Tesla began testing robotaxi service with non-Tesla employees, showing progress but improvements are needed.

From Morningstar: 2025-06-24 07:20:00

On June 22, select Tesla TSLA customers began testing the company’s robotaxi service. Tesla shares rose slightly in premarket trading on June 23. The test included non-Tesla employees, showing progress towards commercial service. However, improvements are needed, such as safety monitors in passenger seats and limited testing hours and area in Austin, Texas.

Morningstar maintains a $250 fair value estimate for Tesla, considering the current overvaluation of shares. Second-quarter deliveries are expected to decline, leading to lower delivery numbers. Tesla will continue testing robotaxis until the earnings call in July, with updates on commercialization plans anticipated.

The authors do not own shares in any mentioned securities. Morningstar’s editorial policies can be found on their website.



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