ROBOTAXI

Uber is moving forward with ambitious plans for autonomous vehicles and is seeking strong financial backing to accelerate expansion. CEO Dara Khosrowshahi revealed that the company is in talks with banks and private investors to raise capital for its growing robotaxi business—just as Uber released a highly optimistic Q3 outlook.

🔹 Robotaxi Strategy: Partnerships and In-House Investment

Uber already operates robotaxis in Austin and Atlanta through a partnership with Waymo (Alphabet’s self-driving unit). In July, the company signed a $300 million deal with EV maker Lucid and autonomous tech startup Nuro to deploy over 20,000 autonomous vehicles over the next six years.
Khosrowshahi said Uber’s approach combines fixed payments to partners, revenue-sharing with fleet operators, and partial vehicle ownership using third-party autonomous driving software. Once Uber proves consistent revenue from robotaxis, it plans to open up to external funding.
“Once we demonstrate it’s generating revenue, the funding will come,” Khosrowshahi stated.
The company plans to allocate a small portion of its $7 billion annual cash flow to fund initial deployment and is open to selling minority stakes in its autonomous division to accelerate growth.

🔹 Fierce Competition from Tesla and Waymo

The race to dominate the robotaxi space is intensifying. Tesla launched its robotaxi service in Austin in June and expanded into the San Francisco Bay Area in July. Waymo already operates in over five major U.S. cities. Uber, however, reports no decline in demand in Austin or San Francisco due to Tesla’s entry.

🔹 $20 Billion Share Buyback Program Announced

Alongside its AV ambitions, Uber announced a new $20 billion share buyback program, following a previously approved $7 billion buyback from early 2024.
Much of Uber’s current optimism is driven by the success of Uber One, its $9.99/month subscription program. Membership grew 60% year-over-year in June to over 36 million users. These subscribers account for one-third of all bookings and generate three times more profit than single-service users.

🔹 Strong Growth and Q3 Forecast Exceeds Expectations

Uber now expects gross bookings for Q3 to range between $48.25 and $49.75 billion—well above Wall Street’s forecast of $47.3 billion. In Q2, bookings grew 18%, driven by a 24% surge in delivery and nearly 19% growth in mobility.
The rise in weekday commuting also contributed to Q2 growth. Uber noted that users of its $2.99/month “Price Lock Pass” completed six more rides per month on average. The program is now live in over 10 major cities in the U.S. and Brazil.
Uber posted Q2 earnings of $0.63 per share, up from $0.47 a year ago, in line with analysts’ expectations. Adjusted EBITDA guidance for the current quarter is between $2.19 and $2.29 billion, surpassing analysts’ average estimate of $2.22 billion.

🔹 Loyalty and Innovation as Uber’s Differentiators

Both Uber and rival Lyft face mounting pressure to innovate. Uber is betting on a combination of its high-margin loyalty program, sticky new services like Price Lock, and continued investment in robotaxis to stand out.
The company now holds over 20 strategic alliances in the autonomous driving space.

#Uber , #ROBOTAXI , #Tesla , #AI , #worldnews

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Tesla is preparing to unveil a completely revamped version of its Full Self-Driving (FSD) system, which CEO Elon Musk says could be ready as early as September. According to Musk, the new system will have ten times more parameters than the current version and will feature significant improvements in real-time video processing.

A New Generation of FSD: Smarter AI and Enhanced Visual Interpretation
Posting on X, Musk stated that Tesla is currently training the latest FSD version, which represents a major technological leap. “We're working with 10X the parameters and dramatically improved video compression. If testing goes well, we might release it publicly by the end of next month,” he said.
This means the system will be more capable of evaluating road conditions and making decisions in complex traffic situations. Tesla emphasizes that improving video comprehension is critical for achieving true autonomy—especially in dense urban areas, construction zones, and visually complex environments.

Autonomy at the Heart of Tesla’s Future
Tesla has long bet that autonomous driving technology will drive its future growth. Although the company has recently faced a decline in demand and revenue—particularly in Europe, where vehicle registrations are falling—Musk insists that autonomy remains the key to Tesla’s transformation.
Earlier this year, Tesla launched its first robotaxi service in Austin, Texas, signaling its ambition to expand far beyond car sales.
“Tesla bulls view autonomy as the most important long-term value driver for the company,” said auto industry analyst Melissa Chan. According to her, even if demand for EVs declines, new business models in mobility services could offset the drop.

Fierce Competition and Business Pressure
Tesla is not alone in the race. Chinese automakers like BYD and XPeng are heavily investing in autonomous driving software, while traditional global carmakers are also accelerating their AI integration efforts.
At the same time, Tesla’s core business is under pressure. In Q2 2025, the company’s revenue dropped 16% year-over-year, and sales in Europe plummeted. Tesla’s stock is down over 23% since the beginning of the year, raising concerns about its long-term stability. Reputational issues, including tensions between Musk and the White House, have added to the challenges.
Some analysts believe the new FSD model could be a turning point—but for now, it's still in the testing phase, with no confirmed release date.

Will the System Deliver?
Although Musk is optimistic that the new FSD model could launch next month, widespread rollout depends on successful testing and regulatory approval, particularly in international markets.
For now, Tesla is banking on its progress in AI and the next-gen FSD to shift the tide in its favor. However, the road to full autonomy remains complex—and far from fully autonomous.

#ElonMusk , #Tesla , #ROBOTAXI , #worldnews , #Musk

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Tesla is facing a challenging summer in 2025. Despite rising interest in electric vehicles across Europe, the company is experiencing a sharp decline in key markets and simultaneously battling legal challenges in the U.S. that could derail its autonomous taxi ambitions.

📉 Sharp Drop in German Registrations
According to recent data from Germany’s Federal Motor Transport Authority (KBA), Tesla registered only 1,110 vehicles in July, marking a drop of over 55% compared to the same month in 2024. From January to July, Tesla sold just 10,000 cars in Germany — down almost 58% year-over-year.
Even the launch of the upgraded Model Y failed to reverse the trend. European customers are increasingly turning to competitors — for example, Chinese brand BYD registered 1,126 vehicles in July, a fivefold increase compared to the previous year.

🧠 Tesla Bets on Cameras and AI While Rivals Scale Back
As companies like GM reduce their autonomous vehicle ambitions due to high component costs and regulatory scrutiny, Elon Musk remains committed to his vision of driverless transport. Tesla relies solely on cameras and artificial intelligence, unlike competitors such as Waymo and Zoox who use expensive radar and lidar technology.
In June, Tesla launched a limited beta of its Robotaxi service in Austin, deploying a dozen Model Y SUVs with safety drivers onboard. Musk aims to make this service available to half of the U.S. population within five months, but regulatory barriers are slowing progress.

⚖ Florida Verdict Grants $243M in Damages
A recent Florida court decision may further delay Tesla’s Robotaxi rollout. A jury awarded $243 million to the families of two victims involved in a 2019 crash with a Model S operating on Autopilot. The verdict concluded that Tesla’s system was defective and contributed to the fatal outcome.
Tesla argued the crash resulted from driver error, stating the driver was reaching for a dropped phone. Nonetheless, the verdict triggered federal investigations and more lawsuits. Regulatory agencies in California, Nevada, and Arizona are now reviewing Tesla's applications for autonomous service approvals.

🤖 Autopilot vs. Full Self Driving
Tesla’s standard Autopilot controls speed and lane positioning on highways. The optional Full Self-Driving (FSD) system expands functionality to city streets — handling turns and lane changes. Analysts at Piper Sandler noted that the Florida verdict doesn’t apply to the latest FSD version, but it damages public trust in Tesla’s systems.
While Tesla usually wins or settles lawsuits over its driver-assist systems, this case was different. The Model S ran a STOP sign and collided with a parked Chevy Tahoe, killing two people. The driver claimed he wasn’t warned by the system. The jury found Tesla’s Autopilot at fault.

🕵 Delays, Uncertainty, and Image Damage
Regulatory delays and approval hurdles could push back Tesla’s plans. Legal and industry experts warn that progress may be slow. Gene Munster of Deepwater Asset Management said:
“This verdict is a stain on Tesla’s image. Regulators will now be even more cautious.”

🔚 Summary
Tesla finds itself caught between falling sales in Europe, mounting competition from China, and legal setbacks in the U.S. that are jeopardizing its leadership in autonomous transport. How quickly the company adapts will become clear in the second half of the year.

#Tesla , #ElonMusk , #ROBOTAXI , #AI , #worldnews

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The State of Play in 2025
The robotaxi industry has shifted from testing to full commercialization, with China surging ahead in deployment scale while U.S. firms lead in technology maturity:
U.S. Front (Waymo/Tesla):
1,500+ vehicles operational (SF, LA, Phoenix, Austin)
250,000 weekly rides at $12-$18 per trip
Tesla's late entry – 200 cars in Austin beta
Chinese Dominance (Pony AI/Baidu/WeRide):
2,000+ robotaxis across Beijing, Shanghai, Guangzhou, Shenzhen
Pony AI's 15 rides/day/vehicle at 70% lower hardware costs
Projected 300,000 units by 2030 (5% urban transport share)
Key Competitive Advantages
China's Edge:
✅ Regulatory Speed: Full fare-charging approval in 4 megacities
✅ Cost Efficiency:
Baidu Apollo RT6: $37,000/unit
Waymo Jaguar I-Pace: $200,000/unit
✅ Global Expansion: WeRide operates in 6 countries via Uber partnership
U.S. Strengths:
✅ Safety Record: Waymo's 0.02 disengagements/1000 miles
✅ AI Stack: Tesla's Dojo supercomputer training advantage
✅ Ride Quality: 4.8/5 passenger ratings in Phoenix
Market Projections & Financials
WeRide Q2 Revenue: $6.4M (300% YoY growth)
Baidu's Breakthrough: Profitable in Wuhan (ex-R&D)
Stock Targets:
Pony AI: $21 (BoA)
Baidu: $100 (Morgan Stanley)
"Chinese OEMs are replicating their EV playbook – scale first, monetize later."
— Barclays Mobility Report
The Make-or-Break Factors
Regulation: U.S. NHTSA's pending L4 approval
Tech Wars: Huawei's MDC 810 chips vs NVIDIA's Drive Thor
Public Trust: 62% of Americans still wary vs 38% Chinese acceptance
Upcoming Catalysts:
Aug 12: Pony AI earnings (hardware cost reduction update)
Sep 15: EU's AV4EU legislation vote
Nov 2025: Tesla's "1 million robotaxis" ambition test
Investment Implications
Winners:
LIDAR makers (Luminar +47% YTD)
AI infrastructure (NVIDIA's auto revenue hits $4B/quarter)
Ride-hailing partners (Uber stock up 22% on robotaxi deals)
Risks:
Geopolitical bans on Chinese AV tech
Insurance liability unknowns
Urban infrastructure readiness
"This isn't just about taxis – it's the first true test of AI's physical-world impact."
— ARK Invest Mobility Thesis 2025
#china #US #ROBOTAXI #AI #VeChainNodeMarketplace

Tesla has officially requested certification from Arizona regulators for its autonomous transportation service, aiming to receive approval by the end of July and launch a new chapter in driverless transport — no driver, no steering wheel, no pedals.

🛣️ Target: Phoenix and Then the World?
Documents show that Tesla plans to begin testing its vehicles in the Phoenix metropolitan area, both with backup drivers and in full self-driving mode. This move follows a quiet launch of a pilot program in Austin, Texas, where several Model Y vehicles are already transporting selected passengers under strict safety supervision.
Despite early traffic hiccups and unpredictable maneuvers reported on social media, Elon Musk announced an expansion of the service in Austin and stated his ambition to begin operating in the San Francisco Bay Area within two months — if regulators approve.

📋 But California Remains Silent
While California’s CPUC issued Tesla an initial type of permit back in March, no new applications have been filed since. This raises questions about whether Tesla can truly begin operations in the state as soon as Musk claims. Still, he remains optimistic: “If regulators allow it, we’ll be rolling in a month or two!”

🔋 Tesla Rides the Next Wave of Growth
The push for innovation comes as Tesla’s traditional EV sales slow. Elon Musk is now focusing on high-value ventures — autonomous vehicles, robotaxis, humanoid robots, and AI. Part of this strategy includes the Grok chatbot from his xAI project, which Musk says will be integrated into Tesla cars “by next week.”

📉 The Risks? Bureaucracy and Accidents
Wall Street is closely watching the development of Tesla’s robotaxis. While investors are excited about expansion into new markets, they also warn of potential obstacles: complicated approval processes, technological limitations, or safety incidents. U.S. authorities are already investigating reports that Tesla’s pilot vehicles in Austin violated traffic laws within hours of deployment.
Tesla plans to expand the fleet to around 1,000 Model Y vehicles and soon introduce a fully dedicated “Cybercab” model — a futuristic car with no pedals and no steering wheel.

📈 Market Reacts Positively
The market responded to the news with enthusiasm — Tesla’s stock jumped as much as 4.1% after the announcement. Despite a 25% drop since the beginning of the year, investors see autonomous transportation as a new engine of growth.
“This rapid deployment of robotaxis could mark the beginning of Tesla’s assault on existing shared mobility models,” said analyst Alexander Potter from Piper Sandler.

Is Tesla about to change the way we move around cities?

Is the driverless era coming faster than we expected?

#Tesla , #ROBOTAXI , #ElonMusk , #techinnovation , #worldnews

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Tesla’s once-celebrated dominance in China is rapidly fading. Once welcomed as a strategic partner and visionary, Elon Musk is now losing ground in what was Tesla’s second-largest market. In May 2025 alone, Tesla’s sales in China dropped 30% year-over-year, even as overall demand for electric vehicles in the country continues to grow.

Tesla’s Market Share Plummets as Rivals Surge
Tesla sold fewer than 40,000 vehicles in May, compared to over 57,000 in the same month last year. Its market share has shrunk to just 4%, down from 11% in early 2021. Meanwhile, BYD controls 29% of China’s EV and plug-in hybrid market, with companies like Xiaomi quickly rising.
Chinese brands are outperforming Tesla with feature-rich vehicles—extra displays, in-car entertainment, selfie cameras, mini fridges, and full mobile app integration. In contrast, Tesla is now seen as outdated. Local buyers say the brand feels “tired” and behind the curve.

Tesla Ignored China Team’s Warnings
For years, Tesla’s team in China warned headquarters that local customers demanded more functionality, native apps, and smartphone integration. Reports from 2021, 2023, and 2024 were submitted but dismissed by U.S. executives, who stated entertainment and localization were "not priorities." The only change since? The addition of Mango TV, while Chinese competitors offer dozens of apps.
At the same time, Tesla sales teams in China are under growing pressure. One Beijing dealer reported his weekly sales target jumped from four to seven vehicles, while working hours increased from 10 to 12 per day. With aging models and increasingly competitive rivals, employees say they are running out of tools to close deals.

No New Model for China – Just a Cheaper Tesla
Plans to develop a China-tailored vehicle were canceled. Instead, Elon Musk ordered feature cuts and launched a stripped-down version of the Model Y, priced at $36,700—while BYD’s Sealion 07 starts at only $26,400.

Beijing Cools on Musk: From Strategic Partner to Irrelevance
Once seen as a vital bridge between China and the U.S., Musk’s standing in Beijing has cooled. In January 2025, he met with Vice President Han Zheng, who expressed hopes that Tesla would help improve U.S.–China ties. Musk offered little in return. Since then, Chinese officials no longer view him as strategically useful.
At the same time, Tesla cannot deploy its Full Self-Driving (FSD) system in China, because the AI powering it was trained on U.S. data—something Chinese law prohibits. An attempt to move FSD training to China failed, as U.S. export controls restrict access to the necessary chips.

Regulators: “Drivers Are Not Lab Rats”
In February, Tesla tried to quietly roll out parts of FSD via a wireless update—exploiting a regulatory gray area. Chinese authorities shut it down, clarified the rules, and blocked a one-month trial Tesla offered in March. Regulators stated Tesla “should not treat drivers like lab rats.”

While Tesla Stalls, Chinese Firms Accelerate
As Tesla stumbles, Chinese firms are charging ahead. XPeng’s XNGP and BYD’s Eyes of God now offer advanced driving features. Baidu and Pony AI are already operating robotaxi fleets. Tesla? Still nothing in this space.

Even Robots and Batteries Reveal Tesla’s Dependency on China
In March, Tesla began shipping Megapack batteries from its new Shanghai plant to Australia—but Chinese battery giant CATL dominates the market. Even Tesla’s Optimus humanoid robot, built in the U.S., relies on Chinese-made parts. Despite new U.S. tariffs, Tesla has continued sourcing components from its Chinese suppliers to keep costs low.
Now, those same suppliers are collaborating with local robotics startups like Unitree and Agibot.

“Once you have Tesla contracts, domestic robotics firms are much more willing to work with you,” said Chen Feng, marketing manager at one of Tesla’s suppliers. This could put Elon Musk back in the same position as with EVs—surrounded by rivals he helped empower.
During a recent earnings call, Elon Musk admitted:

“I’m a little worried that spots two through ten on the leaderboard will all be Chinese companies.”

#ElonMusk , #china , #stockmarket , #Tesla , #ROBOTAXI

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Elon Musk has once again stirred the tech world – this time by revealing the tentative launch date for Tesla’s long-awaited Robotaxi service. If everything goes as planned, the first driverless vehicles will hit the streets of Austin on June 22. And the first ever ride from Tesla’s factory straight to a customer’s home? That’s scheduled for June 28 – which just happens to be Musk’s birthday.

⚠️ Dates May Shift – Safety Comes First
Musk stressed that the announced dates could change. Tesla is extremely cautious when it comes to safety and would rather delay the launch than risk any incident. On June 11, he announced that he was flying from Los Angeles to Austin to prepare for the rollout.

🧠 Starting Small – Then Scaling to Thousands
Back in May, Musk said the launch would begin on a small scale – with just 10 autonomous vehicles on the streets in the first week. That number is expected to quickly grow to 20, 30, 40, and then thousands in the coming months. Expansion is already planned for other cities like San Francisco and San Antonio, although no specific timeline has been given.
According to Musk, city streets will soon look very different – and self-driving cars could become the global standard within just two to three years.

📍 Geofencing, Remote Monitoring, and Careful Testing
Initially, the service will be limited to specific areas of Austin through geofencing, and each vehicle will be remotely monitored by Tesla staff. The first fleet will consist of specially upgraded Model Y vehicles equipped with a new version of Tesla’s Full Self-Driving (FSD) software that no longer requires a human driver.
Musk shared a short video showing a black Model Y with a white-gold "Robotaxi" logo calmly stopping at a crosswalk in Austin to let pedestrians pass. The future is here – and it looks smooth.

🤖 No CyberCab Yet – Coming Next Year
While Tesla is also working on a futuristic CyberCab, that model won’t hit the roads until 2026. For now, it’s all about the modified Model Y SUVs, which have already been spotted in test runs across Austin – including the iconic South Congress area.
Details about who will get access to the service first, what app will be used, or how much a ride will cost, remain unknown.

💥 Austin: The New Battleground for Robotaxis
Tesla won’t have an easy ride. Austin is already home to its main competitor, Waymo (from Alphabet), which has launched autonomous rides in partnership with Uber.
As of May, Waymo operates around 100 driverless vehicles in Austin, and according to Uber’s CEO, they’re more active than 99% of human drivers in the city. And the numbers are skyrocketing – from 12,000 paid rides in August 2023 to over 708,000 by March 2025. In total, Waymo has already provided more than 5 million rides in just three years.
Tesla is stepping into a serious contest.

📈 Musk Predicts Rapid Growth, Analysts Remain Skeptical
Elon Musk believes self-driving Tesla taxis will soon be everywhere. He estimates that 1,000 robotaxis could be operational within months, and by the end of 2026, the U.S. could see over a million autonomous Teslas on the roads.
Not everyone shares this optimism. Morningstar analyst Seth Goldstein warns that Musk often misses his own deadlines. He believes Tesla will get there eventually, but says their FSD software will likely need more refinement than Tesla anticipates once real-world testing ramps up.

🔮 A Driverless Future Closer Than We Think?
Tesla’s Robotaxi service could revolutionize urban transport. Whether the launch starts slow or takes off fast, the battle for autonomous mobility has officially begun – and Austin is the first arena. Are we witnessing the start of a new era?

#ElonMusk , #ROBOTAXI , #Tesla , #AIRevolution , #ArtificialInteligence

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Tesla has once again become the center of online attention—this time due to the peculiar shape of its updated Robotaxi geofence map in Austin, Texas. The new version, which significantly expanded coverage in just 22 days, sparked laughter and memes for its shape, which many online compared to male genitalia.
Social media quickly lit up with jokes. Tesla Robotaxi’s official account on X (formerly Twitter) posted the updated map with the cheeky caption: “Harder, Better, Faster, Stronger,” adding a comment about loving eggplants. Elon Musk amplified the moment by sharing a post from Teslaconomics describing the new map as “Bigger, Longer, Uncut,” accompanied by a laughing emoji.

Geofence Expansion and New App Features
While the internet was laughing, Tesla forged ahead. The newly drawn Robotaxi zone in Austin now exceeds Waymo’s coverage by more than 4 square miles. Elon Musk also announced that the Robotaxi service will be launching in the San Francisco Bay Area within weeks.
On July 14, Tesla rolled out an updated version of its Robotaxi app. It now includes walking directions for more precise pickup and drop-off points, alerts for approaching closing times at destinations, and the ability to edit pickup and drop-off locations even after the ride is booked.
The expansion now includes the University of Texas, making the service available to over 53,000 students. With rides priced at $4.20—a number famously tied to Musk’s weed-related humor—the move is likely designed to appeal to a younger crowd.

Tips, Tricks, and Still No Tips
The updated app also lets users choose their preferred cabin temperature and offers useful tips while they wait. These include how to open Model Y doors, how driverless vehicles signal turns, and recommendations for local spots like parks, cafés, malls, and restaurants.
Tesla hasn’t disclosed the number of vehicles currently operating in the expanded service area, but says deployment is now faster than ever. Thanks to streamlined processes, vehicles are shipped directly from the factory, loaded with Robotaxi software, and deployed onto public roads in record time. Unlike Waymo, Tesla avoids lengthy mapping procedures, giving it a speed advantage in new rollouts.
Despite criticism of the map’s controversial design, Musk and his team appear to be embracing the viral moment as a marketing strategy. And for Robotaxi, the formula seems to be: the more outrageous, the more attention.

#Tesla , #ROBOTAXI , #ElonMusk , #Technology , #AI

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