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Barchart
Mohit Oberoi

Is Tesla a Buy or Sell as TSLA Stock Zooms on Austin Robotaxi Launch?

Tesla Inc. Elon Musk Austin United States

Tesla (TSLA) finally launched its robotaxi service in Austin yesterday, June 22, meeting the tentative date set by CEO Elon Musk. While both Musk and Tesla are not exactly known for their steadfast commitment to deadlines, it was a welcome break, especially given the fact that the project is running late by years and Musk once touted that 1 million robotaxis would be on the road by 2020.

Both Tesla bulls and bears were eagerly waiting for the robotaxi launch, given how important that service is for the long-term Tesla story. The event turned out to be somewhat “uneventful” by Tesla standards in part because the service was offered on invitation only, and reports suggest that many of those who got the invite were known for their pro-Tesla views.

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