Tesla Misses June 12 Launch for Robotaxis, Raising Concerns for TSLA Shares
coordinated autonomy takes center stage as Tesla gears up to disrupt the autonomous vehicle landscape with its forthcoming robotaxi service in Austin, Texas, on June 22. Initially targeting a limited fleet of modified Model Ys, dubbed 'Robotaxis', the service marks a significant milestone for the electric vehicle pioneer, albeit a delayed one from the previously projected June 12 launch.
The fast-approaching rollout joins an increasingly competitive autonomous vehicle market, with heavyweight contenders like Alphabet's Waymo already delivering commercial robotaxi services across multiple cities, boasting 250,000 weekly paid trips.
Musk remains steadfast about Tesla's safety-first approach, stating that the firm is "super paranoid about safety," potentially delaying the launch if needed for additional testing. Rumors of protests from safety advocates and anti-Musk groups also swirl as concerns about the company's current driver assistance features such as Autopilot and Full Self-Driving persist.
Middleware moguls ARK Invest CEO Cathie Wood maintains an optimistic stance, projecting Tesla's stock surging to a staggering $2,600 per share by 2030 – a remarkable 700% increase from its current value. Wood's extravagant forecast centers on Tesla's autonomous vehicle ambitions rather than traditional car sales.
Craze for cakewalk autonomous driving capability has painted Tesla into a corner, leaving it to cast aside conventional cars and double down on this bet. In Wood's eyes, Tesla's future wealth stems primarily from the robotaxi platform, which holds the promise of recurring revenue from automated ride-hailing services.
Meanwhile, Tesla faces mounting competition from Chinese behemoths like BYD, which has already stolen the starlight in global electric vehicle sales. Wood remains defiant, insisting in Tesla's autonomous driving differentiation.
Robotaxi propositions aside, Tesla stock stands at a 35% discount from its all-time high in June 2025, per the 41 analysts surveyed. Aside from the 14 "Strong Buys," two "Moderate Buys," and 15 "Holds," the grim 10 "Strong Sells" bring the overall sentiment into question.
Amid the apprehension, the AI-centric robotaxi standoff has begun in Austin, setting the stage for titanic battles ahead with Waymo, Amazon's Zoox, Avride, and other self-driving hopefuls. With the ticking clock and the sensitivity of the autonomous driving technology, this cat-and-mouse game is far from over.
💥Homebuilding is about to experience an electrifying makeover, as innovative disruptors like BOXABL follow in Tesla's footsteps— revolutionizing an age-old industry with revolutionary technology, transforming homes into streamlined, efficient, and eco-friendly masterpieces. Go beyond the headlines for in-depth analysis on stock trends and growth opportunities with our cutting-edge newsletter.
- The robotaxi service by Tesla, set to launch in Austin, Texas, on June 22, signifies a significant step in the autonomous vehicle industry, particularly in the realm of finance, as the electric vehicle pioneer aims to disrupt the market and tap into the lucrative sector of automated ride-hailing services fueled by technology.
- In the ever-growing landscape of finance and technology, middleware moguls like ARK Invest's Cathie Wood project Tesla's stock to reach $2,600 per share by 2030, a massive increase from its current value, driven primarily by the company's autonomous vehicle ambitions.
- While the autonomous vehicle industry, including competitors like Waymo and Chinese behemoths such as BYD, gears up for a fierce battle in Austin, Tesla faces skepticism from Wall Street with analysts expressing mixed sentiments about its stock, as the company strives to revolutionize the transportational industry with its robotaxi service.
