General Motors is charting a technological future focused on its Super Cruise driver assistance technology, similar to Tesla's Autopilot, with the expectation of bringing in billions of dollars in revenue.

In another move to bolster investor confidence, Musk also revealed that Tesla is intent on producing more "affordable" vehicles, which are tipped to be based on (and look eerily similar to) the Model 3 and Model Y, but cost in the region of $30,000 to $40,000 (roughly £28,000 / AU$55,000). Not the $25,000 car that was rumored last year.

The driverless taxis will use Tesla's unsupervised Full Self-Driving software, but they're not Cybercabs, which won't be built until at least 2026.

The claim of the vehicles driving around, carrying passengers with no driver behind the wheel by June borders on ridiculous. The numbers just don't back it up

Tesla CEO Elon Musk announced during the earnings call for the latest quarterly results that his company intends to launch its long-awaited Robotaxi service

Tesla plans to launch a driverless taxi service in Austin, Texas, as early as June 2025, Elon Musk announced during a conference call following the company’s quarterly results, Azernews reports.

WeRide CFO Jennifer Li told Business Insider that China's high-tech EV industry was giving its robotaxi firms a major advantage.

Tesla introduces automated vacuum cleaner for robotaxis, as Elon Musk confirms the service will launch this summer.

Waymo currently operates fully autonomous rides for the general public in the San Francisco, Phoenix and Los Angeles areas via its Waymo One app. But in 2025, the company plans to add more locations to its roster,

With $97.7 billion in revenue, Tesla recorded a $7.1 billion net income for 2024. In comparison to full-year 2023 figures, net income fell 53% despite sales that rose by a meager 1%. The company's car sales dropped 6% to $77.1 billion.

Tesla appears overvalued again and recommend trimming TSLA due to overly optimistic projections around future products. Click for this TSLA update.