Over the weekend, Tesla Inc (NASDAQ:TSLA) slipped its first fully autonomous ride-hail service onto Austin's streets with barely a fanfare: a handful of geofenced vehicles, safety monitors on board and invited riders only. It's a cautious debut that echoes the limited roll-outs from Waymo and Cruise, yet investors had been banking on something more spectacular.
Shares of Tesla Inc. charged higher Monday, after Chief Executive Elon Musk said Tesla owners could turn their electric vehicles into robotaxis, opening up an opportunity for them earn more than their monthly payments on the vehicles.
TSLA kicks off its first paid robotaxi rides in Austin, testing autonomous tech as rivals race to scale nationwide.
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Auto - Manufacturers Industry | Consumer Cyclical Sector | Mr. Elon R. Musk CEO | BVL Exchange | US88160R1014 ISIN |
US Country | 125,665 Employees | - Last Dividend | 25 Aug 2022 Last Split | 29 Jun 2010 IPO Date |
Tesla, Inc., a leader in the electric vehicle and clean energy sector, designs, develops, manufactures, leases, and sells a wide range of products, including electric vehicles (EVs) and energy generation and storage systems. With operations spanning across the United States, China, and other international markets, Tesla has positioned itself as a pivotal player in promoting sustainable transportation and energy solutions. The company operates through two main segments: Automotive, focusing on electric vehicles and related services, and Energy Generation and Storage, dedicated to renewable energy solutions. Initially founded as Tesla Motors, Inc. in 2003, the company rebranded to Tesla, Inc. in February 2017 and is headquartered in Austin, Texas. Tesla's innovative approach towards integrating technology with environmental sustainability has significantly contributed to its reputation as a trailblazer in the industry.
Tesla's Automotive segment also includes various ancillary services related to its vehicles, such as automotive regulatory credits, non-warranty after-sales services, body shop and parts, supercharging, and in-app upgrades. Additionally, Tesla offers purchase financing and leasing services, making its electric vehicles more accessible to a wider audience. The company enhances customer experience with services for electric vehicles through its company-owned service locations, Tesla mobile service technicians, and comprehensive vehicle warranties and extended service plans.
Tesla's engagement in the energy sector extends to providing service, repairs, and various financing options to its energy product customers. These services ensure the longevity and effectiveness of Tesla's solar and energy storage solutions, further affirming Tesla's commitment to sustainable energy. Customers can access these products and services through Tesla's website, stores, galleries, and a network of channel partners.