Tesla’s robotaxi service in Austin raises questions about its performance. Despite initial hiccups, the company reports over 7,000 safe miles. Expansion plans include reaching half of the U.S. population by 2025. However, challenges like regulatory hurdles and competition from Waymo and Baidu remain.

Waymo, backed by Alphabet, leads the robotaxi race with fully driverless services in multiple cities. Baidu’s Apollo Go program in China has completed over 14 million rides globally. Tesla’s progress is promising but lags behind these competitors.

Tesla stock faces challenges with a 20% decline this year. Valuation metrics show it trades at a premium, with a Zacks Rank of #4 (Sell). Earnings estimates have decreased, indicating potential risks for investors. The future success of Tesla’s robotaxi vision remains uncertain.

Investors looking at Tesla should consider the competitive landscape and regulatory challenges ahead. While the company has shown progress in its robotaxi service, it still faces hurdles in catching up to leaders like Waymo and Baidu. Patience and risk assessment are key for investors eyeing Tesla’s long-term potential.

Read more at Nasdaq: Two Months Into Tesla’s Robotaxi Launch: Where Does It Stand Now?