Eyes on Tesla shares today as we count down to the robotaxi launch

Shares of Tesla are up 1.8% in the pre-market and trading at $328 per share.

There have been some headwinds for Tesla in the news this week, with Sam Altman saying that OpenAI may solve self-driving.

“I think we have some new technology that could just do self driving for standard cars way better than any current approach has worked,” said in a podcast.

Shares of the company will be in the spotlight next week with the planned Sunday start of robotaxi service in Austin, Texas. The details have have leaked out so far have been un-inspiring. Electrek reports there will be a person acting as a ‘safety monitor’ in the front seat. The launch will also include only about 10 cars, be limited to a small geofenced area, only available to pre-selected people, from 6 am to midnight and weather permitting.

Is that worth a third of Tesla’s market cap? Evidently the bulls think it is.

The Texas legislature may also be throwing up some safety hurdles.

This article was written by Adam Button at www.forexlive.com.