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Tesla Eyes 2025 for Launch of Autonomous Taxi Service

by THEFUTURE.TEAM

Tesla is gearing up to launch a taxi service in 2025, potentially before it starts mass production of its autonomous robotic taxis. Elon Musk announced these plans during the company’s third-quarter financial presentation, revealing that tests have already commenced in California and Texas. Employees have been trying out the service, with human drivers present to take over in emergencies.

For public launch, Tesla must secure approvals from the California Department of Motor Vehicles (DMV) and the California Public Utilities Commission. Musk assured that the company will navigate the necessary regulatory process before offering the service to everyday users. If all goes well, Tesla aims to expand its operations to other states by the end of next year.

This announcement marks a serious move toward a long-discussed service, with Musk first hinting at autonomous driving software development years ago. The robotic taxi was unveiled recently after several delays, although it remains unclear when mass production will commence. These autonomous taxis are expected to be priced under $30,000, challenging Waymo, which currently operates the only commercial self-driving taxi service in the U.S. in San Francisco.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

by News Editor

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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