Tesla, Elon Musk and robotaxi
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The Tesla (TSLA) chief executive and former head of the Department of Government Efficiency has been on what analysts have described as an apology tour after his much-publicized falling out with President Donald Trump.
Shares of Tesla ( TSLA) rose 3.3% in late morning trading on Tuesday and have almost fully recouped their losses from the Elon Musk-President Trump online feud last week. Have a tip? Submit confidentially to our News team. Found a factual error? Report here.
The vehicle was spotted operating on public roads in Austin, Texas, featured in a post on X. A video shared by Sawyer Merritt showed the Model Y with Tesla's new "Robotaxi" wordmark on its side and no one in the driver's seat.
Tesla stock is charging higher for a third trading session in a row as the company’s robotaxi rollout gains steam, and the war between CEO Elon Musk and President Trump cools off.
The question is whether the cost can come down to make robotaxis profitable—and competitive with Ubers, public transit, and even private cars. To fundamentally reshape urban transportation, robotaxis have to be both functional and cheap.