Tesla to launch Austin robotaxi trial by end of Jun.
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Most of Tesla's big problems (kind of) all started last year when the company said it would be laying off more than 10% of its global work force.
The cuts, apparently the first by a supplier in Texas, come amid falling sales for the brand suffering a reputational hit over Elon Musk's political activities.
Tesla Chief Executive Elon Musk on Tuesday said a test of robotaxis would begin on schedule in Austin, Texas by the end of June. Musk in a CNBC interview said that he expected Austin to launch with about 10 cars and that robotaxi deployment would scale up to about a thousand within a few months.
Tesla CEO Elon Musk emphasized his commitment to the role and robotaxi plans in a string of interviews Tuesday. One of Wall Street's biggest Tesla bulls said he's seeing "a different Musk."
As soon as Tesla shifted its incorporation to Texas, they made the change to avoid getting hit by lawsuits from smaller investors
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A bad bill inspired by European tech panic threatened to drive out Tesla, Meta, and Nvidia. Lawmakers in the House improved it—but now the bill is stalled in the Senate.
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Investor's Business Daily on MSNTesla Robotaxi Launches In A Few Weeks. These Are The Details From Morgan Stanley-Tesla Meeting.Tesla plans to launch a limited robotaxi service in Austin, Texas, next month, and last week Morgan Stanley analyst Adam Jonas, a longtime Tesla bull, met with the EV giant and received details on the plans for its autonomy push.
Changes to the Texas automaker’s bylaws would require investors to own at least 3% of the company’s shares to “institute or maintain a derivative proceeding."