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.

With Tesla just days away from a planned rollout of its paid robotaxi service in Austin, the electric vehicle manufacturer is reportedly trying to prevent city officials from releasing records related to its robotaxi trial period.