Tesla ( TSLA) , which has shed more than $240 billion in market value this year, has been hammered by a slump in global EV demand, concerns about the impact of aggressive price cuts on profit margins, and reports of renewed regulatory pressure tied to its claims about its driver-assistance software.

In theory, the benefit of the robotaxi system will be twofold. First, it will incentivize people to buy a Tesla vehicle. In 2019, Musk said that owners who add their vehicles to the network could make between $10,000 and $30,000 per year, offsetting the cost of ownership.

Warren Buffett should buy Tesla stock, according to Elon Musk. "He should take a position in Tesla. It's an obvious move," Musk tweeted about Buffett on Sunday, in response to a tweet that suggested Berkshire Hathaway should sell its entire $135 billion stake in Apple and instead purchase Tesla.