Latest news with #ModelY
Yahoo
an hour ago
- Automotive
- Yahoo
TSLA: Tesla Robotaxi Push Could Be a $1 Trillion Game-Changer
June 20 - Tesla (NASDAQ:TSLA) is set to launch its robotaxi operations in Austin this Sunday, with about 20 Model Y vehicles operating in a designated area, Wedbush mentioned in a Friday note. The firm called the move a key milestone that could define Tesla's next phase, estimating the autonomous unit alone could eventually add $1 trillion to the electric carmaker's valuation. Wedbush maintained its Outperform rating and $500 price target, citing Tesla's global reach and progress in artificial intelligence and driverless technology. The firm expects Tesla to scale the service to roughly 25 U.S. cities within a year and sees potential policy support ahead. Analysts said a Trump presidency could accelerate regulatory clearance for full self-driving systems. Tesla plans to begin production of its dedicated robotaxi model, the Cybercab, sometime next year, the note added. Wedbush believes Tesla's roadmap on autonomy and robotics will unfold gradually, saying, Rome wasn't built in a day. In a bull case, the firm sees Tesla reaching a $2 trillion market cap by the end of 2026. This article first appeared on GuruFocus.
Time of India
an hour ago
- Automotive
- Time of India
Elon Musk faces pushback as Texas lawmakers urge delay of Tesla robotaxi launch
Elon Musk 's ambitious plans to launch Tesla 's robotaxi service in Austin this month have hit political resistance. A group of Democratic lawmakers from the Austin area has formally requested the company to delay the rollout until September, when new autonomous vehicle regulations are set to take effect in Texas. The lawmakers argue that waiting for the legislation to kick in would better serve public safety and help build trust in Tesla's self-driving technology . While Musk hinted at a tentative launch this Sunday, the lack of details has raised concerns about oversight and preparedness. Lawmakers cite safety and public trust concerns In a letter sent to Tesla on Wednesday, the group of Austin-based Democratic lawmakers urged the company to hold off until the new autonomous vehicle law comes into effect. They warned that an early launch could undermine public trust and compromise safety, especially without clear protocols in place. They asked Tesla to provide a detailed explanation of how it intends to comply with the upcoming legislation if it proceeds with the rollout as planned. What the new Texas law entails Currently, Texas allows autonomous vehicles to operate statewide, provided they meet basic registration and insurance requirements. The new law passed by the legislature which is expected to take effect in September, will require companies like Tesla to seek formal authorisation before launching driverless services . The law also grants state authorities the power to revoke permits if the vehicles are deemed a public danger, and mandates companies to provide emergency guidance for police and first responders. Tesla's quiet approach about the launch Tesla and Musk have so far offered limited details about the Austin robotaxi launch. Musk said it would begin with 10 to 20 Model Y vehicles operating in 'the safest' parts of the city, but has not revealed who the initial riders would be, how the service would be priced, or how remote monitoring would be handled. This opacity has added to the lawmakers' concerns and fuelled debate over whether the rollout is premature. High stakes for Tesla's future Musk has placed the future of Tesla heavily on its autonomous driving technologies, shifting focus from traditional EV sales to robotaxis and humanoid robots. Investors and analysts view the upcoming robotaxi rollout in Austin as a crucial step. The pushback from lawmakers, however, highlights the regulatory hurdles that could slow Tesla's momentum in a space already fraught with scrutiny. Will Tesla comply or proceed? It remains uncertain how Tesla will respond. While the lawmakers' letter carries political weight in Austin, Texas is a Republican-led state, and the new law has yet to be signed by the governor. Whether Tesla proceeds with the launch or chooses to delay voluntarily could shape both its public image and regulatory relationships moving forward.
The Hindu
2 hours ago
- Automotive
- The Hindu
Tesla invites select few to Texas robotaxi trial with front seat safety monitors
Tesla has sent out invitations to a small group of people to join the limited test of its robotaxi service in Austin, Texas, which is tentatively set to start on Sunday, according to posts and email screenshots on social media. The invitations said a Tesla employee will accompany riders in the front passenger seat, the posts showed. A successful trial in Austin will be crucial for Tesla, as car buyers shun the company following its CEO Elon Musk's embrace of hard-right politics in the U.S. and worldwide. The company has shifted from building a cheaper EV platform to robotics and artificial intelligence. Much of the company's valuation rests on that bet. Musk has said he will focus on safety in the trial, with humans remotely monitoring the vehicles. He has said he expects to be able to scale the robotaxi quickly. Tesla plans to deploy around 10 Model Y SUVs that run on a version of Tesla's full self-driving driver assistance software, Musk has said. The start could be delayed and the service might be limited or unavailable in bad weather. Riders have to be aged 18 or above to take a ride. "Tesla is rolling out the Robotaxi service extremely cautiously, which is good. Baby steps," posted Omar Qazi, an user with 635,100 followers who posts often about Tesla using the handle @WholeMarsBlog and received an invite. "Very much so," CEO Elon Musk responded. But commercialising autonomous vehicles is an expensive, risky process. Tesla and others such as Alphabet's Waymo and Amazon's Zoox have faced federal investigations and recalls following collisions. Industry experts have questioned the efficacy of Tesla's self-driving technology that depends mostly on cameras and AI, without redundant sensors such as lidar and radar, claiming fog, heavy rain, and glaring sunlight can hamper safety. On Wednesday, a group of Democratic lawmakers from the Austin area called on the company to delay the rollout until September, when a new state law governing autonomous vehicles takes effect. Users who confirm their presence in Austin can download Tesla's Robotaxi app, which they use to call a vehicle. "Through this exclusive preview, you'll have the opportunity to provide valuable feedback on our Robotaxi service," one of the screenshots showed. Reuters could not immediately verify the authenticity of the screenshots.
NDTV
3 hours ago
- Automotive
- NDTV
Tesla's First India Showroom To Open In Mumbai This July: Report
Tesla, the US-based electric vehicle manufacturer, is set to open its first showroom in India in July. This marks an important step for the company as it begins its formal operations in the Indian market, bringing us closer to seeing their cars on the roads. This move is crucial for Tesla, as India is the world's third-largest car market. The brand's presence in India could significantly boost its sales, especially considering the declining sales in Europe and China. As per Bloomberg's report, Tesla will launch the Model Y with a rear-wheel drive configuration in the Indian market. Supporting the claim is the fact that this model has been spied testing in the country on different occasions. The report suggests that this EV will be imported from Tesla's China factory. Bloomberg News claims that the information came from people closely associated with the matter and asked not to be identified. Also Read: Mahindra Scorpio N Likely To Get ADAS, Panoramic Sunroof Soon The first showroom to be opened in Mumbai in July will be followed by the expansion of operations with a new showroom in New Delhi, the report claims. The dealerships have also imported supercharger components, car accessories, spares, and merchandise from China, the US, and the Netherlands. Tesla's entry into India follows several years of delays caused by disputes over import taxes and requirements for local production. The breakthrough occurred after a meeting between Elon Musk and Prime Minister Narendra Modi in the United States in February of this year. The Tesla Model Y will reportedly go on sale for over $56,000 (around Rs 48.48 lakh) without taxes. However, the final prices might vary, considering the brand's position in the market and its margins. If the car enters the market with a high price tag, it might have an effect on the sales of the automaker.
Time of India
3 hours ago
- Automotive
- Time of India
Elon Musk faces pushback as Texas lawmakers urge delay of Tesla robotaxi launch
Elon Musk 's ambitious plans to launch Tesla 's robotaxi service in Austin this month have hit political resistance. A group of Democratic lawmakers from the Austin area has formally requested the company to delay the rollout until September, when new autonomous vehicle regulations are set to take effect in Texas. The lawmakers argue that waiting for the legislation to kick in would better serve public safety and help build trust in Tesla's self-driving technology . While Musk hinted at a tentative launch this Sunday, the lack of details has raised concerns about oversight and preparedness. Lawmakers cite safety and public trust concerns In a letter sent to Tesla on Wednesday, the group of Austin-based Democratic lawmakers urged the company to hold off until the new autonomous vehicle law comes into effect. They warned that an early launch could undermine public trust and compromise safety, especially without clear protocols in place. They asked Tesla to provide a detailed explanation of how it intends to comply with the upcoming legislation if it proceeds with the rollout as planned. What the new Texas law entails by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Currently, Texas allows autonomous vehicles to operate statewide, provided they meet basic registration and insurance requirements. The new law passed by the legislature which is expected to take effect in September, will require companies like Tesla to seek formal authorisation before launching driverless services . The law also grants state authorities the power to revoke permits if the vehicles are deemed a public danger, and mandates companies to provide emergency guidance for police and first responders. Tesla's quiet approach about the launch Tesla and Musk have so far offered limited details about the Austin robotaxi launch. Musk said it would begin with 10 to 20 Model Y vehicles operating in 'the safest' parts of the city, but has not revealed who the initial riders would be, how the service would be priced, or how remote monitoring would be handled. This opacity has added to the lawmakers' concerns and fuelled debate over whether the rollout is premature. High stakes for Tesla's future Musk has placed the future of Tesla heavily on its autonomous driving technologies, shifting focus from traditional EV sales to robotaxis and humanoid robots. Investors and analysts view the upcoming robotaxi rollout in Austin as a crucial step. The pushback from lawmakers, however, highlights the regulatory hurdles that could slow Tesla's momentum in a space already fraught with scrutiny. Will Tesla comply or proceed? It remains uncertain how Tesla will respond. While the lawmakers' letter carries political weight in Austin, Texas is a Republican-led state, and the new law has yet to be signed by the governor. Whether Tesla proceeds with the launch or chooses to delay voluntarily could shape both its public image and regulatory relationships moving forward. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
