Latest news with #CyberCab
Time of India
3 days ago
- Automotive
- Time of India
Here's when Elon Musk's Tesla is planning to launch its robo taxi service in US
Representative Image Elon Musk has announced a "tentative" launch date for Tesla's robotaxi service in Austin, Texas, set for June 22. The Tesla CEO made this announcement in a post shared on the social media platform X (earlier Twitter), indicating that he'll be travelling from Los Angeles to Austin for the kickoff. Previously, the tech billionaire mentioned a June launch window for the service. When inquired about the start of public rides for the service, Musk specified June 22 as the current plan. He also noted that the first driverless trip from the Tesla factory to a customer's house is scheduled to occur on his birthday, June 28. In his X post, Musk wrote: 'Tentatively, June 22. We are being super paranoid about safety, so the date could shift. First Tesla that drives itself from factory end of line all the way to a customer house is June 28.' Elon Musk shares video of Tesla robotaxi prototype in Austin by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo Recently, Musk posted an eight-second video on X that showed Tesla's robotaxi prototype being tested on public roads in Austin. The clip showed a black Model Y SUV, marked with a 'Robotaxi' logo, navigating an intersection and pausing for pedestrians, without a human driver inside. Musk said the pilot phase will be limited, starting with 10 to 20 vehicles equipped with a new 'unsupervised' version of Tesla's Full Self-Driving (FSD) software. These initial tests will use the Model Y, rather than the upcoming CyberCab, which is scheduled for production next year. He added that the rollout will be 'geofenced,' meaning the robotaxis will only operate within specific areas, and Tesla employees will monitor them remotely. While some Tesla fans are excited by the launch in Austin, critics, particularly those concerned about road safety and Musk's political affiliations, have raised objections and are planning protests. Apple's HUGE iPhone makeover: iOS 26 & Liquid Glass Explained! AI Masterclass for Students. Upskill Young Ones Today!– Join Now
CNBC
4 days ago
- Automotive
- CNBC
Elon Musk says Tesla robotaxi rides in Austin 'tentatively' set to begin June 22
Tesla CEO Elon Musk said on Tuesday that his company's robotaxi service is "tentatively" set to launch in Austin, Texas, on June 22. In a post on X, Musk indicated that he's flying from Los Angeles to Austin for the kickoff, which he'd previously said would be sometime in June. When a commenter asked when public rides will start, Musk said the current plan is for June 22, and that the first ride from the factory to a customer's house will take place on June 28. "We are being super paranoid about safety, so the date could shift," Musk wrote. Earlier on Tuesday, Musk shared a video on X showing that Tesla was testing driverless vehicles on the roads of Austin without a human safety supervisor behind the wheel. The eight-second clip showed the latest version of the Model Y SUV, painted black with a white "Robotaxi" graffiti-style logo painted on it, navigating an intersection and pausing to allow pedestrians to traverse a crosswalk. Musk recently told CNBC's David Faber that Tesla will start with a very small rollout, including about 10 to 20 of its robotaxis, with a new, "unsupervised" version of the company's FSD or "Full Self-Driving" technology installed. The tests will involve the Model Y, not the futuristic looking CyberCab that Tesla plans to produce next year. Musk said Tesla will "geofence" the service, limiting where the robotaxis can initially operate, and that employees will remotely monitor the fleet.
CNBC
4 days ago
- Automotive
- CNBC
Tesla's three-day rally erases most of selloff from Musk-Trump feud
In the three trading days since Elon Musk's war of words with President Donald Trump last week sank Tesla's market cap by 14% in a single session, the stock has rallied almost all the way back. Tesla shares rose 5.7% on Tuesday to close at $326.09 on Tuesday, leaving the stock about $6 short of where it was trading last Wednesday, before the Musk-Trump brouhaha exploded across social media. The latest jump came after Musk shared a video on X showing that Tesla was testing driverless vehicles on the roads of Austin, Texas, without a human safety supervisor behind the wheel. The eight-second clip showed the latest version of the Model Y SUV, painted black with a white "Robotaxi" graffiti-style logo painted on it, navigating an intersection and pausing to allow pedestrians to traverse a crosswalk. After years of delays and unfulfilled promises left Tesla well behind rivals like Alphabet's Waymo in the robotaxi market, Musk's company finally appears poised to put its autonomous driving technology on public streets, even if in a very limited capacity to start. Bloomberg previously reported that Tesla is expected to officially launch its "pilot" for a driverless ride-hailing service in Austin on June 12, though the company hasn't confirmed the timing beyond saying that it's coming in June. Musk recently told CNBC's David Faber that Tesla will start with a very small rollout, including about 10 to 20 of its robotaxis, with a new, "unsupervised" version of the company's FSD or "Full Self-Driving" technology installed. The tests will involve the Model Y, not the futuristic looking CyberCab that Tesla plans to produce next year. Musk said Tesla will "geofence" the service, limiting where the robotaxis can initially operate, and that employees will remotely monitor the fleet. Tesla is now listed as "testing" on an official website for the city of Austin, EV fan blog Teslarati first reported. The site shares information about autonomous vehicle companies operating in Austin. Waymo, which operates a commercial fleet in the Texas capital, is the only autonomous vehicle maker listed with a "deployment" designation, rather than "mapping" or "testing" on the Austin site. The company also has commercial robotaxi services running in parts of the San Francisco Bay Area, Phoenix, and Los Angeles. In Austin, Amazon's Zoox is listed as testing, as is AVRide, a self-driving vehicle developer that spun out of Russian tech firm Yandex. Sawyer Merritt, a Tesla promoter and fan, originally posted the clip of the Model Y operating on FSD-Unsupervised in Austin. "BREAKING: First ever Tesla Model Y robotaxi with no-one in the drivers seat spotted testing on public roads in Austin, Texas!" Merritt wrote on X. Musk shared the post, adding, "Beautifully simple design." He later wrote, "These are unmodified Tesla cars coming straight from the factory, meaning that every Tesla coming out of our factories is capable of unsupervised self-driving!" Musk, the world's richest person, is coming off a bruising week. After his term running the Trump Administration's Department of Government Efficiency (DOGE) officially came to an end, Musk and the president began feuding, partly due to the contents of the spending bill that's being debated in congress. The spat turned personal on Thursday, with both men hurling insults at each other from their respective social media platforms. The stock was already getting hit but took a sharp turn lower after Trump said Musk had gone "CRAZY" and threatened to end government contracts and cut off subsidies for his companies. In addition to Tesla, Musk also runs defense contractor SpaceX, artificial intelligence startup xAI (which owns X), health tech company Neuralink and drilling venture The Boring Company. While Trump said he "would assume" his relationship with Musk is over, the president is known to for his transactional approach. The stock bump early this week may be in part a reaction to a more contrite Musk, who has deleted some of the most pointed insults that he previously lobbed at Trump, and has appeared to endorse the president on other policy matters like immigration. Tesla investors have been urging Musk to refocus his attention on the electric car maker after a brutal first quarter that saw automotive revenue plunge 20% due to increased competition from lower-cost EV makers in China and a consumer backlash to Musk's political activities and rhetoric. In key markets throughout Europe and China, Tesla's year-over-year sales declined in the first two months of the second quarter. In a report to clients on Tuesday, analysts at Piper Sandler wrote, regarding driverless cars being spotted in Austin, that "a key component of our TSLA thesis has officially begun playing out." The firm has a buy rating on the stock. Philip Koopman, an auto safety researcher and associate professor of computer engineering, told CNBC that investors shouldn't get too carried away at the sight of Tesla running driverless vehicles on public roads. "We don't know enough from the company, or from this clip, to know if these vehicles are going to be safe, how they operate and what it costs," Koopman said, referring to the video shared by Musk. He said he expects Tesla to rely heavily on so-called "remote assistants," or people who watch the company's robotaxis from a computer in a service center, with the ability to take over control if needed.
Yahoo
03-06-2025
- Automotive
- Yahoo
The next market Tesla could disrupt in the future is flying cars, Morgan Stanley predicts
Visionary entrepreneur Elon Musk might be tempted to solve the problem of commercializing air taxies, also known as electric vertical take-off and landing (eVTOL) vehicles, argued Morgan Stanley autos Analyst Adam Jonas. Most Tesla stock analysts tend to focus predominantly on the company's core car business when valuing the company—but not so Adam Jonas. In his latest research note, the Morgan Stanley bull argued Tesla could leverage its expertise in artificial intelligence, batteries and manufacturing to enter the fledgling market for air taxies, also known as electric vertical take-off and landing vehicles (eVTOLs). For years these aircraft have been predicted to revolutionize urban transport, but so far even leading providers like Archer Aviation are still in development. Last week, its Midnight prototype, which is scheduled for its first deliveries later this year to the Gulf emirate of Abu Dhabi, successfully completed a piloted flight test. While Jonas believes solving this technological problem is exactly the kind of challenge Tesla engineers love to tackle, he acknowledged that Tesla, while not refuting the idea outright, said it was stretched too thin to seriously contemplate an eVTOL. 'In our opinion, that's a decidedly different type of answer,' he wrote to clients, according to a report by Teslarati. 'Is Tesla an aviation/defense-tech company in auto/consumer clothing?' Fortune could not independently verify Jonas' comments and Tesla did not respond to a request for a statement. The Trump administration is likewise interested in supporting the emergence of flying cars as a mode of transportation. 'eVOTLs [sic] are going to fundamentally transform how the public travels. Let's make sure the U.S. leads the way,' transportation secretary Sean Duffy posted on Monday. At present the eVTOL market could use any help it can get. Many promising startups including Lilium and Volocopter ran into financial difficulties before they could develop a commercially viable service. Part of the problem is eVTOLs need to achieve very high safety standards while at the same time remaining fully autonomous, because scaling up the business typically means removing costly pilots from the equation. Nor can enough customers be found that possess a pilot license. Whether Tesla would ever enter the market is debatable, though. On the one hand, Tesla CEO Elon Musk has been clear about where his focus lies. All attention is currently on its autonomous ride hailing fleet set to begin operations this month in Austin; the commercialization of its prototype CyberCab dedicated robotaxi; and bringing the Optimus humanoid robot to market. On the other, Musk is a chameleon who not only pivoted Tesla from its EV focus to AI-enabled robotics, but also convinced shareholders that staying invested will eventually pay off handsomely once he commercializes his prototype droid Optimus. Moreover aeronautics is the chief expertise of Musk's other main company, SpaceX, allowing for a potential collaboration. Jonas' eVTOL idea isn't the first time he's openly suggested a new business idea that could capture the imagination of investors. The Morgan Stanley auto analyst once argued to clients that Tesla should consider taking on Apple in the lucrative smartphone market. Recently he has become increasingly concerned about the growing competitive threat posed by Chinese EV brands, whose offerings like the Xiaomi YU7 crossover potentially offers superior value-for-money than Tesla's own rival Model Y—or any other western competitor. 'China may have already won the EV battle,' Jonas wrote late last month, adding this 'explains why Tesla is moving away from 'car' and going all-in on autonomy.' This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
Cathie Wood Trims Tesla Stock Ahead of Robotaxi Debut
Cathie Wood's ARK Innovation ETF (ARKK) sold nearly 50,000 Tesla (NASDAQ:TSLA) shares last weekabout $17 million worthjust as the company prepares to launch its Robotaxi service on June 12. While Wood often trims large positions to rebalance and lock in gains, the timing ahead of Tesla's autonomous?taxi reveal in Austin has investors wondering if ARK is bracing for short?term volatility in what remains unproven technology at scale. Warning! GuruFocus has detected 7 Warning Sign with DG. Tesla's Robotaxi, featuring self?driving CyberCab vehicles, represents a core pillar of ARK's bold thesis that robo?taxis could account for 90% of Tesla's value by 2029. Despite the recent sell?off, TSLA still comprises about 13% of ARKK's portfolio, and Wood's $2,600 price target by 2029 underscores her enduring confidence. Investors should care because ARK's partial exit may serve less as a loss of faith and more as a reminder to temper expectations: if Robotaxi adoption or regulatory approval falters, Tesla's stock could face sudden pressure. Meanwhile, ARK retains a dominant long?term position, signaling that any short?term hedge is unlikely to derail its overall bullish stance. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
