Tesla, Robotaxi
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Tesla sent robotaxi users a new terms-of-service agreement detailing its planned launch in California's Bay Area, Business Insider reported citing a screenshot of the notification sent to users on Saturday.
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Investor's Business Daily on MSNDow Jones Futures Rise On Trump-EU Trade Deal; Tesla 'Robotaxis,' Earnings Wave In FocusDow Jones futures rose modestly Sunday night, along with S&P 500 futures and Nasdaq futures. The U.S. and European Union reached a trade deal Sunday while a China trade truce reportedly will be extended.
The company said its timeline for Robotaxi launch had been moved up and the service could launch as soon as Friday.
Tesla doesn't have the permits to run an autonomous vehicle taxi in California, but probably nothing stops a driver-assist based taxi.
The decline in EV sales is a reflection of a backlash against Tesla's brand. The company is also expected to struggle over the next few quarters due to the elimination of the EV tax credit and a change in other federal policies that supported EV adoption. The company also faces a $300 million effect from tariffs.
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Tesla Announced Human-Assisted Robotaxi Launch in San Francisco — But State Regulators Say Otherwise
The electric carmaker appears to be both-sides-ing its impending launch, telling regulators it will have human drivers on board while touting the project as ‘robotaxis’ to investors.
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The Tesla CEO said the company expects to expand their autonomous driver service to include customer-owned cars.
Tesla also faces challenges with its robotaxi offering, but it's well positioned, provided it can demonstrate safety and efficacy. Funnily enough, it could be argued that Tesla (NASDAQ: TSLA) isn't really a pure EV company either.