From Morningstar: 2025-05-30 04:40:00

Tesla plans to launch robotaxi testing in Austin, Texas on June 12, with shares up 2% in afterhours trading. They aim to test 10 robotaxis, allowing for 4,500 tests per month. Morningstar maintains a $250 fair value estimate for Tesla, predicting a multicity robotaxi service launch in 2028. The stock is currently viewed as overvalued.

In the long view, Tesla is expected to successfully roll out its robotaxi service and expand to new cities, competing with Alphabet’s Waymo in the ride-hailing market. Morningstar does not own shares in any securities mentioned in the article and emphasizes educational purposes only. Further information about Morningstar’s editorial policies can be found on their website.



Read more at Morningstar: Tesla: Robotaxi Testing Launch Date Set for June 12