Tesla to delay robotaxi launch: what you should know

admin admin | 07-13 16:30

The concept of creating an autonomous taxi service has been under consideration at Tesla for at least eight years, going back to when Musk wrote a second version of his "master plan" for the company.
Elon Musk-owned Tesla is not ready to reveal its robotaxi design in August and is instead pushing the event to October. According to sources, the company needs more time to build the prototypes. Following the news, Tesla's shares fell more than 6%.

Musk first hinted at the robotaxi event in April. Reuters reported the same day that Tesla had shelved plans for a new vehicle on a future platform priced at approximately USD 25,000. Musk denied this report on his social media platform, X.

In March the billionaire said on X that Tesla models with FSD (full self-driving) "will be superhuman to such a degree that it will seem strange in the future that humans drove cars, even while exhausted and drunk!"

The concept of creating an autonomous taxi service has been under consideration at Tesla for at least eight years, going back to when Musk wrote a second version of his "master plan" for the company. In recent months, Musk has turned his attention to this project instead of focusing on developing an electric vehicle cheaper than Tesla’s most affordable car, the Model 3 sedan.

Current state: Despite its potential, the rollout of self-driving vehicles in the United States has been tentative and rocky as both regulators and the public voice safety concerns. Tesla's ‘autopilot’ feature has also faced scrutiny, with allegations that its marketing exaggerated the capabilities of the feature beyond what it can deliver.

Competitors: San Francisco has served as a testing location for this technology. Robotaxis from Google's Waymo in the city have been targeted by vandals opposed to autonomous vehicles. Cruise, owned by GM, halted its robotaxi service indefinitely in late October following multiple accidents that prompted stricter oversight by California regulators.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

Hyundai Motor IPO’s off to a slow start

Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

Under fire, Ola Electric taps EY India to get back on track

Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

Dollar pullback to help Indian rupee, weak risk appetite to weigh

Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...