Tesla stock surged 5.1% after Nevada approved large-scale robotaxi operations ahead of the Cybercab launch event set for September 3 in Austin,

Tesla Inc (NASDAQ:TSLA) shares are jumping Monday ahead of the company's Cybercab launch event, scheduled for Thursday in Austin, Texas.

Tesla plans to launch its purpose-built Cybercab robotaxis in Austin on September 3, adding steering-wheel-free pods to its growing Texas fleet.