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Elon Musk has promised that Tesla's robotaxis will be operational in Austin by June, claiming that fully autonomous vehicles will be on the roads without drivers. This announcement comes after years of similar promises, leading to skepticism among investors who question whether these goals will be met. The recent earnings report showed a slight revenue increase but a significant drop in automotive revenue and operating income, raising concerns about Tesla's future performance.
Investors are particularly focused on the need for a sub-$30,000 vehicle and the regulatory hurdles for launching Full Self-Driving (FSD) in Austin. Musk's confidence in future growth contrasts sharply with the current challenges Tesla faces, including increased R&D expenses and competition from companies like Waymo. The ongoing debate about the viability of FSD technology and its market acceptance adds to the uncertainty surrounding Tesla's ambitious plans.
• Musk promises robotaxis in Austin by June, raising investor skepticism.
• Tesla's earnings report shows declining automotive revenue amid high R&D costs.
FSD refers to Tesla's autonomous driving technology, which aims to enable fully driverless vehicles.
AI is utilized by Tesla to enhance the capabilities of its self-driving technology, relying on cameras and algorithms.
LiDAR is a technology for measuring distances using laser light, which some competitors use for autonomous driving.
Tesla is focused on developing electric vehicles and autonomous driving technology, with ambitious plans for robotaxis.
Google's Waymo is a leader in the autonomous vehicle space, already operating robotaxis in multiple cities.
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