Tesla Targets Jun. 12 Launch of Robotaxi Service in Austin
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The most recent sales come from Ira Ehrenpreis and Kimbal Musk. Ehrenpreis, who is the founder of venture capital firm DBL Partners, filed Form 144 for the sale of 477,572 Tesla shares worth around $162.1 million. The sale comes from the exercise of options.
With a steady price target of $280, Truist Securities maintained its Hold rating on Tesla Inc. (NASDAQ:TSLA) shares on May 24. Analyst William Stein offered insights into how Tesla’s upcoming Robotaxi service might affect the company’s stock price.
Waymo is currently on the road in several cities, with some analysts concluding that it has already overtaken Lyft in areas of San Francisco where Waymo operates. Meanwhile, Tesla's (NASDAQ: TSLA) autonomous robotaxi service is set to launch next month in Austin,
Waymo and Baidu's Apollo Go are leading the robotaxi race with impressive milestones, while Tesla's promises are yet to become reality.