Big news from the tech world: Elon Musk, CEO of Tesla, is set to launch the company's first driverless robotaxi service this June in Austin, Texas.
The autonomous vehicle, known as Cybercab, is based on the Tesla Model Y and equipped with Tesla’s Full Self-Driving (FSD) technology, which is currently in its final testing phase.
Internal trials are already underway in Austin and the San Francisco Bay Area, with Tesla employees completing over 1,500 rides covering more than 15,000 miles.
However, Tesla still faces regulatory hurdles. While it has received approval for ride-hailing operations in California, it must secure additional permits from local authorities to fully operate in Texas and other areas.
Elon Musk has big ambitions: he plans to have millions of autonomous Tesla units on the roads by 2026.
Interestingly, this push for innovation comes at a critical time. Tesla’s revenue for the first quarter of this year dropped by 7.85% to $19.34 billion, while net profit plummeted by a staggering 80.8% to $409 million.
Could this robotaxi revolution be the game-changer Tesla needs?
One thing’s for sure: with Musk leading the charge, the future of transportation—and even crypto integrations—could evolve faster than we expect.