Tesla (NASDAQ:TSLA) is set to open its Austin robotaxi service to the public in September, CEO Elon Musk announced on social media. The move follows an invite-only phase that began in June with a small fleet of driverless cars and a limited user base.
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The company has locked in all the necessary permits to operate statewide in Texas, with approval from the Texas Department of Licensing and Regulation. It will run as a licensed Transportation Network Company through August 2026.
Guggenheim's Ronald Jewsikow called the timing earlier than expected and a sign Tesla is confident in both the tech and the feedback from early riders. He said the expanded full self-driving model could bolster the bull case for Tesla's fleet eventually transitioning into robotaxis. While safety drivers will still be in place and no date has been given for their removal, he doesn't see that dampening investor enthusiasm.
Tesla shares have climbed 7.5% in the past six weeks but remain more than 30% below their 52-week high. The EV maker's market cap sits at $1.09T, ranking it the 10th largest U.S. company.
This article first appeared on GuruFocus.
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Tesla To Open Austin Robotaxi Service In September
Published 2 months ago
Aug 13, 2025 at 12:11 AM
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