Tesla Robotaxis are big on Wall Street but lagging on roads: Report

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Tesla‘s share price hit a record this month in part because many investors believe promises that the carmaker is poised to dominate the emerging market for driverless taxis worth trillions of dollars.

But a visit to Austin, Texas, where Tesla is operating a small fleet of autonomous cars, quickly makes clear that the company is entering a heated race and has a lot of catching up to do.

Tesla has deployed about 30 of its Robotaxis here, according to a website that tallies sightings, since it started its service in June. By contrast, Waymo, a division of…



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Tesla Robotaxis are big on Wall Street but lagging on roads: Report



Tesla‘s share price hit a record this month in part because many investors believe promises that the carmaker is poised to dominate the emerging market for driverless taxis worth trillions of dollars.

But a visit to Austin, Texas, where Tesla is operating a small fleet of autonomous cars, quickly makes clear that the company is entering a heated race and has a lot of catching up to do.

Tesla has deployed about 30 of its Robotaxis here, according to a website that tallies sightings, since it started its service in June. By contrast, Waymo, a division of…



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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