KIDZ AI (KIDZ AI), a Nasdaq-listed company whose share price has fallen more than 90 percent over the past year, is reviewing the possibility of adopting 500 Tesla robotaxis. It is at the stage of an initial procurement inquiry rather than a formal purchase contract.

Electrek, an electric-vehicle outlet, reported on Sept. 30 that KIDZ AI said it submitted an initial procurement inquiry to Tesla for 500 robotaxis. It said it is reviewing an “autonomous fleet operations strategy” to secure, deploy and operate self-driving vehicles. The company plans to look at other autonomous driving platforms as well.

But whether it will actually adopt the vehicles is unclear. KIDZ AI said the inquiry does not represent a binding order or a vehicle allocation and that its current business is in the planning, evaluation and partner-search stage. It may not proceed if it determines the plan lacks economic viability.

KIDZ AI began as Classover, an online education company for elementary, middle and high school students, and listed in 2025 through a merger with a special purpose acquisition company. Its second-quarter service revenue fell 34 percent from a year earlier to $480,000, and it posted a net loss of about $2.5 million. The company changed its name to KIDZ AI in May and expanded its business scope from education into AI infrastructure and robotics.

Its business strategy also shifted quickly. It signed a convertible bond agreement worth up to $500 million last year and planned to use about 80 percent of net proceeds to buy Solana (SOL), but the actual initial fundraising amounted to $11 million. In June, it shifted away from a Solana-focused strategy toward Hyperliquid and interest-bearing stablecoins, and later expanded its GPU cloud and data center business. In July, it also signed a GPU computing services contract worth $44.6 million over five years.

There is also a wide gap between its financial capacity and its robotaxi plan. The outlet reported its market capitalisation at the time of the announcement was about $2.4 million, and its share price fell about 99.97 percent over the past year. KIDZ AI also carried out reverse stock splits of 1-for-10 in June and 1-for-15 in August to maintain its Nasdaq listing.

Even a simple application of a sub-$30,000 target price for Tesla’s Cybercab presented by CEO Elon Musk (일론 머스크) suggests 500 vehicles would require about $15 million. KIDZ AI’s cash and restricted cash as of end-June was $8.88 million. Ultimately, the key issue in this announcement is not the 500-vehicle scale, but whether it can lead to actually securing vehicles, raising funds and operating a commercial fleet.