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Tesla Plans Robotaxi Launch Backed by Human Teleoperators, Says Deutsche Bank

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Tesla Inc. (TSLA.O) is planning to debut its robotaxi service in California and Texas next year, supported by human teleoperators for added safety and redundancy, according to a report by Deutsche Bank. The update followed a meeting with Tesla’s head of investor relations, Travis Axelrod, and was published in a note on Friday.

Key Highlights

  • Robotaxi Service: Tesla intends to use a company-owned fleet for the initial phase of its robotaxi operations. The vehicles will be monitored by human teleoperators to ensure safety during the early rollout phase.
  • Ride-Hailing Platform: The service will rely on Tesla’s proprietary ride-hail app, currently under development.
  • Launch Timeline: Tesla continues to target the first half of 2024 for the launch of its highly anticipated lower-cost vehicle, with additional models expected later in the year.

Deutsche Bank’s Analysis

Deutsche Bank noted that Tesla is focusing on maintaining safety during the early stages of the service. “Management believes it would be reasonable to assume some type of teleoperator would be needed at least initially,” the bank stated.

The automaker’s robotaxi service goal for 2024 aligns with its broader strategy to expand its autonomous vehicle capabilities and disrupt the ride-hailing market.

Stock Market Impact

Deutsche Bank raised its price target for Tesla shares from $295 to $370, reflecting optimism over the company’s advancements in autonomous technology and forthcoming product launches. Despite this, Tesla’s shares were trading down nearly 1% at $386.04 on Monday.

Looking Ahead

With its focus on safety and redundancy, Tesla’s planned robotaxi service could reshape the ride-hailing industry if successfully implemented. However, challenges related to regulatory approvals, technology reliability, and market competition may impact its rollout and adoption.

Waymo to Expand Robotaxi Operations to Miami by 2026

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Waymo, the Alphabet-owned autonomous vehicle company, is preparing to launch its robotaxi service in Miami. The company announced on Thursday that it will begin testing its self-driving vehicles in the city with human safety drivers in 2025, with plans to open its fully autonomous ride-hailing service to the public by 2026 via the Waymo One app.

This move highlights Waymo’s growing confidence in operating its autonomous vehicles in challenging weather conditions, a significant milestone for scaling its operations in major metropolitan areas across the U.S.

Building Expertise in Adverse Weather

Waymo’s decision to target Miami follows earlier testing in the city in 2019, during which the company focused on refining its vehicles’ ability to handle wet and rainy conditions.

“We deepened our learning and understanding of the Waymo Driver’s performance in adverse weather conditions,” a spokesperson for the company said.

When Waymo resumes operations in Miami in 2025, it will deploy its all-electric Jaguar I-PACE fleet. The initial service territory will encompass select parts of Miami’s larger metropolitan area, home to over 6 million people.

Recent Expansion and Strategic Partnerships

Waymo’s Miami plans come amid rapid nationwide growth. In November, the company removed its waitlist of 300,000 people in Los Angeles, making its robotaxi service available to all across nearly 80 square miles. It also operates citywide in Phoenix and San Francisco, offering more than 150,000 paid rides weekly through the Waymo One app.

In September, Waymo partnered with Uber in Austin and Atlanta to integrate its robotaxis into the Uber app starting in 2025. Uber will oversee fleet management and vehicle maintenance under the partnership.

Waymo also announced a new collaboration with mobility company Moove, which will handle fleet operations, charging, and facilities for Waymo vehicles in Miami and Phoenix. Moove will begin managing Waymo’s Phoenix fleet in early 2025.

Funding and Competition

Waymo secured $5.6 billion in funding in October, led by parent company Alphabet and backed by investors like Andreessen Horowitz, Fidelity, and Silver Lake. These funds are driving the company’s expansion across the U.S.

While Waymo leads in commercial robotaxi operations across multiple cities, competition is intensifying.

  • Cruise (owned by GM) is working to resume services after halting operations following a pedestrian-injury accident in San Francisco.
  • Tesla plans to launch a self-driving ride-hailing service by 2025 but still classifies its current Full Self-Driving system as partially automated.
  • Amazon-owned Zoox and SoftBank-backed Wayve are testing autonomous vehicles, with Zoox focusing on cars without steering wheels.

What’s Next for Waymo

With Miami as its next target, Waymo continues to solidify its position as a leader in autonomous transportation. The company’s expansion underscores its ambition to operate in diverse environments, making robotaxis a reliable and accessible mode of transportation for millions across the U.S.

Baidu Secures License to Test Autonomous Vehicles in Hong Kong

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Baidu’s Apollo robotaxi service has received approval to test autonomous vehicles in Hong Kong, marking the company’s first license for self-driving car trials outside mainland China. Hong Kong’s Transport Department announced Friday that Baidu Apollo International Ltd is authorized to conduct tests with 10 autonomous vehicles in the North Lantau region.

The license, valid from December 9, 2024, to December 8, 2029, will initially permit only one autonomous vehicle on specified road sections at a time. A backup operator will be required to remain onboard to take control of the vehicle if needed during the trials.

This approval is the first issued under Hong Kong’s new regulatory framework for autonomous vehicles, introduced in March 2023. While the Hong Kong government has promoted autonomous vehicle technology since 2017, public road trials have been limited until now.

Baidu’s Apollo Go service operates across several mainland Chinese cities, including Wuhan, where it manages a fleet of over 400 autonomous vehicles, the largest in the region. With competition in the autonomous vehicle sector intensifying, Baidu aims to expand its robotaxi services internationally to locations such as Hong Kong, Singapore, and the Middle East, according to recent reports.

The Hong Kong trial represents a significant step in Baidu’s global ambitions for its autonomous vehicle program and underscores the city’s evolving stance on integrating cutting-edge technology into its transportation ecosystem.