Tesla aims to launch robotaxi with teleoperator backup, Deutsche Bank says

investing.com 09/12/2024 - 19:00 PM

Tesla's Robotaxi Service Plans

(Reuters) – Tesla (NASDAQ:TSLA) aims to start its robotaxi service with a company-owned fleet backed by human teleoperators for safety, Deutsche Bank (ETR:DBKGn) reported after a meeting with the company's head of investor relations.

The electric vehicle maker still aims to launch its cheaper vehicle in the first half of next year, with additional models later in the year, according to the bank's note following its meeting with investor relations chief Travis Axelrod, published on Friday.

Tesla plans to initiate its robotaxi service in California and Texas next year, a goal set earlier this year.

Axelrod did not respond to a request for comment.

"Tesla believes it would be reasonable to assume some type of teleoperator would be needed at least initially for safety/redundancy purposes," the bank said. "Management intends to start off entirely with the company-owned fleet" and to use an internally developed ride-hail app.

Deutsche Bank also raised its price target for Tesla shares to $370 from $295. Tesla shares were trading down nearly 1% at $386.04 on Monday.




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