Elon Musk doesn’t want to be known as the “boy who cried FSD” anymore, a moniker he gave himself for his many years of repeated promises related to autonomous driving. Now, he claims that Tesla’s (TSLA) technology is better than ever and will be used for rideshare services as soon as June.

Full self-driving (FSD) vehicles are coming to Austin, Texas, this summer, according to Elon Musk. On an earnings call, Musk announced a tentative start for his robotaxi service. This will be limited to Tesla’s fleet and won’t include any customer cars, though using your own Tesla as an autonomous Lyft or Uber could happen in the future.

In recent years, rideshare services have taken off in popularity. With the newfound capability of hailing a ride at almost any day or time straight from your smartphone, services like Uber and Lyft have become a part of everyday existence,

Shares of Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) moved lower on Thursday, with Uber's stock declining 3.4% and Lyft's stock falling 3%, amid positive comments from Tesla (NASDAQ:TSLA) about its upcoming robotaxi efforts.

A more favorable federal regulatory and legislative environment may help propel the growth of driverless ride-hailing vehicles in the United States.

The Solana-based Teleport, which aimed to be a decentralized ridesharing Uber killer, has shut down, citing a lack of market readiness.

It also has partnerships with driverless companies Motional, Avride and Aurora to add automated services to its fleet. Uber’s ride-share rival, Lyft, works with Mobileye, May Mobility, Motional and Nexar to bring driverless tech to its customers.

Read here for a financial analysis of Avride in the robotaxi market, potential investors, and implications for Nebius Group's valuation.

A Detroit woman filed a lawsuit against Lyft after a driver would not let her ride in his car because of her weight. FOX 26 Senior Legal Analyst Chris Tritico offers insight into the legalities of the incident.

Waymo, the California-based autonomous vehicle company, has brought a limited fleet of vehicles piloted by trained, human autonomous specialists to test on Las Vegas roads, company officials

Alphabet-owned Waymo plans to test its autonomous taxis in cities including Las Vegas and San Diego this year.

Ajay loves living in America, and he says until recently it felt like America loved having him.Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Ru