Tesla stock rose Friday, pushing shares to a second consecutive weekly gain.

Tesla is slated to launch a self-driving robotaxi service in June. A successful launch would be a big deal for investors.

It’s been quite a couple of weeks for investors—there have been earnings reports, tariff shifts, and talk of potential change at the top after The Wall Street Journal reported the electric vehicle maker’s board considered looking for a new CEO. Board chair Robyn Denholm denied that.

Investors won’t get a chance to catch their breath. More news is coming, and it could be bigger than what’s come before. Tesla is weeks away from launching its long-awaited self-driving robotaxi service. There will be competition, but as the industry evolves, Tesla looks to be following the correct path.

Shares of the electric-vehicle maker added 2.4%, closing at $287.21 on Friday, leaving the stock up 0.8% for the week, while the S&P 500 and Dow Jones Industrial Average added 1.5% and 1.4%, respectively.

Tesla plans to launch a robotax service in Austin, Texas, in June. Sticking to the June date is one reason that, coming into Friday trading, the company’s stock was up 18% since reporting first-quarter earnings on April 22.

Investors have been waiting a long time. Every year for the better part of a decade, CEO Elon Musk has famously said that truly self-driving cars were a year away . June, however, is only weeks away.

Musk is also famous for eschewing higher-priced sensors, insisting advanced cameras and artificial intelligence are enough to make cars drive themselves.

Waymo is Tesla’s chief robotaxi competition, completing more than 250,000 driverless rides a week. Waymo uses more than camera sensors, but the heart of its technology is AI, too.

Tuesday evening, Waymo announced a partnership with Toyota to develop self-driving technology for personally owned vehicles and commercial applications.

The partnership shows “you can’t train an autonomous Vision/Language/Action model without capturing real-world vision data,” wrote Morgan Stanley analyst Adam Jonas on Wednesday. He called the Waymo/Toyota partnership a “major milestone” and “legit competition” for Tesla.

The emergence of AI has increased the need for developers to capture real-world data to train the driving models. Data and AI have become far more important than sensors.

In that regard, Musk was right. Alphabet-controlled Waymo and Tesla are the ones with AI computing power and real-world driving data. Tesla arguably has more data. Don’t forget that Tesla has sold some 6 million vehicles, most of which can help train its AI models.

For Jonas, Waymo and Toyota are, in a way, recreating Tesla. Toyota has a lot of cars on the road. Equipping those with Waymo technology would rival Tesla’s ability to capture training data.

He sees other auto makers partnering with Waymo and, possibly, auto makers aligning with Tesla. “We’ve been waiting for several years for Tesla to explore [self-driving] licensing opportunities with other OEMs,” added Jonas.

Waymo and Toyota mean more competition for Tesla. For Jonas, it also shows that Tesla and Waymo are the ones with significant autonomous driving opportunities.

Jonas rates Tesla shares Buy and believes AI applications represent most of the value in the stock. His price target is $410 a share.

Overall, 53% of analysts covering Tesla stock rate shares Buy. The average Buy-rating ratio for stocks in the S&P 500 is about 55%. The average analyst price target for Tesla shares is about $304.