— Elon Musk (@elonmusk) June 11, 2025 At its core, the robotaxi is a vehicle powered by the most advanced version of Tesla’s Full Self-Driving (FSD) system and a suite of eight cameras. But unlike competitors, Tesla claims its system doesn’t need expensive, pre-mapped service areas. “It just works,” the company posted on X, promising future expansion to cities like San Francisco and Los Angeles. For Musk, this is the culmination of a long-standing promise. He envisions a future fleet, including a new “Cybercab” and “Robovan” with no steering wheels or pedals, that could boost Tesla’s market value by an astonishing $5 trillion to $10 trillion. On June 20, Tesla was worth $1.04 trillion, the 11th most valuable company globally. By comparison, Microsoft ($3.54T), Nvidia ($3.50T), and Apple ($3.00T) top the leaderboard. Financial bulls share his optimism. “My view is the golden age of autonomous vehicles starting on Sunday in Austin for Tesla,” said Wedbush analyst Dan Ives. “I believe it’s a trillion dollar valuation opportunity for Tesla.” Investor Cathie Wood’s ARK Invest predicts robotaxis could account for 90% of Tesla’s profits by 2029. If they are right, this weekend’s launch was existential. 🚨BREAKING: Dan Ives says Tesla’s biggest growth chapter starts Sunday with Robotaxis He calls it a $1 trillion opportunity pic.twitter.com/FMhFx7mqeT