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Tesla Just Achieved a Big Milestone With Its Robotaxi Launch. But There's Another Potential Speed Bump Fast Approaching.
Tesla (NASDAQ: TSLA) and its CEO Elon Musk recently achieved a big milestone -- they launched the company's first self-driving robotaxis for paying customers in Austin, Texas. It's an initiative that Musk first discussed in 2016. While it looks more like a soft launch, it's still a big step for Tesla, which plans to launch a fully autonomous robotaxi fleet. Many investors think that could be a massive new business for the company that will justify Tesla's monster valuation.Still, Tesla has a lot going on right now. Remember, the company's core business is still electric vehicles (EVs), and that business is facing a critical event in just a few weeks' time.Tesla is expected to announce its second-quarter EV delivery figures in the first week of July. As many investors likely recall, first-quarter deliveries came in at roughly 337,000, its lowest quarterly number in over two years. Many investors have been concerned that Musk's close ties to President Donald Trump and his period of leading Trump's Department of Government Efficiency (DOGE) have alienated a significant portion of Tesla's potential customer base.Continue reading
Tesla (NASDAQ: TSLA) and its CEO Elon Musk recently achieved a big milestone -- they launched the company's first self-driving robotaxis for paying customers in Austin, Texas. It's an initiative that Musk first discussed in 2016. While it looks more like a soft launch, it's still a big step for Tesla, which plans to launch a fully autonomous robotaxi fleet. Many investors think that could be a massive new business for the company that will justify Tesla's monster valuation.
Still, Tesla has a lot going on right now. Remember, the company's core business is still electric vehicles (EVs), and that business is facing a critical event in just a few weeks' time.
Tesla is expected to announce its second-quarter EV delivery figures in the first week of July. As many investors likely recall, first-quarter deliveries came in at roughly 337,000, its lowest quarterly number in over two years. Many investors have been concerned that Musk's close ties to President Donald Trump and his period of leading Trump's Department of Government Efficiency (DOGE) have alienated a significant portion of Tesla's potential customer base.
