Shares of Tesla rose post-market Friday after Elon Musk posted on social media that it would unveil its Robotaxi in early August.
The stock was up 4% to $171.48 in post-market trading, following a 3.6% decline in the regular session. Shares are down nearly 34% this year as of Friday’s close.
Tesla’s chief executive said in a post on X late Friday that the new model, which will come with no steering wheel or pedals, would be unveiled Aug. 8.
Musk first started talking up the fully autonomous taxi to investors in 2019. He said at the time that he expected the robot taxis to hit at least one market by the end of 2020.
In the years after, Musk said he was hoping for the new vehicle to enter production this year.