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Tesla Cybercab
Pay no attention to this gold Tesla Cybercab. The robotaxi service expected to launch Sunday will be using Model Ys instead (Mustafa Yalcin/Getty Images)

Here’s the lowdown on Tesla’s looming robotaxi launch, including where invites landed

Some of the company’s biggest fans will be able to hail rides starting Sunday, albeit with a chaperone in the front passenger seat. Dan Ives thinks this could be the beginning of a $1 trillion market cap add.

Tesla watchers have been waiting for years for the launch of the company’s long-delayed autonomous robotaxi service. Finally the launch appears imminent, set for Sunday, but in a much more subdued manner than had been promised.

That hasn’t dimmed expectations among Tesla’s biggest bulls, including Wedbush Securities analyst Dan Ives, who wrote this morning:

“...we view this autonomous chapter as one of the most important for Musk and Tesla in its history as a company... as we believe the AI future at Tesla is worth $1 trillion to the valuation alone over the next few years.”

Overnight, a select few were welcomed to use the invite-only robotaxi service gearing up to launch in Austin on June 22. Here’s what we know about the robotaxi launch so far:

Invites are for Tesla friends only. The company unsurprisingly invited its biggest fans, including X users Sawyer Merritt, Whole Mars Catalog, and Kim Java.

Many were also people who paid for Tesla’s original full self-driving beta program back in 2020.

You will not be alone with the machine. A “Tesla Safety Monitor” will be “sitting in the front right passenger seat.” The service will also have teleoperators watching to intervene. “We do have remote support, but it’s not going to be required for safe operation,” CEO Elon Musk said during the latest Tesla earnings call. “Every now and then if a car gets stuck or something, someone will like, unlock it.”

It will have have 10 to 20 cars. The robotaxi service in Austin will launch with 10 to 20 cars, as Musk had said on the company’s latest earnings call. Wedbush’s Ives says the launch will have roughly 20 vehicles, while the Financial Times has pegged that number closer to 10.

Say hello again to the Model Y. The robotaxi vehicles will by Model Ys and not the Cybercabs, which are still scheduled for production next year, according to Tesla.

The service runs from 6 a.m. to midnight every day. Robotaxis too, it seems, need to sleep. Like human drivers, the service also might avoid driving during bad weather.

Like Google’s Waymo, Tesla’s robotaxis will be geofenced. Musk has said the service will avoid difficult areas, though the exact parameters are unknown, other than that it won’t include airports. They’re “not going to take intersections unless we are highly confident [they’re] going to do well with that intersection, or it’ll just take a route around that intersection,” Musk said in a CNBC interview last month.

It’s still possible it might not happen. Musk himself earlier this month said the date was tentative and “could shift.” Meanwhile, a group of Democratic lawmakers in Texas have asked that Tesla delay its launch until September, when a new law goes into effect that will require autonomous vehicle companies to apply for authorization to operate. Currently, autonomous ride-hailing services don’t need any special permits to drive in Texas. It’s not clear if Tesla will respond.

The service is supposed to scale very quickly, but Musk always overpromises. Musk said on the last earnings call that “there will be millions of Teslas operating autonomously in the second half of next year.” Of course, we’re still not on Mars yet, either.

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Apple to let users choose between Anthropic, Google, and OpenAI models

Apple has been inching toward letting outside AI power its devices — and now it’s going further.

The company plans to let users choose between rival AI models across iOS 27, due this fall, expanding beyond ChatGPT to include players like Google and Anthropic, Bloomberg reports. The difference this time: deeper integration, with outside models powering features like Siri, writing tools, and image generation across the system.

Currently, Apple’s voice assistant, Siri, gives users the ability to query ChatGPT, but doing so requires a clunky extra step and usage has been poor. Meanwhile, Apple’s own AI tools have fallen short. (Apple has decided to use Google’s Gemini to power Siri in the future.) It’s not clear users care which AI is under the hood — as long as it works.

Currently, Apple’s voice assistant, Siri, gives users the ability to query ChatGPT, but doing so requires a clunky extra step and usage has been poor. Meanwhile, Apple’s own AI tools have fallen short. (Apple has decided to use Google’s Gemini to power Siri in the future.) It’s not clear users care which AI is under the hood — as long as it works.

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FactSet and S&P Global fall after Anthropic releases financial services agents

FactSet and S&P Global are trading lower after Anthropic unveiled a set of AI agents meant to automate financial services work. Both stocks also sold off earlier this year after Anthropic’s Claude introduced financial research tools.

The 10 agents handle tasks like earnings analysis, market research, financial modeling, and auditing — tasks that mirror how analysts use FactSet and S&P Global’s data and research platforms.

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Big publishers sue Meta over AI training

A group of major publishers, including Elsevier, McGraw Hill, and Hachette, sued Meta on Tuesday, alleging the company used millions of pirated books and journal articles to train its Llama models. The case escalates earlier lawsuits led by individual authors, bringing in deeper-pocketed players with more coordinated legal firepower.

Meta says AI training qualifies as fair use and plans to fight the class-action lawsuit. But the stakes are rising: a similar case against Anthropic settled for $1.5 billion last year, and courts have yet to determine a consistent standard for evaluating such claims.

Meta says AI training qualifies as fair use and plans to fight the class-action lawsuit. But the stakes are rising: a similar case against Anthropic settled for $1.5 billion last year, and courts have yet to determine a consistent standard for evaluating such claims.

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Alphabet to tap international bond markets again as AI spending surges

Alphabet is tapping European debt markets again as its AI spending ramps up.

The Google parent is selling at least €3 billion ($3.5 billion) in bonds across six tranches, according to Bloomberg. The filing says that it’s for “general corporate purposes,” and the timing aligns with its plans to spend up to $190 billion this year on data centers and other AI infrastructure. In a separate filing released today, Alphabet also said it’s issuing Canadian dollar-denominated bonds, colloquially referred to as a maple bonds,” but no values were available.

These are the latest in a broader funding push as the company increases its already high capex expectations. Earlier this year, Alphabet raised about $20 billion in a heavily oversubscribed US bond sale and also tapped sterling and Swiss franc markets as part of a roughly $32 billion deal.

These are the latest in a broader funding push as the company increases its already high capex expectations. Earlier this year, Alphabet raised about $20 billion in a heavily oversubscribed US bond sale and also tapped sterling and Swiss franc markets as part of a roughly $32 billion deal.

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Tesla told European regulators it expects “EU-wide” FSD approval in second or third quarter

Weeks after Dutch regulators became the first in the EU to approve Tesla’s Full Self-Driving (Supervised) system, internal emails viewed by Reuters show the concerns the company still faces across the bloc. That includes regulator questions about speeding, performance on icy roads, and whether calling a system that requires constant driver attention “Full Self-Driving” is misleading.

CEO Elon Musk has blamed Tesla’s weak European sales on the lack of FSD and is betting that wider approval could help turn things around.

That rollout may take longer than hoped: while Musk had pointed to earlier approval, a presentation in the correspondence reviewed by Reuters says Tesla now expects “EU-wide” clearance in the second or third quarter of 2026.

European vehicle regulators are meeting in Brussels today to discuss the matter, but the earliest possible vote would be in July.

CEO Elon Musk has blamed Tesla’s weak European sales on the lack of FSD and is betting that wider approval could help turn things around.

That rollout may take longer than hoped: while Musk had pointed to earlier approval, a presentation in the correspondence reviewed by Reuters says Tesla now expects “EU-wide” clearance in the second or third quarter of 2026.

European vehicle regulators are meeting in Brussels today to discuss the matter, but the earliest possible vote would be in July.

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