NDTV·4 min read·medium

"No Steering Wheel, No Pedals": Musk's Taxi Service Bets On Public Trust

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Associated Press
"No Steering Wheel, No Pedals": Musk's Taxi Service Bets On Public Trust
AI Summary

Tesla has deployed driverless Cybercabs in Austin, Texas, as part of a push to advance its autonomous taxi service. The company faces significant hurdles, including public skepticism, regulatory challenges, and competition from established rivals like Waymo.

Why it matters

The success of Tesla's autonomous taxi service is critical for the company's stock valuation and its ability to pivot toward a software-driven business model amid declining vehicle sales.

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Elon Musk sent dozens of self-driving Cybercabs without steering wheels or brake pedals onto the streets of Austin, Texas, on Thursday, betting that Americans will overcome their fears of rides with "no control" and hop inside.The rollout of the gold-colored Teslas, which give passengers no way to take control in an emergency, comes as the company prepares to launch the service in other cities. Tesla shares have suffered amid a slump in vehicle sales, but they rose more than 5% Thursday on hopes that the futuristic-looking taxis will catch on quickly."No steering wheel, no pedals," Tesla teased on X before the launch.

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