Musk said in a social media post this week that Tesla’s long-awaited robotaxi service will roll onto the streets of Austin, Texas on June 22. The Tesla CEO is betting the company’s future on autonomous vehicles (AV) and a robotaxi service – which will hopefully inject much-needed cash just as the company’s sales and profits are slumping.

Tesla has sued a former engineer for allegedly stealing Optimus robot secrets to launch a rival startup backed by Y Combinator.

Elon Musk posted multiple responses to a video of a Tesla emblazoned with the word "Robotaxi" in cyberpunk-style font driving around.

Tesla ( TSLA 5.66%) stock has tumbled 22% year to date amid a myriad of business and political headwinds, and Wall Street anticipates further declines. The average target price among 55 analysts is $289 per share, which implies 8% downside from the current share price of $316.

Tesla faces an existential test this month as it aims to launch self-driving “robotaxis” in its home base of Austin, Texas, where public-safety officials are increasingly concerned about the state’s anti-regulation stance toward autonomous vehicles.

Tesla drivers in France are suing Elon Musk's EV maker for turning their vehicles into what they characterize as "extreme-right" symbols.

The legal battle comes after Elon Musk’s support for European far-right parties, support for Donald Trump, and his activities since he entered the political arena. View on euronews

Tesla (NASDAQ: TSLA) has been trading like a penny stock so far this year. The most recent drama was due to a public feud between CEO Elon Musk and President Donald Trump. It wiped out about $150 billion of market value last week, but Musk’s apology post on X early Wednesday boosted a relief rally.

The timing for the Austin, Texas launch could change as Tesla is being “super paranoid about safety,” Elon Musk said.

Tesla's robotaxi vision could open doors for crypto payments, reshaping how investors view mobility, says Cathie Woods.