Elon Musk doesn’t want to be known as the “boy who cried FSD” anymore, a moniker he gave himself for his many years of repeated promises related to autonomous driving. Now, he claims that Tesla’s (TSLA) technology is better than ever and will be used for rideshare services as soon as June.

In recent years, rideshare services have taken off in popularity. With the newfound capability of hailing a ride at almost any day or time straight from your smartphone, services like Uber and Lyft have become a part of everyday existence,

Full self-driving (FSD) vehicles are coming to Austin, Texas, this summer, according to Elon Musk. On an earnings call, Musk announced a tentative start for his robotaxi service. This will be limited to Tesla’s fleet and won’t include any customer cars, though using your own Tesla as an autonomous Lyft or Uber could happen in the future.

A more favorable federal regulatory and legislative environment may help propel the growth of driverless ride-hailing vehicles in the United States.

Shares of Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) moved lower on Thursday, with Uber's stock declining 3.4% and Lyft's stock falling 3%, amid positive comments from Tesla (NASDAQ:TSLA) about its upcoming robotaxi efforts.

The Solana-based Teleport, which aimed to be a decentralized ridesharing Uber killer, has shut down, citing a lack of market readiness.

Waymo, the California-based autonomous vehicle company, has brought a limited fleet of vehicles piloted by trained, human autonomous specialists to test on Las Vegas roads, company officials

Alphabet-owned Waymo plans to test its autonomous taxis in cities including Las Vegas and San Diego this year.

Tesla's robotaxis will be available for paid trips and operate without someone behind the wheel in existing Tesla models.

The average fuel price in state has risen about 8 cents since last month. According to the EIA, gas prices across the state in the last year have been as low as $2.51 on Dec. 16, 2024, and as high as $3.27 on May 6, 2024. A year ago, the average gas price in Texas was 2% lower at $2.61 per gallon.

Tesla is planning on launching a self-driving paid service in Austin later this year, CEO Elon Musk confirmed in a Tesla earnings call Wednesday.

Tesla Inc. is planning on launching a self-driving paid service in Austin later this year, CEO Elon Musk confirmed in a Jan. 29 earnings call. “We feel confident in being able to do an initial launch of unsupervised, no one in the car, full self-driving in Austin in June,” Musk said on the call.