Tesla is set to begin production of its Cybercab in June, but the company is facing a robotaxi problem with 14 crashes in Austin since last June. These crashes occurred at a rate of one every 57,000 miles, much higher than the national average for human drivers. All crashes involved a human safety monitor.

The company is also struggling with licensing and marketing issues in California, utilizing safety drivers and remote assistant operators. Tesla’s small robotaxi fleet in San Francisco navigated a blackout successfully, unlike Waymo. Tesla is fighting Waymo’s proposal to restrict certain marketing terms in the state.

Investors are banking on Tesla’s robotaxi and robotic ambitions as its core EV business falters. With a high forward P/E ratio and missed robotaxi predictions, Tesla must prove its autonomous driving system. Currently, it has only a fraction of the promised robotaxis in Austin, raising concerns about its stock’s future performance.

Read more at Nasdaq: Tesla Has a Robotaxi Problem, and That’s Bad News for Its Stock