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Elon Musk claims Tesla will launch a self-driving service in Austin in June

1. Tesla plans to launch a paid robotaxi service in Austin by June. 2. Service will utilize 'unsupervised' Full Self-Driving software without any passengers. 3. Musk previously announced concepts for a ride-hailing service back in October. 4. Tesla is reportedly negotiating with Austin officials to facilitate the launch. 5. The robotaxi concept aligns with Tesla's broader autonomous vehicle goals.

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FAQ

Why Bullish?

The anticipated launch of a robotaxi service could enhance TSLA's growth narrative, similar to prior successful service expansions.

How important is it?

The introduction of a robotaxi service is significant for Tesla's strategy but lacks defined timelines and details.

Why Long Term?

The establishment of an autonomous ride-hailing market may take time, echoing previous developments in Tesla's full self-driving advancements.

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