Tesla stock posted modest gains after Elon Musk's EV maker finally launched its robotaxi service in Austin, Texas to a small group of users on Sunday.

(Bloomberg) — Tesla Inc. shares surged after the automaker rolled out its long-promised driverless taxi service to a handful of riders, a modest debut for what Elon Musk sees as a transformative new business line.

Tesla rolled out autonomous robotaxis in Austin on Sunday to a limited group of testers. CEO Elon Musk said in a post on social media platform X that customers were charged a flat fee of $4.20. The launch puts Tesla head-to-head with Alphabet-backed Waymo,