Volkswagen ADMT, the automaker’s autonomous-driving subsidiary, will source real-time street-level data from Bee Maps, a spatial intelligence service that runs on Hivemapper’s Solana-based mapping network.

According to Hivemapper CEO Ariel Seidman, the partnership “shifts mapping from static to living,” and that robotaxi fleets require data “that evolves as fast as the streets do.”

Bee Maps aggregates imagery from drivers who install proprietary “Bee” dashcams and upload footage that machine-learning models translate into lane markings, signage, and temporary work zones. 

Participants earn HONEY tokens for each validated segment, giving Hivemapper what it calls “the world’s freshest map data.”

Hivemapper, which records contributions on the Solana blockchain, says its network now covers a double-digit share of global roads and updates more frequently than traditional fleet-car surveys.

Bee Maps sells the resulting data through APIs that feed routing, localization, and curb-management engines used by logistics firms and, now, robotaxi developers.

The companies did not disclose financial terms, but Bee Maps’ product literature indicates that it typically charges consumption-based fees rather than long-term licenses.

Live updates required

Volkswagen ADMT operates about 30 ID.Buzz autonomous electric minivans on Hamburg streets and will add “thousands” of units in Los Angeles under an agreement with Uber that targets fully driverless service by late 2026.

Each vehicle relies on a sensor array comprising 13 cameras and nine lidars that generate approximately five gigabytes of data per second. However, it still requires external maps to localize in adverse conditions such as rain, glare, or construction.

Bee Maps will stream refreshed road features into ADMT’s perception stack, allowing test engineers to validate maneuvers such as curb-aligned pickups and last-meter drop-offs without dispatching manual survey cars.

DePIN momentum

The agreement extends a trend of decentralized physical infrastructure networks, or DePINs, supplying data to legacy industries. 

Earlier this year, Lyft began piloting Hivemapper feeds for ride-hail drop zones, and logistics firms use the API to flag height restrictions and new speed limits.

For Volkswagen, crowdsourced updates could shorten the cycle between on-road edge cases and software releases as it scales the ID.Buzz robotaxi program across Europe and North America.

No regulatory approvals are required because the data transfer occurs off-board, the person added.

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Tesla (TSLA 8.19%) and its CEO Elon Musk recently achieved a big milestone — they launched the company’s first self-driving robotaxis for paying customers in Austin, Texas. It’s an initiative that Musk first discussed in 2016. While it looks more like a soft launch, it’s still a big step for Tesla, which plans to launch a fully autonomous robotaxi fleet. Many investors think that could be a massive new business for the company that will justify Tesla’s monster valuation.

Still, Tesla has a lot going on right now. Remember, the company’s core business is still electric vehicles (EVs), and that business is facing a critical event in just a few weeks’ time.

Q2 EV Deliveries to soon be announced

Tesla is expected to announce its second-quarter EV delivery figures in the first week of July. As many investors likely recall, first-quarter deliveries came in at roughly 337,000, its lowest quarterly number in over two years. Many investors have been concerned that Musk’s close ties to President Donald Trump and his period of leading Trump’s Department of Government Efficiency (DOGE) have alienated a significant portion of Tesla’s potential customer base.

Image source: Getty Images.

While Musk has stepped down from his work with DOGE to refocus on his businesses, data thus far on Tesla’s sales in the second quarter has been less than encouraging. Monthly sales data from Europe showed that Tesla’s sales once again faltered in April in countries including the United Kingdom, the Netherlands, Denmark, Portugal, Sweden, and France.

Other data suggests that its sales in China have struggled in the second quarter as well. Aside from politics and brand image, Tesla may also be struggling there as a result of increasing competition from competitors like BYD, which has grabbed a dominant market share in China. BYD’s EVs are cheaper and its newest tech can charge faster than Tesla’s. These factors, in my opinion, will pose a bigger problem for Tesla than its brand or political issues, which are likely to fade over time.

Wall Street analysts are modeling for second-quarter deliveries of roughly 400,000, which would be an improvement from the first quarter, but a 10% year-over-year decline. However, some analysts don’t expect investors to care much if Tesla misses estimates.

“The Tesla narrative has increasingly turned to AV/Robotaxi, with investors likely more focused on the planned June 22 Robotaxi launch and Tesla’s path to scaling AV than on 2Q deliveries/overall fundamentals,” wrote Barclays analyst Dan Levy in a recent research note. Levy is modeling for 375,000 Tesla EV deliveries in the second quarter.

Other analysts are more concerned.

In early June, Wells Fargo analyst Colin Langan posted a research note suggesting Tesla’s deliveries in the second quarter were down 21% year-over-year on a quarter-to-date basis. Langan has a sell rating on the stock and a price target that implies a downside of more than 60%.

It’s also worth noting that Tesla has become a battleground stock, with some analysts extremely negative and others like Wedbush’s Dan Ives very bullish.

Will anyone care if Tesla disappoints?

At this point, there have been many negative headlines about Tesla’s EV deliveries in the second quarter, but the stock is up close to 24% quarter to date as of June 20.

As Levy mentioned, most Tesla shareholders at this point appear to be focused on future initiatives like robotaxis and Optimus humanoid robots. If Tesla does underperform on EV deliveries, I think it could suggest that the core EV business has a real problem and is being undermined by more than just Musk’s politics, which would present a fundamental problem for the EV business.

The stock may not fall much, but then investors will be heavily dependent on the performance of the robotaxi fleet, and reliant upon the Optimus robot business to scale up quickly as well. With Tesla trading at 168 times forward earnings, that bet is only becoming riskier for investors.

Banking giant Wells Fargo reportedly expects to see a massive price drop in the electric carmaker Tesla’s (TSLA) stock.

CNBC reports that in a note to clients, Wells Fargo automotive and mobility analyst Colin Langan says that Tesla’s core auto business continues to weaken, which could weigh down on the company’s stock.

“While ‘order’ pricing on the website appears stable over the [last 12 months], aggressive financing promotions continue to act as price cuts. Risk to Q2 margin remains given lower leverage.”

The bank is giving Tesla an underweight rating and a $120 price target, which means that the company’s shares could drop by 61% from Monday’s closing price of $308.58.

The bank’s bearish forecast comes even as investors anticipate the company’s robotaxi launch in Austin today. The vehicles are set to provide on-demand transportation without human drivers.

Lanang says that potential tailwinds, including Tesla’s work on autonomous driving, are not enough to offset weak automotive numbers.

“Most investor attention is directed at the June 12th Austin Robotaxi deployment. We doubt the likely limited debut will be enough to overshadow the poor fundamentals.”

Tesla’s global deliveries are down 23% year over year amid steeper competition in China. TSLA has already dropped by more than 22% in 2025. In June alone, the stock slumped by nearly 10%.

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ARK Invest chief executive Cathie Wood believes the electric vehicle giant Tesla (TSLA) can hit an astronomical valuation by 2030.

In an interview on The Diary of a CEO YouTube channel, Wood says she sees TSLA surging 744% in half a decade, spurred by the firm’s robotaxi platform.

According to Wood, Tesla’s fleet of autonomous vehicles will become the centerpiece of the company’s business strategy in the coming years.

“Our prediction in five years is $2,600, and 90% of that valuation comes not from the electric vehicle, but from this robotaxi platform.

Because the electric car, if you think about it, is a one-shot sale. Sell and hope they come when they’re replacing their car.”

During the firm’s Q4 2024 earnings call, CEO Elon Musk explained how Tesla owners can generate income by renting out their full self-driving vehicles instead of just parking them when not in use.

“And I expect us to be operating unsupervised activity with our internal fleet in several cities by the end of the year. Then as probably next year when people are able to add or subtract their car from the fleet. So, kind of like Airbnb, where you can sort of add or subtract your house or your guestroom, add it to the Airbnb or don’t add it to the Airbnb inventory. If you’re traveling for a month, you can or whatever the case may be, you can let other people use your house.”

For now, Wood says that Tesla has two options to generate recurring revenue for both the company and the vehicle owner.

“You could subscribe to the network. It could be either or: subscription or à la carte if you don’t think you’re going to use it that much.”

As of Monday’s close, TSLA is worth $308 per share.

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