Tesla shares rise 5% ahead of Austin Cybercab unveiling
Tesla stock climbed to an intraday high near $384 as investors positioned themselves for the autonomous vehicle event in Texas. The two-seat robotaxi has already begun limited operation alongside Model Y units.
Tesla stock jumped over 5 percent on Thursday, climbing to an intraday peak of approximately $383.91 before settling at $376.37. Traders were actively trading ahead of a scheduled presentation for the Cybercab in Austin, Texas. This autonomous vehicle is designed specifically for robotaxi service and operates without a steering wheel or pedals. The company has already started delivering these cars to users in Austin, alongside standard Model Y robotaxis. Availability depends on supply when customers book through the dedicated ride service. Market observers view this development as a critical step toward scaling Tesla's autonomous network. The strong daily performance marked one of the most significant rallies for the stock in recent months.
