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Tesla aims to launch its robotaxi service in California and Texas by 2025, ensuring safety with human teleoperators and a company-owned fleet. Deutsche Bank revealed the details after meeting with Tesla officials.
Tesla to Launch Robotaxi Service with Human Teleoperators for Safety
According to a note that Deutsche Bank issued following a meeting with Tesla's head of investor relations, the business intends to launch its robotaxi service with a fleet that is owned by the company and will be supported by human teleoperators for the purpose of ensuring safety, Reuters reports.
Following the discussion with Travis Axelrod, the chief of investor relations, the bank stated that the electric car manufacturer is still planning to introduce its more affordable vehicle in the first half of the following year, as well as other models later in the year. On Friday, the note was put into publication.
Tesla Plans California and Texas Robotaxi Rollout in 2025
According to Deutsche Bank, Tesla intends to establish a robotaxi service in the states of California and Texas in the following year. Earlier in the year, Tesla had established that objective.
The request for a remark from Axelrod was not met with a response.
Deutsche Bank Raises Tesla Price Target Amid Robotaxi Developments
"Tesla believes it would be reasonable to assume some type of teleoperator would be needed at least initially for safety/redundancy purposes," the financial institution stated in its financial statement. It was stated that "management intends to start off entirely with the company-owned fleet" and that they will utilize an app that was developed internally for ride-hailing services.
Additionally, Deutsche Bank increased its price objective for Tesla shares from $295 to $370 (now $370). In trading on Monday, Tesla shares were trading at $386.04, a decrease of about 1%, Yahoo Finance shares.
