Tesla (TSLA) Draws Wall Street Attention on Driverless Testing in Austin [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
Firm analysts noted Tesla's commencement and progress on robotaxi testing without safety monitors in Austin, maintaining their cautious stance amid competitive and execution risks. According to several posts on X by key Tesla executives, the automaker has begun testing robotaxi rides in Austin without safety monitors. This marks a major step for Tesla in the development of its autonomous technology. david-von-diemar-ZBWn5DvO0hg-unsplash The firm noted how this testing aligns with the company's previously stated plans of launching its ridehail service with robotaxi technology in 8-10 metropolitan areas by the end of the year. It also aimed to have the safety observer out by year-end in Austin. According to Goldman Sachs, the removal of monitors for testing is a big step forward that Tesla is making with its autonomous technology. Investors will now be keeping an eye on how fast the company can scale its driverless operations and how profitable these services can be. "We also
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