Tesla (TSLA) stock surged after the company successfully launched its robotaxi test in Austin, Texas, on Sunday.

CEO Elon Musk announced the rollout on X, noting a $4.20 flat fee for rides.

Early reports from users on social media confirmed that Tesla Model Ys marked as “Robotaxi” were actively picking up passengers, with some riders taking multiple trips.

The positive reception helped Tesla’s stock close up 8.2% on Monday, Yahoo Finance has reported.

Written by B.C. Begley