Tesla Readies a Taxi Service in San Francisco—but Not With Robotaxis

Tesla has publicly staked its future on its [robotaxis](https://www.wired.com/tag/robotaxis/). Now the company is planning to launch a public car service in the San Francisco Bay Area. [Tesla](https://www.wired.com/tag/tesla/) is calling it a “robotaxi” service, but legally, this one will have to use cars with human drivers. The plan appears to put the electric carmaker in murky legal waters in a US state with the country's most tightly regulated autonomous vehicle industry—and where Tesla is already being sued for misleading language around its driver assistance tech. On Friday, a spokesperson for the California Public Utilities Commission, which regulates ride-hailing and taxi services in the state, said that Tesla informed the agency Thursday that it planned to expand an employee-only taxi service to friends and family of employees and “select” members of the public. Technically, Tesla is legally in the clear to launch this sort of service in California: [In March, it obtained](https://www.wired.com/story/tesla-got-a-permit-to-operate-a-taxi-service-in-california-but-theres-a-catch/) a “Transportation Charter Party” permit to take Tesla employees on prearranged trips with a driver behind the wheel. But Tesla is *not* legally permitted to operate an autonomous vehicle-based service there. Read more: [https://www.wired.com/story/tesla-robotaxi-san-francisco-bay-area/](https://www.wired.com/story/tesla-robotaxi-san-francisco-bay-area/)

Next big thing: taxi and diner operator! Calls!

Stock still up on the original news of expanding to San Francisco.  Anything positive and this shit shoots up. Anything negative and maybe a little move down on a huge move up right afterwards.  Who the fuck buys the stock up? You need billions every day based on the capitalization and that volume... It can't be just the fanboys. I just don't get it

Reminds me of the Jeb Bush "please clap" moment. Musk has basically become Jeb Bush.

I am with you. The facts are so obvious. Not sure where all the purchasing money is coming from and what they are evaluating before buying.

Let's not exaggerate the stock has done nothing for years and still below $350. While the stock market is at all times high. A shift in sentiment of the whole market and Tesla stock goes to shit. I am happy it stays there so I can keep collecting between 1 and 3k weekly selling OTM calls.

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How many San Franciscans does Elon think will use his robotaxi services? Most of them hate his Nazi-loving ass. The only way he could possibly get any business is if he underpriced Waymo by a LOT.

Or Lyft, Uber, ZOOX oh and you know Taxi’s.

Algos, market makers and 100x leveraged 0dte options do their magic. Rugpull and crash-ups are flip-flopping this stock. Edit: and yes, it‘s annoying. Edit 2: listen to some of the Bloomberg interviews and other „stock influencers“, they got some wild theories and it will take a while until reality hits.

Hasnt even applied for the proper permit to operate an Av taxi service with a driver behind the wheel. Its all just smoke and mirrors.

Some of those fan boys are using other people money to buy the stock.

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It’s not a service, it’s a show. If the public can’t use it what kind of service is it?

I'm bullish on this "Fred's Human Driven Jalopnik Service". I have the feeling we got a proper disruptor on our hands. When is the IPO?

"The company will be giving Indian teleoporatives a combination of meth and caffeine to smoke freely. This means under our subscription plan your car can be earning you $$$ 24 hours a day, 7 days a week, even when you sleep"

I happened to be listening to Bloomberg the other day after their shitty earnings report and it was nothing but insane Tesla glazing. The entire mainstream media is just taking everything Elon says at face value. Actually it's worse; because Elon omits specific details (because he's lying) they concoct their own fantasy narratives. There is only one negative narrative for this stock, which is completely obvious. And then there are like 8 fantasy positive narratives. That's why the stock is pumped: they can only keep repeating the obvious case against the stock so many times, so the fairy tale ones eat up all the airtime.

I've got a theory that there are a lot of Defi loans happening to buy up stocks, you look at the market as a whole and the P/E ratio is over 30 and heading higher.

Since it is Tesla employees and families only and it’s probably free it will be cheaper than Waymo. Also it’s vaporware.

400 billion can do a lot of things, including propping up this doggy ass stock

No kidding....a taxicab with a driver! How innovative, wish I'd of thought of that

they also have alot of diehard analysts and funds that are ride or die at this point I believe.. like wedbush and their 500 PT after the ER. they can't stop believing or their shares are worthless

Desperation to increase revenue.

The stock is overvalued by at least 90%, likely 95%, arguably more. Go back in time one year, back when Tesla stock was $216, a $700 billion company. Now imagine telling a Tesla analyst or investor that sales are down, revenue is down, margins are down, profits are down, the brand is in the tank because Elon destroyed aspects of the US government killing tens or hundreds of thousands around the world, leading to nationwide protests and collapsing sales in Canada and Europe, the cybertruck is a complete flop and the robotaxi launch is 10 vehicles driving a couple hundred miles a day with a guy in the front seat only available to online Tesla fanboys and there are still regular documented incidents with the driving. Do you think that person would expect the stock to be up 43%?

Is it really expansion when you are doing less in a new area.. it's like spreading the same amount of butter over 2 then 3 slices of toast...

Cathie Wood recently added to her already huge Tesla holdings. I don’t know why people trust her with money. She had good timing coming out of the pandemic by going heavy with Tech, but since then she’s had terrible returns. Other than 2020/2021, she’s left a lot of money on the table for shareholders.

Sorry if this was brought up already, but has anyone 'gamed' the potential (for a whale, or maybe Elmo himself) to game the market in such a way that they are consistently making money because they are playing not just the stock, but options, ETFs (especially the levered ones), the media (via Ives, Wood, etc) and the best buddy in the WH. Kind of a LTCM thing but focused on a single company. I mean the stock is shit, there cannot possibly be enough 'true believers' out there to provide the billions it takes to move this thing up like this past Friday. I've wondered if maybe the Chinese or Saudis were providing support, but why at this point. But if you could control the narrative so that on most days, the talking heads are going to parrot what you want (robotaxi worth 1T, building diners across the county, yada, yada), then you could pretty much print money whether the stock goes up or down because whatever you might have lost in the stock itself is more than made up for by having played the other side via options or levered etf's. Of course, such a system only works as long as there is some semblance of a functioning company at the core, and the last report paints a picture of a company soon to go FCF negative.

I lived there for 20 years, and I can say with good confidence that cybercabs are going to be high priority vandalism targets.

> Do you think that person would expect the stock to be up 43%? Off course not, This is a meme stock no doubt about it. I took quite a big hit after Q1 earnings because I kept selling calls when the stock was back to 250 never expected it to rip out again. But if you go back 2 years it was $260 already 26% below the current price vs 40% increase of the SPY. Go back 3 years and it was $300, 6% below the current price. While the SPY grew 60%. I am just saying it is in my best interest the stock keep moving in range at the current inflated price so I can keep selling call for the next 3 years while cultist wait for the "next year" FSD, Robotaxi, Optimus promises.

index funds for one. every time someone buys the s&p, 1.78% is tesla

Haha haha ha ha haaaaAHAHAHAAAAAA!!

40% of Tesla stock is owned by retail. They are quickly proving to be the dumbest investors.