Tesla has date in mind for Austin Robotaxi launch
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Tesla shares on the rise after two big pieces of news came overnight, a reported start date for robotaxi testing, and CEO Elon Musk’s official government departure.
Tesla is rumored to start its Robotaxi service in Austin on June 12, and Elon Musk confirmed driverless tests but no timeline commitment
Tesla shares rose more than 2% on Thursday after news that CEO Elon Musk was stepping away from the Trump administration, fueling hopes that he will sharpen focus on the automaker as it gears up for its hotly anticipated robotaxi debut.
Tesla's June robotaxi debut in Austin is a go, but it will be invite only, a Morgan Stanley analyst, who visited the company's Palo Alto office, said.
Cathie Wood has been right about Tesla before, and the company is about to launch its highly anticipated Robotaxi service.
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If you're a Chinese robotaxi company, the Gulf has become the place to be, attractive for a regulatory environment that is embracing the technology and robust demand for ride-hailing services.
In this Sunday edition of BI Today, we're talking about Tesla betting big on robotaxis and comparing its self-driving experience to Waymo's.
Why It Matters: The news comes in as Waymo is steadily bolstering its presence in the AV sector. Recently, the company announced it reached the 10 million autonomous paid rides milestone, which Waymo doubled in 5 months.