The 'Halftime' Investment Committee debate where Tesla goes from here on Robotaxi launch
The Investment Committee debate Tesla's Robotaxi launch and what it means for the future of the stock.
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Engadget
25 minutes ago
- Engadget
Tesla's first robotaxi rides are already running into a few bumps
Tesla launched its robotaxi service over the weekend, with only a small number of cars and heavy human supervision on and off the road. While less impressive than previously promised, the company's caution ultimately seems for the best — at least one robotaxi attempted to drive on the wrong side of the road, based on a video posted to X and spotted by Bloomberg. The ride video shared by Rob Maurer is largely uneventful, with the Tesla navigating turns and lane merges with few issues. Except for around seven minutes or so into the ride, when the Tesla's wheel starts jerking back and forth and the car briefly crosses onto the wrong side of the road. As Bloomberg notes, "a honking horn can be heard as the Tesla re-enters the correct lane over a double-yellow line, which drivers aren't supposed to cross." To view this content, you'll need to update your privacy settings. Please click here and view the "Content and social-media partners" setting to do so. The Tesla may have corrected itself on its own or under the influence of someone monitoring the ride remotely, but the in-car supervisor didn't appear to do anything. That's not the only instance of potentially unsafe driving Bloomberg spotted. Early riders have shared multiple instances of robotaxis going over the speed limit, though that might be more of a reflection of the cars driving around Tesla's vehicles than their collective need for speed. Waymo, which also operates in Austin, strictly follows the posted speed limit as a rule. Tesla's Full Self-Driving system has been heavily criticized in anticipation of the company's robotaxi launch and the eventual introduction of its Cybercab, which doesn't have a steering wheel. Earlier in June, The Dawn Project staged a demonstration showing a self-driving Tesla plowing through child-sized mannequins eight times in a row. The company's Full Self-Driving system is also currently being investigated by the National Highway Traffic Safety Administration over its involvement in four different crashes.
Yahoo
35 minutes ago
- Yahoo
Tesla soars after robotaxi launch — but UBS says opportunity is 'already priced into the stock'
Tesla launched its robotaxi service in Austin on Sunday as an invite-only service for now. Its stock jumped as much as 11% during the session, ultimately ending the day up 8% at $348.68. CEO Elon Musk has promised millions of robotaxis by 2026, but analysts say execution remains key. Tesla posted big gains on Monday following the long-awaited launch of its robotaxi services in Austin. The EV maker unveiled its robotaxi service on Sunday, giving small group of users in Austin access to the driverless rides for a flat $4.20 fee. Shares opened modestly higher before jumping about 11% in morning trading to hit an intraday high of $357.47. The stock pared the biggest gains to close 8% higher at $348.68. In a Monday note, analysts at UBS raised their target price on the stock by $25 to $215 while maintaining a "Sell" rating. "Recall, Elon Musk indicated that autonomy is one of two (along with humanoid robots) main drivers of the stock's long-term value. While Tesla appears to be well positioned, we believe the opportunity is already priced into the stock," they wrote. "We built out our robotaxi model and believe the opportunity is worth ~$99/share, which when considering other parts of TSLA's business, still leaves us cautious on TSLA's overall valuation." In an X post on Sunday, Musk wrote: "Super congratulations to the @Tesla_AI software & chip design teams on a successful @Robotaxi launch!! Culmination of a decade of hard work. Both the AI chip and software teams were built from scratch within Tesla." Earlier this month he teased the launch of the robotaxi, showcasing a driverless Tesla Model Y emblazoned with the Cybertruck-style branding, writing on X: "Beautifully simple design." The rollout follows years of Musk promising multiple times that the robotaxi was just around the corner. Meanwhile, competitors such as Alphabet's Waymo have already demonstrated their autonomous taxis in multiple cities. Lawmakers in Texas have been seeking tighter regulation of robotaxis, while some technical hurdles remain unresolved. Tesla stock has struggled in recent months amid declining vehicle sales, but Monday's rise reduced the loss this year to less than 7%. Over the past 12 months, the shares have gained more than 90%. Analysts have said that Tesla's low-cost, factory-scalable model could still give it an edge in the autonomous driving battle. Read the original article on Business Insider
Yahoo
35 minutes ago
- Yahoo
Tesla Begins Offering Robotaxi Rides in Texas as Wedbush Sees Autonomous Opportunities
Tesla (TSLA) started offering rides in its Robotaxis on Sunday in Texas, with Wedbush Securities ana
