Tesla shares jumped over 5% in after-hours trading Tuesday as CEO Elon Musk reaffirmed his commitment to the company and unveiled major updates to its Full Self-Driving ambitions. During the earnings call, Musk said Tesla remains on track to launch its robotaxi service in Austin by June with a small fleet of 10 to 20 Model Y vehicles. He projected national expansion of the autonomous taxi business by late 2026 and said the Model Y could begin self-delivery to customers later this year. Musk emphasized Tesla’s future rests on mass-scale autonomy and humanoid robots.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla shares jumped over 5% in After Hours Trading Tuesday as CEO Elon Musk reaffirmed
00:07his commitment to the company and unveiled major updates to its full self-driving ambitions.
00:11During the earnings call, Musk said Tesla remains on track to launch its robo-taxi
00:15service in Austin by June with a small fleet of 10 to 20 Model Y vehicles.
00:20He projected national expansion of the autonomous taxi business by late 2026.
00:24He said the Model Y can begin self-delivery to customers later this year.
00:28Musk emphasized Tesla's future rests on mass-scale autonomy and humanoid robots.
00:33For all things money, visit Benzinga.com slash GSTV.