US Stock Market Move | Tesla, Inc. (TSLA.US) rose nearly 3% and is expected to launch CyberCab to the public by the end of August.

On Wednesday, Tesla, Inc. (TSLA.US) rose nearly 3%, closing at $346.66. According to reports, Tesla, Inc. has informed employees that it is preparing to launch the Cybercab to the public, which is the company's first model without a steering wheel or brake pedals. Tesla, Inc. plans to first introduce the Cybercab to the public in Austin, Texas, possibly as soon as this month. Reports indicate that in recent weeks, the company has been preparing for the launch of the Cybercab, including conducting test drives, arranging for employees to ride on private roads, and training local emergency personnel. Tesla, Inc. has informed employees that the plan is to first allow them to ride the Cybercab on public roads, followed by incorporating the vehicle into Austin's Robotaxi service within a few days. Tesla, Inc. currently has an internal target to launch the Cybercab to the public by the end of August, although the timeline may still be adjusted.