Tesla shares rallied more than 5% ahead of the company’s closely watched Cybercab event in Austin, as investors focused on its robotaxi ambitions. The two-seat autonomous vehicle, designed without a steering wheel or pedals, is central to Tesla’s plans to scale its robotaxi network, although pricing, competition and regulatory hurdles remain key concerns.
Tesla shares rallied more than 5% ahead of the company’s closely watched Cybercab event in Austin, as investors focused on its robotaxi ambitions. The two-seat autonomous vehicle, designed without a steering wheel or pedals, is central to Tesla’s plans to scale its robotaxi network, although pricing, competition and regulatory hurdles remain key concerns.
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