Tesla(US:TSLA) Guan Cha Zhe Wang·2025-07-28 06:42Core Viewpoint - Tesla is preparing to expand its Robotaxi service to the San Francisco Bay Area and other cities in the U.S., but California regulators have stated that Tesla cannot use autonomous vehicles for passenger transport without a driver present [1]. Regulatory Environment - The California Public Utilities Commission (CPUC) has clarified that Tesla is not allowed to use autonomous vehicles for testing or transporting the public, regardless of whether the service is paid or not [1]. - Tesla has obtained a Transportation Charter Party Carrier (TCP) license, which permits the company to provide pre-booked rental, charter, or shuttle services using only manually driven vehicles [1][5]. Current Operations - Tesla has launched its Robotaxi service in Austin, Texas, utilizing Model Y vehicles equipped with the latest software. This service is limited to good weather conditions and roads with speed limits not exceeding 40 miles per hour [6]. - The Robotaxi service in Texas includes a safety operator in the front seat and is currently available only to invited users [6]. Competitive Landscape - In contrast, Waymo, a subsidiary of Alphabet, has been granted permission to offer Robotaxi services to the public in California, having accumulated over 13 million miles of testing before launching its service [6]. Financial Performance - In the second quarter, Tesla reported revenues of $22.496 billion, a 12% year-over-year decline, and a net profit of $1.172 billion, down 16% year-over-year. Global vehicle deliveries were approximately 384,000, reflecting a 13% decrease compared to the previous year [6].