Core Insights - Tesla is initiating trials for its ridesharing service, allowing employees to access it, with plans for broader expansion later in the year [1][2] - The ridesharing service utilizes Tesla's full self-driving (FSD) features, although vehicles still require driver supervision [2] - Tesla aims to launch a driverless version of the software, starting in Austin with 10 to 20 Model Y vehicles, before expanding to other cities and models [3] Company Developments - Tesla plans to introduce a purpose-built two-seater vehicle called Cybercab, which will not have a steering wheel or pedals, with large-scale production expected next year [4] - The company is facing sluggish sales, reporting its worst quarter in years, prompting CEO Elon Musk to reduce his government involvement to refocus on Tesla [4][5] - Tesla's stock has decreased by 41% year-to-date, with Musk stating the company is not in a critical situation despite past crises [6]
Tesla Eyes June Launch for Robotaxis Amid Decline in Sales