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Tesla, Inc. (TSLA) Set to Launch Robotaxi Service in Austin on June 12: Bloomberg News

Tesla, Inc. (TSLA) Set to Launch Robotaxi Service in Austin on June 12: Bloomberg News

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Tesla, Inc. (TSLA) Set to Launch Robotaxi Service in Austin on June 12: Bloomberg News

Tesla, Inc. (NASDAQ:TSLA) is expected to launch its long-awaited robotaxi service in Austin on June 12, Bloomberg News reported on Wednesday. While the date has been discussed internally, it could still change, said a source familiar with the matter.

Tesla, Inc. (TSLA) Set to Launch Robotaxi Service in Austin on June 12: Bloomberg News
Tesla, Inc. (TSLA) Set to Launch Robotaxi Service in Austin on June 12: Bloomberg News

The company has not yet confirmed the official date to the press. However, CEO Elon Musk in an interview last week shared that Tesla, Inc. (NASDAQ:TSLA) was on schedule to launch robotaxi trials in Austin, Texas, by the end of June.

The EV maker will begin the trials with 10 self-driving cars in safer parts of Austin with geofencing and scale up to a thousand within a few months if the launch goes well without any incidents.

A successful trial is vital for Tesla, Inc. (NASDAQ:TSLA) as the company has been promising investors and customers since 2016 about delivering a safe, self-driving car that does not require human supervision.

Tesla, Inc. (NASDAQ:TSLA)’s shares have gained 4% over the past week after Musk said he was back to working 24/7 at his companies, alleviating concerns among some investors about his commitment to Tesla because of political engagements.

While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now.

Disclosure: None.

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