Core Viewpoint - Goldman Sachs analyst Mark Delaney maintains a Neutral rating on Tesla Inc with a price forecast of $285, highlighting the company's recent launch of robotaxi operations in Austin, Texas, which began on June 22 for a small group of early access users [1][2]. Group 1: Robotaxi Launch Insights - Tesla's initial fleet for the robotaxi service is expected to consist of 10-20 Model Y vehicles, indicating a cautious approach to scaling operations [1]. - The launch is seen as a sign of progress in Tesla's Full Self-Driving (FSD) technology, although scaling is expected to be slow in the near term [2][6]. - Early performance of the rides shows good drive smoothness, but there are concerns regarding navigation issues, such as improper use of a left turn lane [3]. Group 2: Comparison with Competitors - Tesla's robotaxi service operates under more limited conditions compared to Waymo, which operates 24/7 in approximately 37 square miles of Austin, while Tesla is restricted to 6 a.m. to midnight in a smaller area [4]. - The service is currently available only to a select group of early-access users, contrasting with Waymo's availability to all users on the Uber app [5]. Group 3: Pricing and Revenue Projections - Tesla charges a flat fee of $4.20 for its rides, while Waymo's pricing is variable and shown at the time of booking through the Uber app [5]. - Delaney estimates the demand for autonomous vehicle rideshare in the U.S. will reach about $7 billion by 2030 and projects Tesla's fiscal 2025 revenue at $89.5 billion with an EPS of $1.10 [7].