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.

The CEO’s embrace of nascent AI technology is a shift from the company’s early days when it used off-the-shelf technology for electric cars.

Elon Musk announces Tesla's robotaxi launch in Austin on June 22, marking a major step in autonomous vehicle rollout.

The the administration ordered the agencies to scrutinize Musk’s contracts to ready possible retaliation against the businessman and his companies, sources said.

The White House directed the Defense Department and NASA to collect information on SpaceX contracts after the spat between President Donald Trump and SpaceX CEO Elon Musk.

Elon Musk’s SpaceX appeared to be the frontrunner to begin work on the ambitious project, which would have pocketed him billions