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Benzinga
Benzinga
Business
Vaishali Prayag

Tesla Shares Rise Nearly 4% On Bay Area Robotaxi Launch Hopes

California DMV Seeks Tesla License Suspension

Shares of Tesla Inc. (NASDAQ:TSLA) are trading higher Friday following reports indicating the company is preparing to launch its robotaxi service in the San Francisco Bay Area as soon as this weekend.

What To Know: According to a Business Insider report, vehicles will operate with safety drivers, Human drivers in the front seat who can intervene using the steering wheel and brakes. Tesla plans to offer the service to a select group of invited Tesla owners who will pay a fee for rides within a defined region that includes Marin County, the East Bay, San Francisco and areas as far south as San Jose.

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