Musk sounds cautious tone on robotaxis amid slower-than-expected rollout

Tesla's robotaxi business is rolling out more slowly than expected, according to several Wall Street analysts, following CEO Elon Musk's cautious update during the company's first-quarter earnings call. Musk said he hopes to have robotaxis and driverless vehicles in 'a dozen or so states' by the end of the year, taking a cautious approach to avoid injuries or fatalities. This marks a change from last July, when Musk said robotaxis would be available to 'half the population of the U.S. by the end of the year'. Musk has a history of unfulfilled promises around self-driving vehicles. Tesla plans to build its robotaxi business around the Cybercab, a two-seater vehicle designed to be fully autonomous. Musk said Tesla had begun Cybercab production, but initial production 'will be very slow'.