Tesla Robotaxis are big on Wall Street but lagging on roads

AUSTIN, Texas – Tesla’s share price hit a record in December, in part because many investors believe promises that the carmaker is poised to dominate the

emerging market for driverless taxis

worth trillions of dollars.

But a visit to Austin, Texas, where Tesla is operating a small fleet of autonomous cars, quickly makes clear that the company is entering a heated race and has a lot of catching up to do.