Tesla's Robotaxi Launch is Almost Here But Can It Actually Deliver?

Core Insights - Tesla's robotaxi service is set to launch on June 22, with CEO Elon Musk sharing a video of a driverless Model Y navigating Austin streets, generating excitement among investors [1][2][4] - The initial rollout will involve 10-20 Model Y SUVs in Austin, with remote human supervision to ensure safety [3][9] - Tesla's entry into the robotaxi market comes as competitors like Alphabet's Waymo and Baidu's Apollo Go have already established significant operations [6][7] Group 1: Launch Details - Tesla plans to start public rides with its robotaxis on June 22, marking the first fully self-driving rides offered to customers [2][9] - The first trip from the Tesla factory to a customer's house is scheduled for June 28, coinciding with Musk's birthday [2] - Safety is emphasized as a top priority, with the possibility of timeline adjustments if necessary [2][5] Group 2: Competitive Landscape - Alphabet's Waymo operates commercial robotaxi services in four U.S. cities, providing over 250,000 paid rides per week and has committed $5 billion to further develop its services [6] - Baidu's Apollo Go operates over 400 robotaxis in China and plans to expand into Europe and Turkey by the end of 2025 [7] Group 3: Financial Performance - Tesla shares have declined approximately 19% year to date, compared to a 22% decline in the broader industry [8] - The company trades at a forward price-to-sales ratio of 10.02, significantly higher than the industry average and its own five-year average [11]