If you're a Chinese robotaxi company, the Gulf has become the place to be, attractive for a regulatory environment that is embracing the technology and robust demand for ride-hailing services.

Cathie Wood has been right about Tesla before, and the company is about to launch its highly anticipated Robotaxi service.

Tesla's June robotaxi debut in Austin is a go, but it will be invite only, a Morgan Stanley analyst, who visited the company's Palo Alto office, said.

Why It Matters: The news comes in as Waymo is steadily bolstering its presence in the AV sector. Recently, the company announced it reached the 10 million autonomous paid rides milestone, which Waymo doubled in 5 months.

As Tesla (TSLA) prepares for a historic event, both investors and consumers are watching the stock closely. The electric vehicle (EV) producer is gearing up to roll out its new robotaxi fleet, marking its foray into the world of autonomous driving.

In this Sunday edition of BI Today, we're talking about Tesla betting big on robotaxis and comparing its self-driving experience to Waymo's.

Musk and Tesla have bet the future of the company on self-driving and the ability for its cars to perform robotaxi services. Tesla’s dedicated robotaxi — the Cybercab — is slated for a 2026 launch as well. And Tesla’s long-awaited, more affordable EVs are expected to be revealed in the first half of the year.

Waymo is currently on the road in several cities, with some analysts concluding that it has already overtaken Lyft in areas of San Francisco where Waymo operates. Meanwhile, Tesla's (NASDAQ: TSLA) autonomous robotaxi service is set to launch next month in Austin,