Tesla shares surge ahead of Cybercab event in Austin
Tesla shares surged sharply on Thursday, hours before the company’s planned major announcement regarding robotaxis. According to MarketWatch, Tesla was scheduled to hold an event in Austin, Texas, that day dedicated to the autonomous Cybercab vehicle.
First public passengers
During the event, the company was expected to invite its first public passengers to use the Cybercab. It is a two-seat autonomous vehicle designed specifically as a robotaxi.
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Design and Tesla’s plans
Unlike the Model Y SUVs that Tesla previously used for ride-hailing services, the Cybercab has no steering wheel or pedals. The company plans to begin offering some autonomous ride-hailing services using this vehicle.
MarketWatch data cited alongside the article indicated that Tesla shares rose by 6.73%. The stock movement took place ahead of the company’s planned robotaxi announcement.
