Tesla’s Robotaxi Launch: Uber’s Stock Braces for Impact

Elon’s autonomous gambit throws ride-hailing giant into uncharted territory—just as Uber finally turned a profit. Timing’s everything, isn’t it?

Wall Street’s favorite disruptor meets its match. Tesla’s 6/3 robotaxi debut could gut Uber’s premium valuation overnight—or prove autonomous hype is still years away from reality. Either way, analysts are scrambling to update models between martini lunches.

Here’s the kicker: Uber’s entire market cap now hinges on whether Tesla’s tech actually works. No pressure, Musk.

More on the Tesla Robotaxi Launch

Tesla robotaxi operations will begin with around 10-20 Model Y vehicles in geofenced Austin areas, and they’ll be using remote supervision instead of in-vehicle operators. The launch also represents Tesla’s bid to capture a share of the autonomous vehicles market, which will reach $13.6 trillion by 2030. “We are actually going to deploy not to the entire Austin region, but only the parts that are the safest,” Tesla CEO Elon Musk has said.

Furthermore, Uber (UBER) CEO Dara Khosrowshahi has previously shared openness to a Tesla (TSLA) partnership for the incoming Robotaxi development. Last year, Khorosorwashi noted that he WOULD “love” to work alongside Elon Musk for the project. “Obviously, competing with Elon Musk is no easy matter, and we take nothing for granted; we really want to partner with the autonomous industry,” the Uber head told the Financial Times.

Tesla’s robotaxi launch on June 12 marks a pivotal moment for TSLA stock and the autonomous vehicles industry. With analyst targets suggesting 25% upside potential and the self-driving cars market expanding rapidly, the automaker’s robotaxi service could drive significant gains for both TSLA and AI stocks focused on autonomous technology. Alternatively, Uber’s current price forecasts of growth could be stunted if Tesla’s Robotaxi launch shows promise.