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Tesla Accelerates Robotaxi Rollout Across Major US Cities
18 Aug
Summary
- Bank of America reiterates 'Neutral' rating on Tesla
- Tesla expanding robotaxi network to NYC, Phoenix, Miami, SF
- Company aims to reach half of US population by year-end
As of August 18, 2025, electric vehicle giant Tesla is accelerating its robotaxi expansion across the United States. According to a recent report from Bank of America, the company is taking "first steps" to introduce its autonomous driving technology in several key markets, including New York City, Phoenix, Miami, San Francisco, and Nevada.
While Bank of America analysts believe Tesla's goal of reaching half the US population by the end of the year is "ambitious" due to regulatory hurdles and the need for a safe rollout, they see these developments as "encouraging signs" for the company's robotaxi ambitions. The bank has reiterated its "Neutral" rating on Tesla's stock, acknowledging the potential of the company's AI-powered autonomous driving capabilities.
Tesla, known for its innovative approach to electric vehicles and clean energy solutions, has been at the forefront of the autonomous driving revolution. The company's focus on leveraging advanced artificial intelligence in its robotics initiatives is expected to play a crucial role in shaping the future of transportation.
