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Tesla Prepares Robotaxi Launch with Company Fleet and Teleoperators

Transportation and Logistics

Automobile, Transportation, Autonomous, Service

Business Honor
10 December, 2024

Tesla plans robotaxi launch with company-owned fleet, teleoperators for safety, advancing autonomous transportation.

Tesla is gearing up to launch its long-awaited robotaxi service, with plans to deploy the service using a company-owned fleet. The service will initially be supported by human teleoperators to ensure safety and provide redundancy, according to Deutsche Bank following a meeting with Tesla's head of investor relations, Travis Axelrod.

Part of this will be the company's new and more affordable model. More such models are then expected. The robotaxi is part of Tesla's effort to lead a transformation of the transportation industry. It involves autonomous vehicles, among which is a ride-hailing service that will be provided via an application developed in-house. An in-house app developed by the company will control and oversee all the fleet in that service.

Deutsche Bank says that Tesla will introduce robotaxi services with an all-company-owned fleet in the beginning. The service will be operated by teleoperators who will oversee and manage the vehicles. The idea behind this is to create a safety net in the early phases while Tesla pursues the path of fully autonomous driving technology. The company believes that some form of human oversight will be necessary at the outset to provide a layer of security and build public trust in its system.

The launch of the robotaxi service is a part of Tesla's continued effort to expand market presence and develop innovative solutions in transportation. The company has very ambitious goals for the service, and it is preparing to be a significant player in the market for self-driving vehicles that is slowly building.

Against this backdrop, Deutsche Bank hiked the price target for Tesla shares to $370 from $295. As expected, Tesla shares dropped down, trading nearly 1% lower at $386.04. This was seen as a growing positive on the long-term prospects for investors in Tesla, especially in terms of autonomous vehicles.