It's the first permit of its kind, and a crucial step along the path toward launching a true robotaxi service in the Big Apple. https://t.co/NHhQMyc7vr ...

Core Viewpoint - Tesla is experiencing a significant decline in quarterly deliveries, indicating a potential second consecutive annual sales decline due to waning demand linked to CEO Elon Musk's political stance and an aging vehicle lineup [1]. Delivery Performance - Tesla delivered 384,122 vehicles in Q2, a decrease of 13.5% from 443,956 units in the same quarter last year [2]. - Analysts had anticipated deliveries of approximately 394,378 vehicles, with some estimates dropping as low as 360,080 units [2]. Market Reaction - The market's response to Tesla's delivery figures was somewhat positive, as analysts had recently lowered their forecasts, suggesting that the results were not as poor as initially feared [3]. Stock Performance - Tesla's stock has declined by 25% this year, primarily due to concerns over brand damage in Europe and the U.S. linked to Musk's political affiliations [4]. - Following a public split between Musk and Trump in early June, Tesla lost around $150 billion in market value, although the share price has seen some recovery since then [4]. Product Strategy - Despite Musk's earlier claims of a sales turnaround, Tesla's delivery drop occurs in a growing global EV market [5]. - The company updated its best-selling Model Y crossover, which temporarily halted production and led to some buyers delaying purchases [5]. Revenue and Valuation - Tesla's revenue and profit are heavily reliant on its core EV business, with much of its valuation tied to Musk's ambitions of transforming its vehicles into robotaxis [6]. Robotaxi Initiative - Tesla launched a limited robotaxi service in Austin, Texas, with restrictions and only a small number of vehicles on the road [7]. - The U.S. National Highway and Transportation Safety Administration has initiated an investigation into this autonomous ride service launch [7]. Future Sales Expectations - Tesla plans to produce a more affordable vehicle, likely a pared-down Model Y, by the end of June [8]. - Analysts predict a second consecutive annual sales decline for Tesla this year, with the company needing to deliver over a million units in the second half to meet Musk's growth targets, which is considered a challenging goal [8].

RT Tesla Owners Silicon Valley (@teslaownersSV)Dear Tesla Team (@Tesla, @AshokElluswamy),Thank you for launching the Tesla Robotaxi service in Austin! As an early user, I have some feedback to improve the rider experience and make it even more seamless and user-friendly:1. Distance Notification for Pickup LocationThe Robotaxi app should notify users if they are far from the designated pickup point, including the estimated walking distance or time to reach it. This would help riders plan accordingly, especia ...

Dear Tesla Team (@Tesla, @AshokElluswamy),Thank you for launching the Tesla Robotaxi service in Austin! As an early user, I have some feedback to improve the rider experience and make it even more seamless and user-friendly:1. Distance Notification for Pickup LocationThe Robotaxi app should notify users if they are far from the designated pickup point, including the estimated walking distance or time to reach it. This would help riders plan accordingly, especially if the fixed pickup location is a block awa ...

Core Insights - Waymo and Uber have launched the "Waymo on Uber" robotaxi service in Atlanta, expanding their existing partnership that began in Austin [1][10] - The service will initially cover approximately 65 square miles in Atlanta, with plans for fleet expansion over time [1][3] Company Operations - Uber has established partnerships with 18 autonomous vehicle companies and currently has an annual run-rate of 1.5 million mobility and delivery AV trips on its network [2] - Waymo provides 250,000 paid robotaxi rides weekly across Austin, Los Angeles, Phoenix, and San Francisco, with the addition of Atlanta expected to increase these numbers [2] Fleet Management - Waymo's fleet in Atlanta is currently in the "dozens" but is expected to grow to hundreds as the service expands [3] - The "Waymo on Uber" service allows Uber users to set preferences in the app to increase the likelihood of being matched with a Waymo robotaxi [5] User Experience - When matched with a Waymo, Uber users can choose to accept the ride or switch to a human-driven vehicle [6] - The cost of robotaxi rides will be equivalent to UberX, Uber Comfort, or Uber Comfort Electric rides [8] Operational Responsibilities - Uber is responsible for the charging, maintenance, and cleaning of the autonomous vehicles, while Waymo oversees the technology and autonomous operations [9]

Tesla (TSLA -6.98%) stock fell again on Monday after news broke of a major delay in its production plans. As of 2 p.m. ET, the company's share price was down 7.3%, while the S&P 500 was down 3.4% as the market responded to intensifying macroeconomic concerns.The company-specific news that investors were reacting to was that Tesla will delay the U.S. debut of the bare-bones version of its Model Y. That lower-priced new electric vehicle (EV) was slated to launch this quarter, but its launch will now be pushed ...

An analyst who is one of the biggest boosters of Tesla on Wall Street says Elon Musk is facing a “moment of truth” at his EV company because of a “crisis” he’s created by spending so much in the Trump administration.The analyst, Wedbush’s Dan Ives, pleaded with Musk in a note published Thursday to reduce his role working with the Department of Government Efficiency (DOGE). “If you agree or disagree with DOGE it misses the point that by Musk spending 110% of his time with DOGE (and not as Tesla CEO) since P ...

Core Insights - Tesla has received a transportation charter permit (TCP) from the California Public Utilities Commission (CPUC), marking a step towards potentially operating a robotaxi service in California [1][2] - The TCP allows Tesla to own the vehicles and use employees as drivers, differentiating it from the transportation network company (TNC) permits held by Uber and Lyft [2][3] - Tesla plans to initially use the TCP for transporting employees on a pre-arranged basis, with a commitment to notify the CPUC when it begins transporting the public [3] Regulatory Context - The TCP permit does not cover autonomous vehicle testing or deployment, and Tesla has not applied for participation in the CPUC's Autonomous Vehicle Passenger Programs [4] - To operate a driverless service, Tesla would need to obtain additional permits from the California Department of Motor Vehicles (DMV) [4][5] - Currently, Tesla lacks authority from the DMV to offer driverless rides for testing or deployment purposes [5] Future Plans - Tesla is planning to launch a robotaxi service in Austin, Texas, with expectations to begin in June using its fleet vehicles equipped with the upcoming "unsupervised" version of its Full Self-Driving software [5]

Core Viewpoint - Tesla has applied for a transportation charter-party carrier (TCP) permit with the California Public Utilities Commission (CPUC) to potentially operate a robotaxi service in California, marking a significant step in its autonomous vehicle strategy [1][3]. Group 1: Permit Application Details - Tesla's application for the TCP permit was confirmed to have been submitted in November 2024 and is currently pending approval [1]. - The TCP permit differs from the transportation network company (TNC) permits held by companies like Uber and Lyft, as it requires the company to own the vehicles and employ drivers [2]. Group 2: Regulatory Context - A CPUC spokesperson indicated that Tesla has not applied for a TNC permit or to participate in the CPUC's Autonomous Vehicle Passenger Service program, which requires a TCP permit [3]. - The application for the TCP permit suggests that Tesla is preparing for a driverless ride-hailing service, despite its recent shift of operations to states with more favorable regulations, such as Texas [4]. Group 3: Future Plans - CEO Elon Musk announced plans to launch a paid ride-hailing robotaxi service in Austin by June, utilizing Tesla-owned vehicles and the upcoming "unsupervised" version of its Full Self-Driving software [4]. - Musk also revealed a prototype of a purpose-built Cybercab designed without a steering wheel or pedals, indicating a focus on fully autonomous vehicle designs [5].