Tesla shares surged 5.1% on August 21, closing at around $362.86, making it one of the top performers in the S&P 500. Nevada approved up to 5,000 robotaxis in Las Vegas, representing one of the largest single-market approvals for autonomous ride-hailing in the US. Tesla is hosting a Cybercab launch event on September 3, 2026 in Austin, Texas, after starting production in February 2026 at Gigafactory Texas. The company already operates unsupervised robotaxi services across seven US markets. Analysts generally agree that meaningful robotaxi revenue is not expected until 2027 at the earliest.
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