Tesla (TSLA) Invites a Small Group of People to Test Its Robotaxi Service
EV maker Tesla (TSLA) has started inviting a small group of people to try out its robotaxi service in Austin, Texas. The test could begin as early as Sunday, according to Reuters. Riders must be at least 18 years old, and a Tesla employee will sit in the front passenger seat during each ride. Furthermore, the test will use about 10 Model Y SUVs running on Tesla's Full Self-Driving software. Those who receive the invitation can download Tesla's Robotaxi app to call a ride, and are asked to share their feedback on the experience.
Confident Investing Starts Here:
This trial is important for Tesla as the company shifts its focus from building affordable electric cars to working on robotics and artificial intelligence. Unsurprisingly, CEO Elon Musk says that safety is the top priority, with humans monitoring the cars remotely. He believes that the robotaxi service can grow quickly if the trial goes well. Still, experts are worried about Tesla's approach, which relies solely on cameras and AI, rather than incorporating additional sensors like lidar or radar. These worries grow in conditions like fog, heavy rain, or bright sunlight.
As a result, some lawmakers and safety experts want more caution, which led a group of Austin-area Democratic lawmakers to ask Tesla to wait until September, when new state rules for autonomous vehicles take effect. It is worth noting that self-driving services are expensive and risky, and companies like Tesla, Waymo (GOOGL), and Zoox (AMZN) have already faced federal investigations and recalls after accidents.
What Is the Prediction for Tesla Stock?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 14 Buys, 12 Holds, and nine Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $286.14 per share implies 11% downside risk.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
33 minutes ago
- Yahoo
2 Stocks Down 34% and 40% to Buy Right Now
Tesla is a risky stock, but it's very well positioned to profit from the successful development of its robotaxi concept. AMD could be on the verge of making big gains in the AI hardware market. These 10 stocks could mint the next wave of millionaires › The first half of 2025 will draw to a close at the end of this month, and investors have been treated to some big twists and turns in the year so far. Despite some major sell-offs in the spring, the S&P 500 and the Nasdaq Composite are up roughly 2% and 1%, respectively, as of this writing. While macroeconomic and geopolitical factors could inject additional rounds of volatility into the market, backing great companies for the long haul remains one of the best paths to generating strong investment returns. With some promising companies still trading at significant discounts compared to previous highs, read on to see why two Motley Fool contributors think that Tesla (NASDAQ: TSLA) and Advanced Micro Devices (NASDAQ: AMD) stand out as smart long-term investment plays right now. Lee Samaha (Tesla): Tesla stock trades down about 22% in 2025 and down about 33% from its all-time high. It hasn't been an easy year for the company or its CEO, Elon Musk, with ongoing relatively high interest rates curtailing car sales overall, and Tesla appearing to lose some ground to its rival electric vehicle (EV) manufacturers. Meanwhile, Musk's political involvements have likely caused some brand damage, and the Cybertruck has proven to be a disappointment. That said, there's an odd logic to the market's reaction to these events. The investment case for Tesla has never been purely based on it as an EV manufacturer. Instead, the main value in the company lies in its potential to generate a massive stream of long-term recurring revenue from robotaxis, possibly on a ride-per-mile basis, as well as selling unsupervised, full self-driving (FSD) software. The good news is Tesla plans to launch its robotaxi service, albeit on a small scale, in Austin, Texas, on June 22. Naturally, Tesla's position as the leading EV company (and manufacturer of the best-selling vehicle in the world, the Model Y, and potentially the manufacturer of a low-cost dedicated robotaxi, the Cybercab) gives it a significant advantage in a market where competitors like Ford Motor Company and General Motors have unfulfilled ambitions. Indeed, there is a reason why leading automakers and technology companies have invested billions in developing commercially viable robotaxis. Tesla is a speculative investment, with a significant portion of its stock price tied to the success of robotaxis and its FSD capabilities. It's a risky stock, not least because there are no guarantees surrounding its fledgling robotaxi service. However, if Tesla can demonstrate a successful launch of its robotaxi service, then there's plenty of upside potential for enterprising investors. (Advanced Micro Devices): The artificial intelligence (AI) revolution is the most important trend in the tech industry. Thus far, Nvidia is the one company that stands out as the clear, undisputed champion in the AI hardware space. That looks like it could continue to be the case for the foreseeable future, but it doesn't mean that other players won't be able to score some significant victories in the category. Like Nvidia, AMD is a designer of graphics processing units (GPUs) that can be used for training artificial intelligence models and running AI inference applications. Nvidia's GPUs are the clear-cut favorites among business customers seeking ultra-high-end performance, and AMD is currently a distant second place in the category. But crucially, there's a good chance that AMD's prospects in the AI space do not hinge entirely on unseating its rival when it comes to delivering bleeding-edge GPU and AI accelerator performance. As the AI market continues to expand, there will likely be a market for a wider range of suitable hardware -- and AMD looks poised to score wins as this trend unfolds. Even better, the company delivered some great news for investors at its recent "Advancing AI 2025" conference. In addition to unveiling new advanced AI servers for the data center market, the company indicated that it's making some big leaps forward with its related software support systems. OpenAI announced that it will be using AMD's chips, and Amazon could also be moving to adopt the company's processors for its data centers. In general, it looks like the market for AI GPUs and accelerators will be able to support more than one winner. While Nvidia is poised to retain leadership in the market, AMD appears to have solid second-place positioning -- and it could be in the early stages of benefiting from the broadening artificial intelligence hardware market. Despite a recent rally powered by excitement surrounding AMD's new AI chips, the company's share price is still down roughly 40% and looks like a smart buy. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $377,293!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $37,319!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $659,171!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Keith Noonan has no position in any of the stocks mentioned. Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Nvidia, and Tesla. The Motley Fool recommends General Motors. The Motley Fool has a disclosure policy. 2 Stocks Down 34% and 40% to Buy Right Now was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
33 minutes ago
- Yahoo
Tesla plans $8 billion U.S. investment this fiscal year
-- Tesla (NASDAQ:TSLA) announced plans to invest approximately $8 billion in United States infrastructure and manufacturing during the current fiscal year, according to a post on X on late Friday. The electric vehicle manufacturer revealed it has already invested around $44 billion in capital expenditures in the US since the company's founding. Tesla noted that in the previous fiscal year alone, it made approximately $10 billion in capital expenditures. "Tesla has been focused on investing in manufacturing and infrastructure in the US since our inception and till the beginning of the year, we had invested ~$44B of capital expenditures. Just in the last fiscal year alone, we did ~$10B of capital expenditure and plan to invest another ~$8B this fiscal year," the company stated in its social media post. Related articles Tesla plans $8 billion U.S. investment this fiscal year Meet the nine private humanoid robot firms shaping the future stocks of the week Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
40 minutes ago
- Yahoo
Daniel Ricciardo Comes Out of ‘Retirement' to Launch a Business in Texas
Daniel Ricciardo Comes Out of 'Retirement' to Launch a Business in Texas originally appeared on Athlon Sports. Daniel Ricciardo is back but not in the way you'd expect. The Formula 1 fan favorite has traded the paddock for the parking lot, launching a bold new business venture: Dabble Dan's Tailgate Party in Austin, Texas. Advertisement Partnering with Australian betting company Dabble, Ricciardo is fronting a unique competition that will fly one lucky winner and a guest from any major UK airport to the United States for a full-blown American football weekend in September. The prize includes flights, three nights' accommodation, VIP tickets to the tailgate party, and a personal meet-and-greet with Ricciardo himself. 'I've given retirement a crack, but it's not for me,' Ricciardo announced on Instagram. 'So, I've teamed up with the legends at Dabble to start a tailgate business… Check it out at Daniel Ricciardo before the F1 Miami Grand Casey-Imagn Images In a video on the website, Ricciardo explained: 'Bit of golf, a bit of gardening, caught up on sleep… but then I got that itch. I missed the buzz. The energy, That's when it hit me—it was time I chased my true passion.' Advertisement The new project comes months after Ricciardo was officially dropped from F1 following the 2024 Singapore Grand Prix. His last stint with Racing Bulls (formerly AlphaTauri) failed to reignite his racing career after a challenging run with McLaren and a year as Red Bull's reserve driver. Whether this signals a permanent shift away from racing or just another Ricciardo-style detour remains to be seen. But one thing is clear—retirement for Dan isn't about slowing down. It's about firing up the grill, turning up the music, and turning parking lots into party zones. Related: Lewis Hamilton's Brutal Handicap Exposed as Ferrari Struggles Mount This story was originally reported by Athlon Sports on Jun 21, 2025, where it first appeared.
