In theory, the benefit of the robotaxi system will be twofold. First, it will incentivize people to buy a Tesla vehicle. In 2019, Musk said that owners who add their vehicles to the network could make between $10,000 and $30,000 per year, offsetting the cost of ownership.

Tesla stock was rising early Thursday following a favorable call from Wall Street.Cantor Fitzgerald analyst Andres Sheppard launched coverage of the electric-vehicle maker with a Buy rating and a $230 price target.