Tesla's Robotaxi Just Launched in Miami -- Its First City Outside Texas and California. Can It Rescue the Stock?
The Robotaxi map is growing. The question is whether the business is growing with it.
Overview
Tesla (NASDAQ: TSLA) Robotaxis began picking up passengers in Miami on Friday -- the company's first market outside Texas and California. The service begins modestly, in a geofenced slice of western Miami-Dade County reportedly running from West Miami toward Doral, with downtown and Miami Beach left out for now.
The day before, Tesla reported 480,126 second-quarter deliveries, up about 25% year over year -- and the stock fell 7.5% anyway. But the stock is regaining some ground on Monday as investors hope the company's Robotaxi business may begin to gain steam.
Details
Is the Robotaxi business scaling fast enough to be that something?
Source
Originally published at www.fool.com.