Tesla Robotaxi Fleet Lags Waymo as Share Price Drops

Elon Musk continues to face investor skepticism as Tesla fails to meet long-standing timelines for its Robotaxi service. Despite a 2019 prediction that the company would deploy one million robotaxis by the end of 2020, Tesla had fewer than 400 such vehicles on the road as of mid-2026, completing roughly 28,000 weekly rides.

This performance lags behind competitor Waymo, which operates over 2,500 vehicles and 450,000 weekly rides. Tesla is currently prioritizing the Cybercab, a steering-wheel-less autonomous vehicle priced at $30,000 or less. Musk claims the vehicle will be available next year, though it remains in early production with only 300 units recently added to the service in Austin.

While Musk asserts that Tesla should be viewed as an autonomous and robotics company, more than 70% of its revenue still comes from vehicle sales. This gap between the company's robotics ambitions and its financial reality has contributed to a 15% decline in Tesla's share price over the last 12 months.