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Tesla executives including Elon Musk promoted a video of one of its vehicles driving in Austin with nobody behind the wheel, hinting that it’s close to launching its robotaxi service there.

Wall Street is reining in expectations for Tesla deliveries as the Elon Musk-run automaker struggles with waning consumer demand and the threat of reduced U.S. federal incentives for EVs.

The company now expects to sell 40,000 to 46,000 battery-powered pickups, SUVs and delivery vans this year, it said May 6 while reporting first-quarter results.

Slate Auto plans to debut a small electric-powered, American-made pickup for less than $20,000 with federal subsidies.

Tesla’s vehicle sales fell 13% last quarter to an almost three-year low, as the carmaker made over its most important model and dealt with international backlash against Elon Musk.

Rivian Automotive Inc. is spinning out a business that will develop small electric vehicles designed for short trips.

Lucid Group will begin a search for a new CEO after it said its current leader, Peter Rawlinson, has stepped aside to serve in a strategic advisory role.

Rivian Automotive said its electric-vehicle deliveries this year will fall short of Wall Street estimates as potential policy shifts in Washington threaten to further dampen EV demand.

Rivian said it will sell its electric delivery van designed for Amazon to other customers, a move to boost revenue from fleet operators as consumer demand for battery-powered cars slows.

The Elon Musk-led company sold 1.79 million vehicles last year, it said Jan. 2, which was slightly less than what it delivered in 2023 and also below analysts’ consensus estimate.