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Barchart
Barchart
Aditya Raghunath

Tesla Fails to Meet June 12 Launch for Its Robotaxis. Is This a Big Red Flag for TSLA Stock?

Earlier this week, Tesla (TSLA) CEO Elon Musk announced that the company’s highly anticipated robotaxi service will launch on June 22 in Austin, Texas, pushing back the previously targeted June 12 date as the electric vehicle maker prioritizes safety protocols.

The tentative launch date comes as Tesla faces intense competition in the autonomous vehicle market, where Alphabet’s (GOOG) (GOOGL) Waymo already operates commercial robotaxi services, conducting 250,000 paid trips weekly across multiple U.S. cities. 

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