Tesla’s (TSLA) robotaxi app is now open to the public, marking a major milestone in the company’s autonomous driving ambitions. The app is available for download on Apple’s (AAPL) App Store and allows users to join a waitlist for the driverless ride-hailing service.
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Until now, Tesla’s Robotaxi service was limited to a select group of influencers, investors, and early testers in Austin, Texas, and the San Francisco Bay Area. By opening the app to all iOS users, Tesla is preparing to scale up its operations and bring autonomous rides to a broader audience.
With the app, users can not only request rides and manage trip details but also control vehicle climate and entertainment features during the ride.
The company said that an Android version of the app is expected soon, expanding accessibility even further.
Tesla’s Robotaxi Expansion Plans
Tesla’s Robotaxi fleet primarily consists of Model Y vehicles equipped with Full Self-Driving (FSD) software. However, these rides are not fully autonomous yet. Safety monitors remain onboard as Tesla’s FSD system remains classified as Level 2 autonomy, requiring human oversight.
Meanwhile, TSLA continues to expand the service. The company recently expanded its Austin service area to 190 square miles, including major hubs like Giga Texas and Austin-Bergstrom International Airport.
Importantly, CEO Elon Musk recently hinted that the service could reach half of the U.S. population by year-end, with plans to launch in Arizona, Nevada, Florida, and other parts of California.
However, the company continues to face regulatory challenges. The National Highway Traffic Safety Administration (NHTSA) is currently investigating reports of traffic violations by Tesla’s vehicles during the initial days of the Austin launch. Also, TSLA needs to secure additional permits in California to offer fully autonomous rideshare services in the state.
What Is the Prediction for Tesla Stock?
Turning to Wall Street, TSLA stock has a Hold consensus rating based on 14 Buys, 14 Holds, and eight Sells assigned in the last three months. At $309, the average Tesla price target implies a 7.55% downside risk. The stock has gained 19.7% over the past six months.
