CEO Elon Musk is attempting to shift Tesla's identity from an electric vehicle manufacturer to an AI and robotics company. Tesla's electric cars, particularly the advanced Full Self-Driving Supervised system, remain central to its business model. Although Tesla launched a limited robotaxi service in Austin, it falls short of Musk's broader vision of self-driving vehicles generating income for owners. The anticipated California robotaxi rollout faces delay due to permit requirements, putting pressure on Musk to demonstrate progress to shareholders.
Musk is pushing for shareholders to see Tesla as an AI and robotics company, while the majority of its revenue still comes from electric vehicles.
Tesla's Full Self-Driving Supervised is highly advanced but still requires driver oversight, lacking the scale needed to reflect Musk's AI vision.
The robotaxi service launched in Austin is a limited step towards Tesla's goal of self-driving cars, requiring a human driver for supervision.
Without permits, Tesla's planned robotaxi expansion in California faces significant delays, hampering Musk's plans to showcase immediate progress.
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