News

Tesla CEO Elon Musk appears to confirm delay in Aug. 8 robotaxi unveil event to make design change

Tesla CEO Elon Musk on Monday appeared to confirm a report that the company’s much-ballyhooed event to unveil a robotaxi will be delayed beyond its scheduled Aug. 8 date.

Musk didn’t give a new date for the event, but in a posting on X, the social media site he owns, he wrote that he requested a design change to the front of the vehicle.

“The extra time allows us to show off a few other things,” he wrote.

A message was left Monday seeking comment from Tesla.

Bloomberg News reported on Thursday that the robotaxi event would be delayed until October due to changes sought by Musk. That sent Tesla shares down 8% for the day. But they have since rallied and were up nearly 3% in Monday afternoon trading.

Tesla shares had been down more than 40% earlier in the year, but are up more than 80% since hitting a 52-week low in April.

For many years Musk has said Tesla’s “Full Self Driving” system will allow a fleet of robotaxis to generate income for the company and Tesla owners, making use of the electric vehicles when they would have been parked. Musk has been touting self-driving vehicles as a growth catalyst for Tesla since “Full Self Driving” hardware went on sale late in 2015. The system is being tested on public roads by thousands of owners.

But in investigative documents, the U.S. National Highway Traffic Safety Administration said it found 75 crashes and one death involving “Full Self Driving.” It’s not clear whether the system was at fault.

Tesla, which is based in Austin, Texas, has said the system cannot drive itself and that human drivers must be ready to intervene at all times.

Related Posts

Bill Gates enjoys life like in paradise with a super yacht collection worth nearly 80 million USD

In the realm of billionaires, few epitomize the concept of luxury living quite like Bill Gates. Renowned for his pioneering work in technology and philanthropy, Gates has crafted…

Dwayпe “The Rock” Johпsoп Leaves Hollywood for Eloп Mυsk’s New Noп-Woke Film Stυdio-N

In a surprising turn of events, Dwayne “The Rock” Johnson, one of Hollywood’s most bankable and beloved stars, has announced his departure from the traditional film industry. Johnson,…

Elon Musk’s a voice in this generation. God will keep him covered in Jesus’s name and to God be all glory: “Drag Queens don’t belong in the presence of kids”

In recent years, Elon Musk has emerged as one of the most influential and polarizing figures of our time. His innovative ventures in technology, space exploration, and renewable…

Elon Musk launches survey campaign to cancel TV show ‘The View,’ seeking public support to end the controversial talk show amidst growing backlash

n a surprising move, tech mogul Elon Musk has launched a survey campaign to gauge public opinion on whether a controversial TV talk show should be canceled. This…

Elon Musk, Who Once Vowed To ‘Own No Home,’ Now Foreclosing On Filmmaker’s $7M Childhood House

The tech billionaire and Tesla CEO Elon Musk, is now foreclosing on a Los Angeles home he once helped a filmmaker purchase. The house holds sentimental value as…

Tesla Elon Musk-inspired automotives designed to prove why this company is at the peak of modern innovation!

There’s something about Tesla that instantly inspires designers! Or maybe it’s Elon Musk. He’s the kind of innovator who works towards resolving current issues while keeping his eyes wholly focused on…

Leave a Reply

Your email address will not be published. Required fields are marked *