Tesla's Robotaxi Just Launched in Miami. Here's How Small the Service Area Really Is
Sometimes it seems like Elon Musk is at the forefront of every new frontier, but that isn't always the case.
Overview
Tesla (NASDAQ: TSLA) has been refocusing its business on robots, aiming to ramp up production of its Optimus humanoid robot. However, this is part of a broader push for autonomous machines, including self-driving cars. As usual, CEO Elon Musk has lofty aspirations, but investors need to put them into perspective. And the recent launch of Tesla's Robotaxi services in Miami offers just the opportunity.
The Robotaxi that Elon Musk is so excited about is a self-driving car service built on the Tesla vehicle platform. It is a logical next step for Tesla's electric cars, as the company has long been working on self-driving technology. It could be a big deal, potentially eliminating the need for people to own their own cars. However, that's likely a very distant outcome.
Image source: Tesla.
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Originally published at www.fool.com.