NEW YORK, July 03, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Tesla, Inc. (“Tesla” or the “Company”) (NASDAQ: TSLA). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Tesla and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On June 22, 2025, Tesla de ...

Shares of ride-hailing giant Uber (UBER 7.06%) traded roughly 7.6% higher as of 11:19 a.m. ET today. The company announced a partnership with Alphabet's Waymo in Atlanta that will allow people to order Waymo rides exclusively through Uber's app. Autonomous driving is here Riders in Atlanta now have the chance of being paired with an autonomous, full self-driving vehicle at no additional cost, although riders will have the option to switch to a regular human-driven vehicle if they choose. Riders in Waymo veh ...

Core Viewpoint - Tesla's robotaxi service is tentatively set to launch on June 22 in Austin, Texas, with a focus on safety and potential date adjustments [1][4]. Group 1: Robotaxi Launch Details - The first self-driving trip from the Tesla factory to a customer's house is scheduled for June 28 [1]. - The initial rollout in Austin will involve 10 to 20 vehicles operating in a limited area of a few square miles [4]. - Tesla has been testing self-driving Model Y cars in Austin without a driver, reporting no incidents during the tests [4]. Group 2: Vehicle Specifications and Future Plans - Tesla's custom-built robotaxi, referred to as Cybercab, is expected to cost below $30,000, with production starting before 2027 [3][4]. - The rollout of fully autonomous, unsupervised driving is planned to begin in 2025 with the Model 3 and Model Y in Texas and California [3]. Group 3: Competitive Landscape - If the robotaxi service launches as planned, it will operate alongside other self-driving companies like Waymo and Zoox in Austin [5].

Core Insights - Tesla is set to launch its first robotaxi service in Austin, TX, with a tentative start date of June 12, marking a significant step into the autonomous vehicle market [1][2] - The robotaxi service will utilize Tesla's Full Self-Driving (FSD) software, with CEO Elon Musk stating that Model Y vehicles are already being tested on public roads without a driver [2] - Despite the excitement, there are concerns regarding the lack of detailed information about the service's operational aspects, including vehicle deployment and safety measures [3][11] Tesla's Competitive Position - Tesla faces stiff competition from Waymo, which currently leads the U.S. robotaxi market, operating commercial services in four cities and providing over 250,000 paid rides weekly [6] - Waymo has adopted a cautious approach, focusing on data collection and safety studies, while Tesla has relied on bold claims from its CEO without substantial public data [7][20] - Tesla's robotaxis are expected to have a cost advantage, with production costs estimated at $50,000 compared to Waymo's $180,000 due to Tesla's reliance on cameras instead of high-end sensors [9] Market Challenges - Tesla is experiencing declining deliveries and increased competition from both legacy automakers and new entrants like BYD, which has surpassed Tesla in EV deliveries for two consecutive quarters [12][13] - The company has been offering deep discounts to boost demand, which is negatively impacting profit margins, leading to a reduction in growth targets for 2025 [14] - Tesla's stock has seen a 23% increase recently, likely due to optimism surrounding the robotaxi launch, but much of this may already be priced into the stock [4][22] Valuation Concerns - Tesla's forward price/sales ratio stands at 10.69, significantly higher than the industry average of 2.77, raising concerns about overvaluation [16] - The market appears to be pricing in expectations for breakthroughs in high-risk areas like autonomous driving, which remain unproven [18][21] - Given the current challenges in Tesla's core EV business and the uncertainties surrounding the robotaxi launch, the investment case appears weaker [21][22]

Tesla's upcoming robotaxi service launch in Austin is right around the corner. Scheduled for sometime in June, the anticipated launch comes years after several missed deadlines and an increasingly competitive — and shrinking — field.General Motors's Cruise recently bowed out of the race, but Alphabet's Waymo has continuously ramped up its service and is now providing 250,000 rides a week in the San Francisco Bay Area, Los Angeles, Phoenix, and Austin, according to the company. There's also Amazon's Zoox, ...