Transportation

Musk Exudes Optimism About Tesla Robotaxis After Earnings Miss

EV maker plans paid self-driving service in Austin by June
Automotive gross profit margins shrink to lowest in years

A Tesla store in Palo Alto, California, US, on Tuesday, Jan 28, 2025. Tesla Inc. is scheduled to release earnings figures on January 29.Photographer: David Paul Morris/Bloomberg

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By Kara Carlson

January 29, 2025 at 9:09 PM UTC

Updated on

January 30, 2025 at 3:16 PM UTC

This article is for subscribers only.

Tesla Inc. fleshed out plans to launch a robotaxi business Elon Musk is counting on to help usher in next phase of growth, after the company posted quarterly earnings that missed estimates.

The electric-car maker expects to start offering a paid service in Austin this June using self-driving Teslas that won’t rely on humans supervising the steering wheel, Musk said Wednesday.