U wait for a Tesla Robo Taxi ride is almost over, Musk says

Copyright © HT Digital Streams Limit all rights reserved. Ai Root, Barrons 2 min read Aug. 18, 2025, 06:37 AM IST which traded on Monday, Tesla share was down by about 18% this year, but over the past 12 months about 53% higher than 53%. Much of the profit can be pinned to investor hope on self -driving cars. ((Dreamstime)) Summary Tesla’s Robo Taxi offer in Austin, Texas, should expand in September. The guard to try Tesla’s Robo Taxi service for most Austin, Texas residents, not to mention investors and reporters, is almost over. Tesla CEO Elon Musk recently tweeted that his company’s Robo taxis would be ‘open access’ next month. It’s September. So, everyone who wants to try the offer and compares it to Alphabet’s Waymo self-managing taxi operation should be able to do so within two to six weeks. Tesla launched its self -managing taxis in Austin eight weeks ago. It was a modest introduction with a handful of Tesla model ice that transported Tesla-selected passengers around a limited part of Austin with a safety monitor in the front passenger seat. The car was still driving, and Tesla slowly expanded Austin’s area served by its self -managed cars. But Tesla has not yet opened the service to someone who was willing to try it. This will apparently change soon. There must be additional software upgrades by September. Tesla’s robo taxis essentially runs with the help of the company’s complete self-management, or FSD, software. The AI-trained product improves-it is, it is a little better-with each new iteration. “The FSD release in about 6 weeks will be a dramatic profit,” Musk added in a tweet of August 10. “It’s going through training and testing now.” Tesla’s self-management systems use optical cameras and FSD software. Waymo, which completes more than 250,000 fully autonomous taxi rides each week, uses radar, laser-based radar, or lidar and cameras, along with advanced software. Waymo is now the much larger self-managing taxi service, but Tesla bets on its simpler, cheaper camera technology and manufacturing scale will make it the self-managing leader. In essence, any Tesla that recently produces the latest FSD software can become a Robo taxi, and Tesla can make millions of cars a year. Winning in self -driving cars is a big issue for both businesses and everyone who designs self -managing cars. Wall Street pastes the opportunity for AI-trained rit hook services in the trillions of dollars. The company’s AI projects, including humanoid robots and self-management technology, are for many analysts who are Bullish on Tesla shares, up to 75% of the total valuation of the business. Tesla is valued at about $ 1 trillion. Tesla shares closed at $ 322.16 the day before it launched the Robo taxis on June 22. It closed at $ 328.54 on Friday, a little over $ 6 a share. Investors may be waiting to see extra progress before offering shares higher. Musk, as always, has big plans. “I think we will probably have autonomous ride in half of the US population by the end of the year,” Musk said in July about Tesla’s second quarter revenue conference. ‘At least that is our purpose, subject to regulatory approvals. I think we will be able to do this technically … but we are very, very careful. We don’t want to take any chances. ‘ Austin represents only a small fraction of the American population. Getting to 50% within a few months would be an impressive achievement. Catch all the corporate news and updates on live currency. Download the Mint News app to get daily market updates and live business news. More Topics #elon Musk Read Next Story