R ‘Ray’ Wang discusses Alphabet’s huge AI CapEx spending and the market’s expectation for continued funding. He additionally analyzes Tesla’s shift towards full self-driving, robotaxis and Optimus robots, past simply automotive manufacturing.
Tesla stated Wednesday that its robotaxi fleet has logged greater than 380,000 unsupervised miles throughout six cities in two states with out what the corporate described as a “notable” security incident.
Ashok Elluswamy, Tesla’s vp of AI software program, highlighted the fleet’s security document throughout the electrical car maker’s second-quarter earnings name, telling buyers it had recorded “zero notable incidents.”
Any reported incidents concerned “different actors impacting us after we had been stationary,” Elluswamy stated.
“I would like to emphasise how secure the operation has been thus far,” Elluswamy stated. “Zero notable incidents over 380,000 miles.”
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A Tesla robotaxi travels alongside South Congress Avenue in Austin, Texas, June 22, 2025. Tesla stated that its robotaxi fleet has logged greater than 380,000 unsupervised miles throughout six cities in two states with out what the corporate described as a “notable” (Reuters/Joel Angel Juarez / Reuters)
Elluswamy stated the outcomes help Tesla’s camera-based method to autonomous driving.
“Traditionally, the so-called consultants have at all times claimed that you simply want lidars, radars, HD maps and the whole kitchen sink to drive safely,” he stated. “Right here, we present that such shouldn’t be true. You possibly can have secure, comfy and inexpensive autonomy with simply cameras.”
Tesla stated mileage traveled by its unsupervised robotaxi fleet has grown at a double-digit weekly price for months.
“We now have grown at such a excessive compounding price on a week-over-week foundation during the last a number of months,” Elluswamy stated. “Not solely that, we anticipate to proceed rising at such a big price by means of the remainder of this 12 months.”
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A Tesla robotaxi operates on South Congress Avenue in Austin, Texas, on June 22, 2025. (Reuters/Joel Angel Juarez / Reuters)
The remarks got here someday after Tesla expanded its robotaxi service to Orlando and Tampa, in line with Reuters.
Tesla launched the service in Austin in June 2025, initially putting security screens contained in the automobiles.
It later started providing absolutely unsupervised rides in Austin and expanded the service to Dallas, Houston and Miami, Reuters reported.
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SELF-DRIVING CAR COMPANIES WAYMO, TESLA TO TESTIFY AT KEY SENATE COMMITTEE ON REGULATING GROWING INDUSTRY
Passengers exit a Waymo self-driving automotive, Dec. 26, 2025, in San Francisco. In contrast to Waymo, which makes use of lidar sensors, Tesla depends primarily on cameras and AI software program. (John J. Kim/Chicago Tribune/Tribune Information Service by way of Getty Photos / Getty Photos)
In contrast to Waymo, which makes use of “gentle detection and ranging” or “lidar” sensors, Tesla depends primarily on cameras and AI software program, in line with the outlet.
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“We anticipate that the time to launch to a brand new metropolis will proceed to development in direction of zero, in direction of an finish the place we function in complete states as an entire, as a substitute of going metropolis by metropolis,” Elluswamy added.
Tesla couldn’t instantly be reached by FOX Enterprise for remark.
Reuters contributed to this report.
