The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Editor's Pick

Elon Musk confirms Tesla Robotaxi pilot launching in Austin on June 22

by
June 20, 2025
in Editor's Pick
0
Elon Musk confirms Tesla Robotaxi pilot launching in Austin on June 22
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The long-anticipated Tesla robotaxi project is set to begin a limited rollout in Austin, Texas on 22 June.

The pilot will deploy 10 vehicles equipped with the company’s Full Self-Driving (FSD) software, marking the first time Tesla will offer autonomous rides to select users in a controlled urban environment.

The move aligns with Elon Musk’s earlier confirmation in May about launching the robotaxi programme this month, ahead of broader deployments in Los Angeles and San Francisco.

The first driverless journey is expected to occur on 28 June—Musk’s birthday—with initial operations constrained to a geofenced zone within Austin.

Tesla has opted to use modified Model Y vehicles rather than the CyberCab, which was unveiled in October but has not yet been integrated into this launch phase.

Access to the service will be limited and by invitation only, with a small group of influencers and stakeholders invited to experience early rides.

Tesla targets $2 trillion valuation from autonomous push

Elon Musk has been vocal about his vision for a driverless future since at least 2019, when he projected robotaxi launches by 2020.

That prediction fell short, but Tesla now appears closer than ever to delivering a commercial autonomous service.

Analysts, including Wedbush Securities’ Dan Ives, view the robotaxi debut as pivotal to Tesla’s long-term valuation, suggesting the company could surpass a $2 trillion market cap by the end of 2026.

According to Ives, Tesla’s scale gives it a global advantage in the autonomous sector, with the potential to not only lead in self-driving transport but also license its FSD technology to other automakers.

The company has not yet confirmed if licensing deals are on the horizon, but the Austin launch may serve as a test case for evaluating the reliability and scalability of Tesla’s system.

Safety concerns rise after demonstration test fails

Despite the excitement, public safety concerns are mounting.

Earlier this month, a group known as The Dawn Project, which campaigns for safer tech implementation, conducted a demonstration involving a Tesla Model Y using FSD software.

In the test, the car reportedly failed to stop for a stationary school bus and struck a child-sized mannequin, highlighting concerns over real-world performance of autonomous features.

The Dawn Project is led by Dan O’Dowd, founder of Green Hills Software, a company that supplies safety technology to Tesla’s competitors.

While some have questioned the motivations behind the campaign, the incident has nonetheless intensified calls for stricter scrutiny.

Tesla’s FSD and FSD Supervised systems have been linked by NHTSA to numerous accidents and fatalities, but debate remains over how much fault lies with the software versus human drivers. 

Investigations have found that driver inattention, combined with system limitations, contributed to these incidents

Texas lawmakers urge Tesla to delay launch to 1 September

The regulatory environment in Texas presents additional complications.

A group of Democratic lawmakers recently sent a letter to Tesla requesting that the robotaxi launch be postponed until 1 September.

That date coincides with the introduction of a new state law governing autonomous vehicles.

In the letter addressed to Tesla’s field quality director, the lawmakers cited public safety and regulatory compliance as their primary concerns.

They asked the company to provide detailed documentation demonstrating how it plans to adhere to the new legal requirements, should it proceed with the planned launch.

Tesla has not formally responded to the letter, but the company’s track record of pushing forward despite resistance suggests the launch will likely go ahead as planned.

Public protests have already taken place in Austin, and further demonstrations could coincide with the debut of the service on 22 June.

The post Elon Musk confirms Tesla Robotaxi pilot launching in Austin on June 22 appeared first on Invezz

Previous Post

‘No basis in reality’: Expert turns tables on key Democrat claim against Trump’s ‘big, beautiful bill’

Next Post

XRP price stuck under $3: can it finally break through?

Next Post
XRP price stuck under $3: can it finally break through?

XRP price stuck under $3: can it finally break through?

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    European diplomats urge Iran to continue US nuclear talks in first face-to-face since strikes started

    European diplomats urge Iran to continue US nuclear talks in first face-to-face since strikes started

    June 20, 2025
    As Iran talks get underway, expert raises alarm over lack of plan to secure nuclear material

    As Iran talks get underway, expert raises alarm over lack of plan to secure nuclear material

    June 20, 2025
    Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

    Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

    June 20, 2025
    Four plead guilty in massive bribery scheme at agency Democrats fought to protect from DOGE

    Four plead guilty in massive bribery scheme at agency Democrats fought to protect from DOGE

    June 20, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved