"Waymo is now hosting 100k rides per week in major cities, so we expect more from TSLA's demo," Wells Fargo analyst Colin Langan said.

U.S. stocks are rising toward records as JPMorgan Chase, Wells Fargo and other big financial companies rally following better-than-expected profit reports.

Rather than riding the stock’s recent momentum, the robotaxi unveiling proved to be the “sell the news” event some analysts predicted.

Elon Musk unveiled Tesla's new Cybercab robotaxi, a significant step forward for self-driving rideshares, on Thursday evening. The two-door models showcased at the electric car manufacturer's "We, Robot" event have no steering wheels,

The company’s C.E.O. said the new autonomous vehicle, which does not have a steering wheel, would cost less than $30,000, but the technology still faces hurdles.

Tesla CEO Elon Musk has unveiled the company's latest vehicle, the Cybercab, a fully autonomous self-driving car with no steering wheel, accelerator, or brake pedal. Musk showcased Tesla's latest innovations at the "We,