Elon Musk launches Robotaxi service in Austin, Tesla stock sees gains but faces challenges.

From Nasdaq: 2025-07-01 04:50:00

Elon Musk and Tesla launched their Robotaxi autonomous ride-hailing service in Austin, Texas, with a small fleet operating in a limited area, aiming for rapid expansion to compete with Alphabet’s Waymo. Tesla stock has seen a 42% increase from April lows but has since dipped about 9% since the Robotaxi launch.

The Robotaxi launch has faced challenges, with human Tesla employees onboard to intervene, limited operational areas, and reports of mistakes already surfacing on social media. Tesla’s sales have declined, potentially impacted by political controversies, inflation, and consumer concerns, affecting the stock’s performance.

Investors are questioning whether Tesla can sustain recent gains as Robotaxi technology evolves and sales rebound. However, uncertainties remain about the brand’s reputation, technology delays, and declining sales impacting Tesla’s stock valuation, potentially leading to further declines.

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Read more at Nasdaq: Elon Musk Rolls Out Robotaxi Fleet in Austin. Will Tesla’s Stock Gains Stick?