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.
Tesla has been testing its robotaxi fleet in a quiet residential neighborhood in Southeast Austin to the surprise of some residents.
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 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.