In a move that could redefine the ride-hailing industry, Tesla has announced plans to launch its autonomous robotaxi service in Austin

Tesla's fourth-quarter and full-year earnings day is here — a highly anticipated report that is expected to be released after market close Wednesday.

Tesla CEO Elon Musk has revealed the U.S. city where the automaker is planning to launch its first robotaxi service for paying passengers in June.

Tesla (TSLA) pledged a return to growth in 2025 on Wednesday after fourth quarter results disappointed, capping off a year that saw revenue rise just 1% while profits fell sharply from a year ago. Shares in the EV maker rose almost 3% in pre-market trading on Thursday.

The bigger news, though, is what Tesla has planned for 2025. In the first half of the year, it’s set to launch “ more affordable ” models. Precise details about these models haven’t been confirmed, although Tesla has been talking about them for quite some time.

Tesla is planning to launch more electric cars this year, including some cheaper ones, according to its latest investor relations report. It’s likely the new cars will include variants of existing models, like the best-selling Model Y and Model 3, and potentially the more affordable, once-cancelled-maybe-now-happening Model 2.

Tesla's 'full self-driving' tech is slated for this summer in Austin, Texas. The news helped raise the company's stock.

Elon Musk said today that Tesla will launch “unsupervised full self-driving in Austin as a paid service” in June.

Tesla will launch an “unsupervised, no one in the car” robotaxi service in Austin, Texas, in June, Elon Musk said in an earnings call Wednesday. “We just want to put a toe in the water, make sure everything’s okay, put a few more toes in the water, with safety of the general public and those in the car as a top priority,” Musk said.

Our collective eyebrows raised when Elon Musk said self-driving vehicles were coming to Austin this week. Yes, really. Here is senior reporter Sean O’Kane’s article detailing Musk’s claims, which he made during Tesla’s Q4 earnings call.

Elon Musk shared on the Tesla Q4 2024 conference call that Tesla will launch its FSD service in many regions in the US by the end of 2025