Tesla doubles down on robotaxi timeline; investors enthused and skeptical

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Tesla peppered its latest earnings call with pledges to launch commercial robotaxi operations soon, with CEO Elon Musk promising that autonomous vehicles will “move the financial needle in a significant way” by late next year.

While the U.S. electric vehicle maker has missed targets many times before, its reiteration on Tuesday of a previously announced launch target has investors believing that its self-driving future is close.

As its core automotive business struggles, with vehicle sales down 13% in the first quarter, expectations are high for…



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Tesla doubles down on robotaxi timeline; investors enthused and skeptical


Tesla peppered its latest earnings call with pledges to launch commercial robotaxi operations soon, with CEO Elon Musk promising that autonomous vehicles will “move the financial needle in a significant way” by late next year.

While the U.S. electric vehicle maker has missed targets many times before, its reiteration on Tuesday of a previously announced launch target has investors believing that its self-driving future is close.

As its core automotive business struggles, with vehicle sales down 13% in the first quarter, expectations are high for…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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