Tesla (TSLA) stock rose 2% in premarket trading after CEO Elon Musk teased the rollout of its robotaxis and confirmed he was leaving his role in government.
Musk said the EV maker has been testing driverless Model Y cars in Austin, Texas, for the past several days. Previously, he said Tesla would begin testing by the end of June, per Reuters. The rollout is also expected to feature 10 to 20 cars to start, based on past comments.
“A month ahead of schedule,” Musk wrote on X.
Also lifting shares was a confirmation from a White House official that Musk will no longer serve on the Department of Government Efficiency (DOGE). Musk’s involvement in government was controversial for Tesla shareholders, many of whom felt his attention had become too divided.
“Back to spending 24/7 at work and sleeping in conference/server/factory rooms,” Musk said on Tuesday, adding that he “must be super focused on 𝕏/xAI and Tesla (plus Starship launch next week), as we have critical technologies rolling out.”
Read more here about Tesla’s driverless cars and Musk’s return to the office.