<ul data-eligibleForWebStory="true">Tesla has officially launched its Robotaxi service platform in Austin, Texas, allowing driverless rides for the public.The service is geofenced in a small portion of South Austin prioritizing safety through safeguards.Rides are fixed-price at $4.20 initially, but fares will vary based on factors like distance in the future.Rides are accessed via the Tesla app with passengers having access to personal media settings in the vehicle.A Tesla safety monitor sits in the passenger seat during rides but doesn't control the vehicle.The launch of Robotaxi will open new revenue streams for Tesla, potentially creating significant value.The service marks a milestone in Tesla's journey towards autonomous driving technology.Permabulls like Cathie Wood and Dan Ives have long anticipated the launch of a driverless Robotaxi fleet by Tesla.