Tesla targets 2024 launch for robotaxi fleet in the US
Deutsche Bank raises Tesla stock price target after robotaxi updates.
Tesla plans to launch its highly anticipated robotaxi service in California and Texas next year, supported by human teleoperators for added safety. The initiative will rely on a company-owned fleet and an internally developed ride-hailing app, according to a Deutsche Bank note following a meeting with Tesla’s investor relations team.
A more affordable Tesla vehicle is still on track for release in the first half of 2024, with additional models expected later in the year. The move underscores Tesla’s commitment to advancing autonomous technology while addressing safety concerns with teleoperator oversight.
Deutsche Bank highlighted the potential need for human intervention in early stages of the robotaxi rollout, ensuring redundancy in operations. Following these updates, the bank raised its Tesla stock price target to $370, reflecting confidence in the company’s future prospects.
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