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Tesla's Austin Robotaxi Boosts Musk's Net Worth. How Long Can It Last?

  • Tesla began offering its robotaxi service in Austin, Texas, starting June 22, 2025, within a designated geofenced zone and with both safety personnel monitoring remotely and a Tesla staff member seated inside to intervene if necessary.
  • The launch was delayed from June 12 amid doubt about readiness, reflecting Tesla's ongoing challenges in scaling autonomy compared with competitors like Waymo.
  • Only select Tesla customers have early access, and the rollout coverage was dominated by supportive influencers who often criticized traditional media coverage.
  • Tesla’s shares rose 8% on June 23 following the robotaxi service launch, boosting its market capitalization by more than $90 billion—nearly twice the value attributed to Waymo in late 2024.
  • Experts warn Tesla may be late to the robotaxi market, with near-term scaling hurdles likely delaying real business impact despite Tesla’s ambitious long-term goals.
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The Globe & Mail broke the news in Canada on Saturday, June 28, 2025.
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