The CEO’s embrace of nascent AI technology is a shift from the company’s early days when it used off-the-shelf technology for electric cars.

Musk said in a social media post this week that Tesla’s long-awaited robotaxi service will roll onto the streets of Austin, Texas on June 22. The Tesla CEO is betting the company’s future on autonomous vehicles (AV) and a robotaxi service – which will hopefully inject much-needed cash just as the company’s sales and profits are slumping.

Elon Musk announces Tesla's robotaxi launch in Austin on June 22, marking a major step in autonomous vehicle rollout.

The automaker has posted a list of updates for the vehicles on X, including a new Frost Blue paint color option and a range of up to 410 miles for the Model S Long Range version.