Latest news with #TeslaRobotaxi
Yahoo
13-06-2025
- Automotive
- Yahoo
Tesla analyst makes surprise move on stock ahead of Robotaxi debut
Tesla analyst makes surprise move on stock ahead of Robotaxi debut originally appeared on TheStreet. Maybe Elon Musk should make a stop in Paris. The Tesla () chief executive and former head of the Department of Government Efficiency has been on what analysts have described as an apology tour after his much-publicized falling out with President Donald Trump. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 Musk said on his X social-media platform that he regretted some of his posts about Trump, saying "they went too far." Yeah, you could probably say that, seeing as how Musk said Trump's One Big Beautiful budget bill was a "disgusting abomination"; called for Trump to be impeached; said the president wouldn't have been elected without him; and implied that Trump's name was in Justice Department files regarding the convicted pedophile Jeffrey Epstein. In response, Trump said Musk had "lost his mind." The president threatened to cancel Musk's government contracts, which have been valued at roughly $38 billion. Musk reportedly called Trump and deleted some of his nastier posts, including the impeachment comment and the Epstein accusation. Meanwhile, a coalition of 10 Tesla owners in France is suing Tesla over Musk's former role in the White House and support of the far right in Europe, Politico reported. "They don't want to be associated anymore with Tesla or personified by Elon Musk and his recent political stances," said Ivan Terel, a partner for GKA, a Paris law firm representing the owners. GKA filed the suit in the Paris Commercial Court on Wednesday, seeking to have the vehicle leases voided and for its clients to be repaid the original cost of ownership, plus other damages. Tesla sales have tumbled across Europe after Musk spoke at a rally for the far-right Alternative for Germany (AfD) party in January, telling the crowd it was time for Germany to "move on" from its Nazi past. The remarks sparked calls to boycott the EV is all going on as Tesla gets ready to launch the long-awaited Robotaxi, the company's autonomous ride-hailing service, which Musk said is slated tentatively to begin on June 22. A Tesla Robotaxi has been spotted on Austin streets, according to a video posted on X and reshared by Musk, according to NBC News. The 10-second video showed the Tesla slowly turning left off an avenue in the state capital, as two pedestrians walk in a crosswalk just ahead. No one appeared to be in the driver's seat, but someone appeared to be in the front passenger's seat, while the rear windows were tinted, NBC said. Tesla stock has been climbing recently after Musk buried the hatchet with Trump. The company's shares are down about 19% year-to-date but up about 91% from this time in 2024. At last check on June 12 the shares were trading around $326. Investment firms have been issuing research notes on Tesla, including Piper Sandler analyst Alexander Potter. He affirmed an overweight rating with a $400 price target on the company and contended that the stock will likely sustain its upward momentum over the coming warns, however, that any high-profile robotaxi accidents would likely be met with "violent downside," according to The Fly. Wells Fargo said most of Tesla's May delivery results are now public. It noted that global deliveries once again were trending meaningfully weaker, with May trending 23% lower from a year earlier and second-quarter-to-date trending down 21%. The investment firm rates the shares underweight with a price target of $120. And JP Morgan analyst Ryan Brinkman recommended selling Tesla shares and buying stock in auto-supply companies Aptiv () and BorgWarner () . The JP Morgan analyst said he saw an opportunity in U.S. auto-supplier shares. He said they have underperformed those of the U.S. automakers since the Trump administration unveiled its tariff policy. That market weakness came even though headwinds from the Trump administration's tariffs and other regulatory changes appeared "much more benign for suppliers than for automakers," Brinkman wrote. Tesla and electric-vehicle maker Rivian () are less affected by tariffs than General Motors () and Ford () are, Brinkman said. But he also warned that planned legislative cuts to electric-vehicle subsidies could cut substantially into both EV makers' profits. Such subsidy cuts have been advancing in Congress alongside the president's actions on tariffs and subsequent trade negotiations, the analyst analyst makes surprise move on stock ahead of Robotaxi debut first appeared on TheStreet on Jun 12, 2025 This story was originally reported by TheStreet on Jun 12, 2025, where it first appeared. 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
Miami Herald
12-06-2025
- Automotive
- Miami Herald
Tesla analyst makes surprise move on stock ahead of Robotaxi debut
Maybe Elon Musk should make a stop in Paris. The Tesla (TSLA) chief executive and former head of the Department of Government Efficiency has been on what analysts have described as an apology tour after his much-publicized falling out with President Donald Trump. Don't miss the move: Subscribe to TheStreet's free daily newsletter Musk said on his X social-media platform that he regretted some of his posts about Trump, saying "they went too far." Yeah, you could probably say that, seeing as how Musk said Trump's One Big Beautiful budget bill was a "disgusting abomination"; called for Trump to be impeached; said the president wouldn't have been elected without him; and implied that Trump's name was in Justice Department files regarding the convicted pedophile Jeffrey Epstein. In response, Trump said Musk had "lost his mind." The president threatened to cancel Musk's government contracts, which have been valued at roughly $38 billion. Musk reportedly called Trump and deleted some of his nastier posts, including the impeachment comment and the Epstein a coalition of 10 Tesla owners in France is suing Tesla over Musk's former role in the White House and support of the far right in Europe, Politico reported. "They don't want to be associated anymore with Tesla or personified by Elon Musk and his recent political stances," said Ivan Terel, a partner for GKA, a Paris law firm representing the owners. GKA filed the suit in the Paris Commercial Court on Wednesday, seeking to have the vehicle leases voided and for its clients to be repaid the original cost of ownership, plus other damages. Tesla sales have tumbled across Europe after Musk spoke at a rally for the far-right Alternative for Germany (AfD) party in January, telling the crowd it was time for Germany to "move on" from its Nazi past. The remarks sparked calls to boycott the EV brand. Related: Analysts turns heads with surprise Tesla rating ahead of Robotaxi launch This is all going on as Tesla gets ready to launch the long-awaited Robotaxi, the company's autonomous ride-hailing service, which Musk said is slated tentatively to begin on June 22. A Tesla Robotaxi has been spotted on Austin streets, according to a video posted on X and reshared by Musk, according to NBC News. The 10-second video showed the Tesla slowly turning left off an avenue in the state capital, as two pedestrians walk in a crosswalk just ahead. No one appeared to be in the driver's seat, but someone appeared to be in the front passenger's seat, while the rear windows were tinted, NBC said. Tesla stock has been climbing recently after Musk buried the hatchet with Trump. The company's shares are down about 19% year-to-date but up about 91% from this time in 2024. At last check on June 12 the shares were trading around $326. Investment firms have been issuing research notes on Tesla, including Piper Sandler analyst Alexander Potter. He affirmed an overweight rating with a $400 price target on the company and contended that the stock will likely sustain its upward momentum over the coming weeks. Related: Tesla faces new challenge as leader announces exit Piper warns, however, that any high-profile robotaxi accidents would likely be met with "violent downside," according to The Fly. Wells Fargo said most of Tesla's May delivery results are now public. It noted that global deliveries once again were trending meaningfully weaker, with May trending 23% lower from a year earlier and second-quarter-to-date trending down 21%. The investment firm rates the shares underweight with a price target of $120. And JP Morgan analyst Ryan Brinkman recommended selling Tesla shares and buying stock in auto-supply companies Aptiv (APTV) and BorgWarner (BWA) . The JP Morgan analyst said he saw an opportunity in U.S. auto-supplier shares. He said they have underperformed those of the U.S. automakers since the Trump administration unveiled its tariff policy. That market weakness came even though headwinds from the Trump administration's tariffs and other regulatory changes appeared "much more benign for suppliers than for automakers," Brinkman wrote. Tesla and electric-vehicle maker Rivian (RIVN) are less affected by tariffs than General Motors (GM) and Ford (F) are, Brinkman said. But he also warned that planned legislative cuts to electric-vehicle subsidies could cut substantially into both EV makers' profits. Such subsidy cuts have been advancing in Congress alongside the president's actions on tariffs and subsequent trade negotiations, the analyst said. Related: Fund-management veteran skips emotion in investment strategy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
10-06-2025
- Automotive
- Yahoo
Tesla announces launch date for game-changing new service: 'That's how progress works'
Tesla could be launching its robotaxi service in Austin, Texas, in a matter of days after the automaker tested its self-driving Model Ys ahead of schedule. According to Bloomberg, Tesla is eyeing Thursday as the official launch date — with several caveats. For one, that timeline could still change. Secondly, only 10 self-driving electric vehicles will be in operation, with Teslarati reporting riders will need an invite from the company. If realized, Tesla's robotaxi could be a major win for a brand reinventing itself around driverless vehicles and artificial intelligence. The company has found itself on bumpy roads at the outset of 2025, with plummeting stocks and a 13% year-over-year dip in EV deliveries in the first quarter of the year. While a growing number of automakers are entering the lucrative electric vehicle market, giving consumers more options than ever when choosing an EV, CEO Elon Musk's polarizing involvement in politics did the brand no favors and contributed to the decline. As for the robotaxi, several media reports suggested that Tesla hadn't begun testing it at all, as Teslarati noted, causing a flurry of speculation that a June launch was another one of the company's pipe dreams. However, at the end of May, Bloomberg reported that a Tesla robotaxi had completed its first test run on public roads without someone in the driver's seat. Tesla didn't respond to the publication's request for comment, but on May 28, Musk said on the social platform X that Tesla had been testing for multiple days. When it launches, Tesla won't have the first autonomous taxi service in Austin. Waymo, which completes around 250,000 self-driving rides each week across multiple cities, tested a prototype in Austin in 2015 and began a limited rollout of its self-driving service in the city in March 2024 before opening it to the public. Critics of Tesla's robotaxi worry that a June launch may be premature, as the automaker has well-documented struggles with its autonomous driving features. Recently, a pair of Business Insider writers had their Tesla robotaxi proceed through a red light in San Francisco. If those reported issues are addressed, though, having more EVs on the roadways would be a positive development, contributing to healthier air quality, as they don't release heat-trapping, asthma-linked pollution when driven the way gas-powered vehicles do. EV drivers also report significant savings on energy and maintenance. Many are maximizing their savings by installing solar panels, which are cheaper to use than relying on public charging stations or the grid. EnergySage can save homeowners up to $10,000 in installation costs. Would you ride in a self-driving Tesla Robotaxi? Heck yes Probably Not anytime soon No way Click your choice to see results and speak your mind. However, if you're not ready to invest in a system, Palmetto's LightReach solar panel leasing program is another way to tap into the benefits of solar. Its no-money-down plans will lock you into a low monthly rate, protecting you against volatile pricing associated with dirty fuels. Meanwhile, commenters on the Teslarati article had mixed reactions to the robotaxi launch. "They've only tried to run without safety driver for a few days," one person wrote. "If FSD [Full Self-Driving] is really so great, why did it take so long for them to even dare trying this so late, and months after having hundreds of cars roaming around Austin with safety drivers?" "That's how progress works. Lots of minor steps to the end goal," another suggested. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
TechCrunch
02-06-2025
- Automotive
- TechCrunch
Tesla files new ‘Robotaxi' trademark applications after prior attempt stalls
Tesla has filed trademark applications for the term 'Tesla Robotaxi,' after the company's previous attempts to secure trademarks for its planned self-driving vehicle service hit roadblocks. The company originally applied in October 2024 for the trademark of the words 'Robotaxi' and 'Cybercab.' The United States Patent and Trademark Office (USPTO) told the company last month it needed more detail in order to allow a trademark for 'Robotaxi,' a term that is used by a number of other companies like Waymo, as TechCrunch first reported last month. The USPTO halted Tesla's application for 'Cybercab' outright due to the number of other companies trying to trademark various uses of the term 'Cyber.' Tesla submitted the three new applications for the more specific 'Tesla Robotaxi' phrase as it looks to begin testing in Austin, Texas later this month. It's looking to attain the trademarks to be used in reference to Tesla's planned autonomous ride-hailing service, the related mobile app, and the vehicles themselves. It's unlikely the applications will be reviewed in time for that test; trademark applications typically sit for months before they are assigned to an 'examiner.' Tesla also has applications pending for trademarks on the phrases 'Robobus,' 'Robus,' and 'Cyberbus,' presumably for the van-like concept vehicle it showed off last October when it revealed the Cybercab prototype. During that event, CEO Elon Musk referred to that vehicle as the 'Robovan.' But Estonian robotic delivery company Starship already owns a trademark for that term.
Miami Herald
29-05-2025
- Automotive
- Miami Herald
Uber shares hit pothole ahead of Tesla Robotaxi debut
Looks like Uber (UBER) got caught in a hit-and-run. The ride-sharing company's stock got rear-ended by investors on May 29 following a Wedbush report warning about competition from electric-vehicle maker Tesla's (TSLA) very long-awaited Robotaxi, which is tentatively set for June 12. Don't miss the move: Subscribe to TheStreet's free daily newsletter Tesla CEO Elon Musk, who has been promising to deliver the Robotaxi for over a decade, gave the world update on the project's status in a May 29 post on X, formerly Twitter, the social media site he bought for $44 billion. "For the past several days, Tesla has been testing self-driving Model Y cars (no one in driver's seat) on Austin public streets with no incidents," he wrote. "A month ahead of schedule. Next month, first self-delivery from factory to customer." Wedbush, which has a neutral rating and $85 price target on Uber, believes the Tesla Robotaxi serves as a long-term threat to Uber's business model, according to The Fly. While management has executed well across mobility and delivery initiatives, the firm said, the lack of fresh catalysts coupled with shares trading at a premium to peers leaves limited upside if demand softens. The report left tread marks all over Uber's stock, with shares sliding 5.8% at last check. Other investment firms had a different view of the subject. More Tesla: Analyst sets eye-popping Tesla stock price targetFund manager has shocking Elon Musk and Tesla predictionLeaked Tesla policy should infuriate Tesla loyalists BMO Capital said that Uber's underperformance in light of the announced Robotaxi launch date was expected. The firm believes shares are oversold at current levels, given Uber continues to expand internationally with the purchase of Denmark's largest taxi company, Dantaxi; continued positive trends for AV adoption in Austin; and ongoing innovation for both Mobility and Eats. BMO reiterated an Outperform rating on "Top Pick" Uber, with a price target of $101. On May 23, Tigress Financial analyst Ivan Feinseth raised the firm's price target on Uber to $110 from $103 and kept a buy rating on the shares. Uber continues to benefit from strong ridership and delivery demand, ongoing innovation, and partnerships to drive substantial growth, the analyst said. Feinseth said he believes that autonomous vehicle opportunities will be a significant long-term upside catalyst. Related: Dara Khosrowshahi's net worth: The Uber CEO's wealth & income Uber is certainly no stranger to autonomous vehicles. In September, the company announced an expansion of its partnership with Alphabet's (GOOGL) Waymo to include Austin and Atlanta. Uber has been offering rides via Waymo in Phoenix since 2023. "Obviously, Waymo has a safety track record second to none. Consumers are loving the product," Uber CEO Dara Khosrowshahi said during the company's first-quarter earnings call in April."The team on the ground is doing a terrific job in terms of repairs and cleaning and recharging the cars, etcetera, to make sure that the Waymo's are available for rides," he said. Uber also has a partnership with Chinese autonomous vehicle company WeRide. On May 5, Uber said it would expand to 15 cities over the next five years, including some in Europe as well as the United States. Related: Uber price targets revamped as CEO unveils autonomous-vehicle expansion plans The announcement came five months after Uber's first collaboration with WeRide, where the companies launched a robotaxi service in Abu Dhabi, Uber's first international offering. Khosrowshahi said last month that Uber would "love to work with" Musk's company, according to Business Insider, and revealed that he owns a Tesla. "Great car," Khosrowshahi said. Asked if he has tried full self-driving, Khosrowshahi responded, "It is delightful, but I have to take over every once in a while. It is an absolutely great product. Again, the car is a terrific car." Musk has been dismissive of Waymo's technology, telling analysts last month that the issue with the company's cars "is it costs way more money." "The car is very expensive, made in low volume," he said during the company's earnings call. "Teslas are probably cost 25% or 20% of what a Waymo costs and made in very high volume." However, Forbes Senior Editor Alan Ohnsman said Tesla's Robotaxi "looks like a disaster waiting to happen." "Sometimes products launch when they're ready and sometimes products launch because someone just wants to put it out," he said. "In this case there is absolutely objectively no evidence that Tesla is ready for this step." Ohnsman said Musk believes that cost is the primary target for the Robotaxi, adding that "your iPhone has a better camera than what Tesla is putting on its car and your iPhone is not driving in the street and doesn't risk killing people." "I know many experts who research autonomous vehicle tech and are very concerned about this," he said. "Trying to be very low cost out of the gate for a technology you have not yet mastered doesn't really seem like the best idea, but that's where we are with what Tesla is doing." Tesla did not immediately respond to a request for comment. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
