financetom
Business
financetom
/
Business
/
Tesla targets June 12 launch for robotaxi service in Austin, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tesla targets June 12 launch for robotaxi service in Austin, Bloomberg News reports
May 28, 2025 2:09 PM

May 28 (Reuters) - Tesla is poised to begin its

long-awaited robotaxi service in Austin on June 12, Bloomberg

News reported on Wednesday, citing a person familiar with the

matter.

The date has been discussed internally and could still

change, the report added.

Tesla did not immediately respond to a Reuters request for

comment.

Earlier this month, CEO Elon Musk said the EV maker is set

to begin a test of its long-promised robotaxi service on

schedule in Austin, Texas, by the end of June.

A successful robotaxi trial is crucial for Tesla as Musk has

shifted the company's focus away from building a new, cheaper EV

platform to launching the robotaxi service and its Optimus

humanoid robots. Much of Tesla's valuation hangs on that bet.

Tesla sales have fallen worldwide with rising competition

and as Musk faces a backlash for his political views and his

role as an adviser to U.S. President Donald Trump.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Boeing settles lawsuits with two 737 MAX crash victims' families
Boeing settles lawsuits with two 737 MAX crash victims' families
Apr 7, 2025
April 7 (Reuters) - U.S. planemaker Boeing ( BA ) settled lawsuits with the families of two victims killed in the March 2019 crash of an Ethiopian Airlines Boeing 737 MAX on the eve of trial, lawyers for the families said. The trial in U.S. District Court in Chicago was set to be the first against the planemaker stemming from...
Johnson & Johnson's Janssen Says Subcutaneous Rybrevant Approved for 2 Indications in EU
Johnson & Johnson's Janssen Says Subcutaneous Rybrevant Approved for 2 Indications in EU
Apr 7, 2025
10:18 AM EDT, 04/07/2025 (MT Newswires) -- Johnson & Johnson's ( JNJ ) Janssen-Cilag International said Monday it received European Commission approval for its subcutaneous formulation of Rybrevant, or amivantamab, in two indications. The subcutaneous formulation was approved in combination with lazertinib as the first-line treatment for advanced EGFR-mutated non-small cell lung cancer, and as a monotherapy for patients with...
Germany's big steelmakers call for swift implementation of EU action plan
Germany's big steelmakers call for swift implementation of EU action plan
Apr 7, 2025
DUSSELDORF, April 7 (Reuters) - Thyssenkrupp Steel Europe (TKSE) and Salzgitter on Monday called for the EU Commission's action plan to be implemented as swiftly as possible to shield the sector from U.S. President Donald Trump's tariff measures. Europe must not be left defenceless in the face of growing import pressure, said Gunnar Groebler, CEO of Salzgitter, Germany's second-largest steelmaker,...
Neogen Refinances $550 Million Loan, Extends Credit Facility
Neogen Refinances $550 Million Loan, Extends Credit Facility
Apr 7, 2025
10:16 AM EDT, 04/07/2025 (MT Newswires) -- Neogen (NEOG) said Monday it has successfully refinanced its remaining $550 million principal of its $650 million term loan, and its revolving credit facility, originally due in August 2027, by extending the maturity to April 2030. The company said the refinancing includes a $450 million term loan and a $250 million revolving credit...
Copyright 2023-2025 - www.financetom.com All Rights Reserved