Elon Musk Announces Launch Of New Business Venture

Pecohub
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After revealing that Tesla would begin rolling out autonomous cabs this year, Tesla co-founder and CEO Elon Musk announced the company is officially launching its robotaxi service on Sunday, June 22.

In a post on X, Musk revealed that the robotaxis will debut in Austin, Texas, and customers will pay a flat fee of $4.20.

“The (Tesla AI) robotaxi launch begins in Austin this afternoon with customers paying a $4.20 flat fee!” Musk exclaimed.

With the launch, Tesla will now look to make up ground on Waymo, which is the current king of the industry. Waymo claims to have taken 10 million paid rides in all and services several major cities, including Austin, where Tesla is debuting on Sunday.

Meanwhile, Amazon is also expected to get into the industry this year.

The mega corporation spent $1.2 billion to acquire Zoox about five years ago and it has since built a plant in Silicon Valley that is expected to produce 10,000 robotaxis per year.

However, Amazon and Zoox are not as far along as Waymo and Tesla, with the duo set to begin its service in Las Vegas later this year, and then in San Francisco next year.

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