00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla is preparing to launch its highly anticipated robo-taxi service in Austin, Texas this June.
00:07CEO Elon Musk confirmed in a CNBC interview on Tuesday,
00:10rolling with about 10 autonomous vehicles and scaled to around 1,000 within a few months.
00:14Musk expects the robo-taxi rollout to begin with 10 vehicles, scale to 1,000,
00:18and reach hundreds of thousands or possibly over a million fully self-driving cars by the end of next year.
00:24Tesla bears criticize the company's first quarter performance,
00:27setting a 9% drop in sales and a 20% decline in automotive revenue.
00:31Musk countered by saying demand has significantly rebounded since then.
00:35No exact date for the Austin launch has been announced.
00:37For all things money, visit Benzinga.com slash GSTV.
