Rivian is going multi-modal, while Tesla champions a vision-only approach. Which philosophy will ultimately own the road?

Tesla said it would cover half the US with Robotaxis by now, then backpedaled to 8 cities, and is now delaying 5 of them.

When Tesla ( TSLA +0.73%) reported its first-quarter (Q1) results on April 22, it was a much better showing than anticipated. Its revenue increased 16% year over year (YoY) to $22.4 billion; its EPS beat analysts' expectations; and its $1.4 billion in free cash flow really stood out because it was the complete opposite of what analysts expected.

Tesla is planning to expanding its Robotaxi service to "dozen or so states" by the end of the year, its CEO Elon Musk told investors.

Tesla launched 'Robotaxi' in Dallas and Houston with virtually zero availability — just days before Q1 earnings. Data shows the same pre-earnings pattern as January.

Tesla removed a timeline for five robotaxi launches in its latest earnings report. It comes as the company spends $25 billion to support AI efforts.

Tesla recently expanded its robotaxi services into Houston and Dallas, doubling the number of cities it offers ride-hailing trips in. So far, just a few vehicles are being deployed in Houston and Dallas,

Even if its Robotaxi service flops, relatively speaking, Tesla will survive. The company's electric-vehicle business, energy-storage unit, and manufacturing scale remain formidable. The real risk revolves around its stock price, which already reflects the future value of a successful Robotaxi business.