Latest news with #AshokElluswamy
Yahoo
18 hours ago
- Automotive
- Yahoo
Elon Musk Says First Tesla Drove Itself From Factory to Customer
(Bloomberg) — Tesla Inc. Chief Executive Officer Elon Musk said a Tesla Model Y SUV drove itself from the company's factory near Austin to a customer's home in the company's latest move to showcase its push into autonomous driving. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares US Renters Face Storm of Rising Costs Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Mapping the Architectural History of New York's Chinatown Sprawl Is Still Not the Answer In a post on X, Musk announced the company had made an autonomous delivery of a Tesla Model Y from factory to a customer's home, noting the delivery was made 'across town,' and included highways. Musk said the delivery did not include anyone in the car and no remote operators were in control of the car. While the post did not include video or images, Musk posted that video of the event would come soon. Tesla's head of AI and autopilot, Ashok Elluswamy said the vehicle reached a max speed of 72 miles per hour. The delivery was one day ahead of the date Musk had earlier set for the first autonomous delivery, June 28, which will be his 54th birthday. Tesla's first autonomous delivery highlights Musk's bet that artificial intelligence and robotics represent the future of his electric car company. It comes days after Tesla began its long-awaited robotaxi service on June 22, offering a select group of influencers and investors rides in a small fleet of self-driving Model Y SUVs in a limited area of Austin. Musk previewed both events in a post earlier this month on X, and has said the company plans to eventually have millions of robotaxis on the road in the future. Musk is counting on eventually churning out large numbers of robotaxis and Optimus humanoid robots to underpin the EV company's next chapter. Sales in key markets including North America and Europe remain sluggish and the company has faced a consumer backlash to Musk's role in US President Donald Trump's administration. Multiple executives have also left the company in recent weeks. The hands-free delivery is an extension of a capability Tesla touted in April, when it posted a video showing cars moving autonomously from its Texas assembly lines to logistics lots prior to shipping. It's unclear whether autonomous deliveries will become a meaningful part of Tesla's operations. Tesla did not immediately respond to a request for comment. America's Top Consumer-Sentiment Economist Is Worried How to Steal a House Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Apple Test-Drives Big-Screen Movie Strategy With F1 ©2025 Bloomberg L.P.
Yahoo
a day ago
- Automotive
- Yahoo
$800 Billion on the Line: Tesla's Robotaxi Rollout Faces Its First Real Test
Tesla's robotaxi vision is no longer just a promiseit's finally rolling, cautiously, through the streets of Austin. This week, the company began offering paid rides in a handful of modified Model Ys under a limited pilot program. The service is geofenced, invite-only, and each vehicle still includes a safety driver. Still, for Tesla (NASDAQ:TSLA), this is a pivotal moment. Autonomous driving now accounts for a massive chunk of the stock's valuation. RBC Capital pegs nearly 59% of its price target$181 per shareon robotaxis alone, with another $53 tied to monetizing Full Self Driving. That's over $800 billion in implied value based on long-term revenue models, not current profitability. But Tesla's launch has opened the door to some uncomfortable questions. While the company has long claimed all its vehicles are robotaxi-ready, Business Insider reports suggest otherwise. According to unnamed sources, Tesla is building specially modified Model Ys for the Austin launchcomplete with additional telecom systems and reinforced cameras. Meanwhile, Ashok Elluswamy, head of Autopilot engineering, recently mentioned the use of new audio sensors. These details raise doubts about whether Tesla's existing fleet can be flipped into a national robotaxi network as easilyor cheaplyas advertised. The strategy also now mirrors the one Tesla once mocked: a cautious, city-by-city rollout, much like Waymo's. Notably, Waymo already provides over 250,000 weekly rides and recently announced a tentative partnership with Toyota. The bigger challenge for Tesla? The clock just started ticking. After years of deferrals, the market now expects execution. Tesla's core EV business has hit a wallfalling sales, a lukewarm Cybertruck launch, and no sign of the long-promised affordable model. Since Elon Musk shifted focus to AI, robotaxis, and humanoid robots in early 2024, Tesla's forward multiple has more than doubled to around 140x. But lofty multiples built on future hopes require tractionfast. Goldman Sachs recently modeled a wide range of outcomes for Tesla's robotaxi program by 2040, with share value scenarios swinging from as low as $2.50 to as high as $81.75. For now, investors are betting big. But turning vision into reality is no longer optional. This article first appeared on GuruFocus. Sign in to access your portfolio
Time of India
11-06-2025
- Automotive
- Time of India
Elon Musk sets June 22 for Tesla's robotaxi launch in Austin; viral video of driverless ride thrills netizens
Elon Musk, the Tesla owner and tech billionaire, announced that Tesla Inc. has set June 22 as a tentative launch date for the start of its robotaxi network. On Wednesday, Musk took to his X (formerly called Twitter) to share the information that the date could shift because the EV car manufacturing company is being "super paranoid about safety". In the particular post, Musk also added that Tesla plans to autonomously deliver a vehicle from the factory to a customer's house later on June 28, the chief executive's birthday. In the post, Musk wrote, "Tentatively, June 22. We are being super paranoid about safety, so the date could shift. The first Tesla that drives itself from factory end of line all the way to a customer house is June 28." Tentatively, June are being super paranoid about safety, so the date could Tesla that drives itself from factory end of line all the way to a customer house is June 28. Know about Tesla's Robotaxi service Meanwhile, Tesla executives promoted a video on Tuesday showing one of its vehicles driving in Austin with no one behind the wheel. The video is a hint that Tesla is close to launching its robotaxi service in the Texas capital. In the video, which was uploaded on X, a black Model Y with the words "robotaxi" painted on its front door turned off South Congress Avenue in a popular tourist district of the city. Moreover, both Musk and Ashok Elluswamy shared the video on their X. Ashok Elluswamy leads Tesla's Autopilot teams and recently took over the responsibility for the company's Optimus humanoid robot program. Tesla's robotaxi is completely self-driven, video goes viral According to an earlier report by Bloomberg, Tesla was focusing on starting to operate its robotaxi network from June 12, but the company was engaged in testing the self-driven Model Y SUVs that will be used in the operation's first phase. Model Ys with manufacturer plates and a person behind the wheel have been spotted driving around various parts of Austin, including South Congress. The viral video of a driverless ride thrills netizens. BREAKING: First ever Tesla Model Y robotaxi with no-one in the drivers seat spotted testing on public roads in Austin, Texas!Tesla's new "Robotaxi" wordmark/logo is on the side of the vehicle. Netizens react to Tesla's viral robotaxi service As soon as the video of the driverless taxi service surfaced on social media, it quickly grabbed the attention of netizens, who said, "Hell yeah! So excited." One X user wrote, "That robotaxi logo is slick 😎 can't believe it took this long for someone to record one." While some questioned, "Who will be connecting them to the charging network? Or are they fitted with the induction charger?" Who will be connecting them to the charging network? Or are they fitted with the induction charger? "This is super exciting! Tesla's approach to FSD is going to scale much faster than others," another added. This is super exciting! Tesla's approach to FSD is going to scale much faster than others. To stay updated on the stories that are going viral, follow Indiatimes Trending.
The Verge
10-06-2025
- Automotive
- The Verge
Posted Jun 10, 2025 at 4:29 PM EDT 1 Comment / 2 New A Twitter Andrew J. Hawkins A real Tesla robotaxi spotted in Austin. A Tesla Model Y with no one behind the steering wheel was spotted driving through Austin recently, according to a video posted to X and noticed by InsideEVs. The video was also reposted by Tesla's head of autonomy, Ashok Elluswamy, who wrote 'Slowly slowly at first, then …' seemingly confirming its authenticity. The Model Y also has 'Robotaxi' written in Tesla's notoriously difficult-to-read Cybertruck font on the passenger door. Bloomberg previously reported that the company's robotaxi service was set to launch this week on June 12th, though the automaker has yet to formally confirm the date.
A real Tesla robotaxi spotted in Austin. A Tesla Model Y with no one behind the steering wheel was spotted driving through Austin recently, according to a video posted to X and noticed by InsideEVs. The video was also reposted by Tesla's head of autonomy, Ashok Elluswamy, who wrote 'Slowly slowly at first, then …' seemingly confirming its authenticity. The Model Y also has 'Robotaxi' written in Tesla's notoriously difficult-to-read Cybertruck font on the passenger door. Bloomberg previously reported that the company's robotaxi service was set to launch this week on June 12th, though the automaker has yet to formally confirm the date.
The Verge
10-06-2025
- Automotive
- The Verge
Posted Jun 10, 2025 at 4:29 PM EDT 2 Comments / 2 New A Twitter Andrew J. Hawkins A real Tesla robotaxi spotted in Austin. A Tesla Model Y with no one behind the steering wheel was spotted driving through Austin recently, according to a video posted to X and noticed by InsideEVs. The video was also reposted by Tesla's head of autonomy, Ashok Elluswamy, who wrote 'Slowly slowly at first, then …' seemingly confirming its authenticity. The Model Y also has 'Robotaxi' written in Tesla's notoriously difficult-to-read Cybertruck font on the passenger door. Bloomberg previously reported that the company's robotaxi service was set to launch this week on June 12th, though the automaker has yet to formally confirm the date.
A real Tesla robotaxi spotted in Austin. A Tesla Model Y with no one behind the steering wheel was spotted driving through Austin recently, according to a video posted to X and noticed by InsideEVs. The video was also reposted by Tesla's head of autonomy, Ashok Elluswamy, who wrote 'Slowly slowly at first, then …' seemingly confirming its authenticity. The Model Y also has 'Robotaxi' written in Tesla's notoriously difficult-to-read Cybertruck font on the passenger door. Bloomberg previously reported that the company's robotaxi service was set to launch this week on June 12th, though the automaker has yet to formally confirm the date.
