Tesla Inc.'s robotaxi service is tentatively set to start picking up its first passengers in Austin, Texas, on June 22, Chief Executive Elon Musk said Tuesday night.
Elon Musk announced a tentative launch date for Tesla's robotaxi service in Austin: June 22. Tesla's robotaxi will compete with Alphabet's Waymo.
Tesla CEO Elon Musk said in a post on X on Tuesday that Tesla robotaxi rides in Austin, Texas, are 'tentatively' set to begin June 22 Musk said the first self-driving Tesla will drive from the factory to a customer's house on June 28.
Tesla tentatively plans to begin offering rides on its self-driving robotaxis to the public on June 22, CEO Elon Musk said on Tuesday in a post on X.
Major U.S. equities indexes climbed Tuesday as trade representatives from the U.S. and China engaged in talks for a second straight day.
From the potential shifts in Fed leadership to the progress of global trade talks to Tesla's latest moves, investors will be monitoring how these dynamic forces impact the current financial landscape.
Tesla TSLA has been a polarizing stock over the last decade, delivering massive gains for investors as we increasingly shift toward EVs.
Morgan Stanley (NYSE: MS) analysts have suggested that the recent public spat between Tesla (NASDAQ: TSLA) CEO Elon Musk and President Donald Trump was likely a calculated move.
Tesla has faced severe demand destruction due to a reputational crisis, yet the stock remains resilient due to the powerful narrative and retail investor base. The recent easing of negative media coverage and Elon Musk distancing himself from political controversies are helping to repair Tesla's brand image. The market is shifting focus from Tesla's current financial struggles to its future potential in AI, autonomy, and the underappreciated Tesla Energy segment.
Tesla appears undervalued given their potential in the robotics sector, which could revolutionize business and personal use. Wall Street's stock prices are based on future expectations; we must consider what the robotic world might look like shortly. Robots have been integral in automotive and semiconductor industries, but mass-produced autonomous robots could significantly impact society and Tesla stock.
Tesla's recent stock decline is driven by sentiment and negative headlines, not core business fundamentals, creating a potential near-term trading opportunity. Upcoming product launches, especially the low-cost Model Q and Cybercab, could help reset the company's brand and refocus attention on its engineering strengths. Short-term risks include declining vehicle sales, margin pressure, and ongoing brand reputation issues, but TSLA's strong cash position provides a buffer.
Tesla's sell-off last week over the Musk and Trump feud is a much welcomed reset; we're upgrading the stock from sell to buy. While Tesla continues to face a fundamental demand issue for its brand and high Chinese competition, it's more attractive in the near term as Q2 expectations are getting revised down. Valuation is also more attractive post-sell off, trading at a forward EV/Sales of 9.47x versus a group average of 1.20x, lower than last Monday when it was 11.15x.