
Elon Musk Expects Tesla Robotaxi Launch For June: 'These Things Happen Slowly, Then All At Once'
- by Benzinga
- May 20, 2025
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Musk confirmed that Tesla is on track to rollout fully-autonomous vehicles in Austin in June.
Tesla will have hundreds of thousands of unsupervised full self-driving vehicles on the roads by the end of next year, Musk says. See Also: Tesla CFO Vaibhav Taneja Receives Record $139 Million Pay, Surpassing Most CEOs
Why It Matters: Tesla bears have raised concerns about the company’s first-quarter performance, pointing to a 9% year-over-year decrease in sales as automotive revenue dropped 20%.
Musk also told CNBC that the company has seen a “major rebound in demand” since the first quarter.
Production numbers were also well below those of the same period last year, but shares moved higher following the report as Musk announced plans to reduce time spent working on government initiatives and provided optimistic commentary around full self-driving and the company’s humanoid Optimus bots. Musk reiterated that vision on Tuesday.
“Really the only things that matter long term are autonomy and Optimus. Those overwhelmingly dominate the future financial success of the company,” Musk said.
Tesla has not provided an exact date for its robotaxi launch in Austin.
Musk's visionary rhetoric is often scrutinized due to overpromising and underdelivering on ambitious projects, especially regarding Tesla robotaxis.
TSLA Price Action: Tesla shares were well off their highs for the session, but still up about 0.45% at $343.58 at the time of publication Tuesday. Tesla’s stock has gained approximately 44% over the past month, according to Benzinga Pro.
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