Tesla launches test run for full self-driving Supervised an AI-powered ride hailing service
Robotaxis are closer to becoming a reality, after Tesla launched a full self-driving (FSD) supervised ride-hailing service in Austin, Texas, and the San Francisco Bay Area “for an early set of employees.”The announcement was made on Wednesday on X.“We’ve completed over 1.5k trips & 15k miles of driving,” the social media post said.“This service helps us develop & validate FSD networks, the mobile app, vehicle allocation, mission control & remote assistance operations.”The U.S.
electric vehicle maker is committed to launching the service in Austin by June, Reuters reports.CEO Elon Musk promised during Tesla’s latest earnings call that autonomous vehicles will “move the financial needle in a significant way” by late next year.On Tuesday’s call, Musk said Tesla will first use existing Model Y vehicles outfitted with self-driving software.The automaker is also developing a dedicated autonomous model, dubbed the Cybercab, with production starting next year.Musk said he expects autonomous driving technology will begin to “affect the bottom line of the company, and start to be fundamental” by the second half of 2026.“I predict that there will be millions of Teslas operating fully autonomously in the second half of next year,” he said.As its core automotive business struggles, with vehicle sales down 13% in the first quarter, expectations are high for Tesla to prove it can overcome the technological hurdles of autonomous driving and demonstrate a sound business model for driverless car services.Most bullish investors and analysts tie the bulk of Tesla’s stock value to its plans for a massive robotaxi and autonomous-driving subscription business.Investors and analysts in the next few months will be looking for concrete signs that Tesla can scale the robotaxi business and navigate technical challenges.Blake Anderson, associate portfolio manager at Carson Group, a Tesla investor, said in the coming months he wants to see specifics ...