Tesla’s long-teased robotaxi service is finally set to launch in Austin later this month. That’s been the big driver of its stock’s 46% rally since the April 22 Q1 earnings call. But now that launch month has arrived, Tesla (TSLA) shares are dipping — a classic case of investors pricing in the excitement early and taking profits once the event approaches.
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The stock was trading at $339.20 on Monday, down 2.2%. Meanwhile, the S&P 500 and Dow were relatively flat. So what gives?
TSLA Bulls Say Robotaxi Is the Future — But the Math Is Stiff
Tesla’s robotaxi dream is ambitious. AI-driven autonomous vehicles, ordered like an Uber, but with no drivers to pay. That’s what CEO Elon Musk has been promising for years. If it works, it could be Tesla’s next major revenue pillar.
Forget buzzwords — this is Tesla’s shot at turning AI into cold, hard cash.
Even if the robotaxi…
