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.

Tesla (NASDAQ: TSLA) has been trading like a penny stock so far this year. The most recent drama was due to a public feud between CEO Elon Musk and President Donald Trump. It wiped out about $150 billion of market value last week, but Musk’s apology post on X early Wednesday boosted a relief rally.

Tesla (NASDAQ:TSLA) appears to be cruising for a disappointing Q2 deliveries report based on the regional sales and registration data published for April and May in Europe, China, and the U.S. The steady rush of lackluster of sales and deliveries reports has most analysts forecasting a double-digit decline in Q2 deliveries.