Jun. 27 at 2:11 AM
Tesla's valuation continues to depend largely on expectations for autonomous driving, AI, the Optimus humanoid robot and a future robotaxi network rather than its traditional car business. This spring, the company expanded its robotaxi pilot to about 20 driverless Model Y vehicles operating in Austin, Dallas and Houston, providing investors with early operational data to evaluate its technology instead of relying solely on long-term projections.
The rollout comes as competition intensifies. Waymo, owned by Alphabet, remains the most established commercial robotaxi operator with a broader deployment, while Uber is committing hundreds of millions of dollars to secure autonomous vehicle partnerships, positioning itself as a key ride-hailing platform regardless of which technology provider prevails. The race is increasingly focused on scaling safe, profitable driverless services, a market many investors see as a major long-term revenue opportunity.
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