From Nasdaq: 2025-06-11 09:33:00

Tesla is gearing up for the launch of its robotaxi service, tentatively set for June 22. CEO Elon Musk shared a video of a driverless Tesla navigating Austin, TX, sparking investor excitement. The initial rollout will start small with 10-20 Model Y SUVs, with human supervision. Competition from Alphabet’s Waymo and Baidu poses a challenge.

Musk plans to start offering public rides with Tesla’s robotaxis on June 22, with safety as a top priority. Tesla’s stock has declined 19% YTD, trading at a high forward P/S ratio of 10.02. Despite the excitement, Tesla still faces challenges in safety, regulation, and full autonomy complexity.

Tesla’s robotaxi ambitions could be a game-changer in the autonomous driving industry. While competitors like Alphabet’s Waymo and Baidu are ahead, Tesla’s success could lead to a major revenue stream. Musk’s focus on self-driving technology highlights Tesla’s potential, but challenges remain. Investors should keep expectations realistic.



Read more at Nasdaq: Tesla’s Robotaxi Launch is Almost Here But Can It Actually Deliver?