Tesla is set to launch its robotaxi service in Austin on June 12, which marks a significant development in its autonomous driving initiatives. In the weeks leading up to this event, Tesla’s stock surged 23% in May, contributing to a 16% increase during the prior October as investors reacted to the company’s potential advancements.
Key details around the launch include that CEO Elon Musk stated the service will start small with only a “handful” of self-driving cars. He emphasized that the scale of the robotaxi business will depend on demand and performance of the software, with significant financial contributions expected to come in the latter half of next year.
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