Finance
Tesla aims to launch robotaxi with teleoperator backup, Deutsche Bank says
Published by Global Banking & Finance Review®
Posted on December 9, 2024
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 9, 2024
2 min readLast updated: January 27, 2026
Tesla plans to launch a robotaxi service with teleoperator backup in California and Texas next year, starting with a company-owned fleet.
(Reuters) - Tesla aims to start its robotaxi service with a company-owned fleet backed up by human teleoperators for safety, Deutsche Bank said in a note after a meeting with the company's head of investor relations.
The electric vehicle maker still is shooting for a launch of its cheaper vehicle in the first half of next year and other models later in the year, the bank said after the meeting with investor relations chief Travis Axelrod. It published the note on Friday.
Tesla plans to launch robotaxi service in California and Texas next year, Deutsche Bank said. Tesla had set that goal earlier this year.
Axelrod did not respond to a request for comment.
"Tesla believes it would be reasonable to assume some type of teleoperator would be needed at least initially for safety/redundancy purposes," the bank said in the note. "Management intends to start off entirely with the company-owned fleet" and to use an internally developed ride-hail app, it said.
Deutsche Bank also raised its price target for Tesla shares to $370 from $295. Tesla shares were trading down nearly 1% at $386.04 on Monday.
(Reporting by Rachael Levy, Abhirup Roy and Chris Kirkham; Editing by Peter Henderson and Matthew Lewis)
The article discusses Tesla's plans to launch a robotaxi service with teleoperator backup for safety.
Tesla plans to launch the robotaxi service in California and Texas.
Deutsche Bank raised the price target for Tesla shares to $370.
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