From Zacks Investment Research: 2025-06-02 11:32:00

Tesla is set to launch its first robotaxi service in Austin, TX, using its Full Self-Driving software, with a tentative start date of June 12. Despite the excitement, questions remain about the service’s operation and safety. Competitors like Waymo already lead the robotaxi market, with Alphabet investing $5 billion in the technology. Tesla’s sales are declining, facing competition from BYD in the EV market. The company’s stock is on the rise, but its high valuation and risks associated with unproven technologies make it a risky investment. Tesla currently carries a Zacks Rank #5 (Strong Sell).



Read more at Zacks Investment Research: Tesla Robotaxi Nearing Launch: Buy, Hold or Sell the Stock Now? – June 2, 2025