Aug. 21 at 10:28 PM
Tesla shares jumped after Nevada regulators approved Tesla, Uber and Waymo to offer commercial robotaxi services in Clark County, home to Las Vegas. The companies can collectively deploy up to 7,000 autonomous vehicles over the next 12 months, turning Las Vegas into a major battleground for self-driving transportation.
The approval marks an important step for Tesla as it expands its autonomous-driving ambitions. The company also plans to officially launch its Cybercab robotaxi in Austin, Texas, nearly two years after unveiling the vehicle in 2024. Tesla is betting that robotaxis can become a major new growth driver as it seeks to reduce its reliance on traditional EV sales.
The Las Vegas market could provide Tesla with a high-profile test of its autonomous technology, while competition from Uber and Waymo highlights the increasingly crowded race to commercialize self-driving vehicles. Investors viewed the regulatory approval positively, sending Tesla shares sharply higher.
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