Tesla shares reached a near-year high after CEO Elon Musk revealed the company is testing robotaxis without safety monitors. Despite its valuation being tied to self-driving and robot ambitions, Tesla’s revenue mainly comes from selling electric vehicles. Shares rose by 4.9% to $481.37, nearing last year’s record high of $488.54. Musk announced testing without occupants in the car, fueling investor optimism for driverless taxis and the upcoming Cybercab model. While Tesla faces regulatory and technical challenges, Alphabet’s Waymo leads with over 2,500 commercial robotaxis in the U.S., providing around 450,000 paid rides weekly.

Read more at Yahoo Finance: Tesla shares jump as Musk confirms driverless robotaxi testing