<div id="readability-page-1"><div><div>CEO Elon Musk has announced the launch date for Tesla Inc.’s TSLA long-anticipated robotaxi service in Austin, Texas, on June 22, but experts are skeptical over its success.What Happened: Musk is placing a significant bet on the future of Tesla, with the robotaxi service expected to provide a much-needed financial boost amid declining sales and profits. However, experts suggest that the real competition for Tesla may come from human drivers working for ride-sharing companies like Uber UBER and Lyft LYFT, reported CNN.Bryant Walker Smith, a scholar at the Center for Internet and Society at Stanford Law School, highlighted the economic challenge of competing with Uber drivers who maintain their own older vehicles while earning less than minimum wage compared to the high pay for Tesla engineers and mechanics.&#34;The challenge is less technological and more economic,&#34; cautioned Smith. Meanwhile, GLJ Research analyst Gordon Johnson predicts, &#34;This is a Tesla proof of concept exercise, not a rollout or a testing of a commercial asset for sale.”While Elon Musk remains confident in the potential of autonomous vehicles (AV) and robotaxis, traditional automakers like General Motors GM and Ford F have already abandoned their plans for similar services.Notably, Google parent Alphabet GOOG GOOGL does not reveal the specific financial performance of its autonomous vehicle unit, Waymo. However, the division that encompasses Waymo reported a $4.1 billion loss last year, despite Alphabet investing $5.6 billion into it.Today's Best Finance DealsWhy It Matters: The news of Tesla’s robotaxi launch comes amid a rapidly evolving landscape in the autonomous vehicle industry. Previously, experts like Gary Black had described the launch as an “experiment” rather than a market test.Meanwhile, Uber Technologies Inc. UBER has been making significant strides in the robotaxi space, with a 37.53% increase in its stock price in 2025. The company’s robotaxi partnership with Wayve, along with its dominant market share in the U.S. rideshare industry, has kept investors optimistic about its future in the autonomous vehicle market.The success of Tesla’s robotaxi service will depend on how it navigates these challenges and proves its viability in the competitive market.On a year-to-date basis, Tesla stock declined 15.86%, according to data from Benzinga Pro. Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today! <ul> <li>READ MORE: As Layoffs Mount, One Question Is Getting Louder: What Happens To Skyscraper Offices In Cities Like Boston When People Are Replaced By AI?</li> </ul>Image via Shutterstock</div></div></div>

UBER

TSLA

LYFT

TSDD

TSLL

TSLQ

09366

07766

07366

TSLR

Elon Musk announced the launch of Tesla's robotaxi service in Austin, Texas, on June 22, but experts express skepticism about its success. The main competition may come from human drivers for Uber and Lyft, as they operate older vehicles at lower costs. Analysts view the launch as more of a proof of concept rather than a commercial rollout. Meanwhile, Uber's stock has risen significantly, and the success of Tesla's service will depend on its ability to compete in this challenging market.

- CEO Elon Musk announced the launch of Tesla's robotaxi service in Austin, Texas, on June 22, amid skepticism from experts regarding its success.  
- The service aims to boost Tesla's finances as sales and profits decline, but competition from ride-sharing drivers poses significant economic challenges.  
- While Musk remains optimistic about autonomous vehicles, traditional automakers have abandoned similar plans, and Tesla's stock has declined 15.86% year-to-date.

Benzinga

Uber Tech

Tesla

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

XI2CSOPTSLA

GraniteShares 2x Long TSLA Daily ETF

Alphabet - C

Alphabet

Elon Musk's Robotaxis May Struggle More Against Uber, Lyft Human Drivers Than Tesla's Self-Driving Rivals Like Waymo: 'The Challenge Is Less Technological And More Economic'