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Tesla to Reveal its Robotaxi on August 8th

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New Declaration Leading Rebound on Tesla’s Stock

Tesla CEO Elon Musk has announced on social media platform X that Tesla’s robotaxi will be unveiled on August 8th. This announcement carries the potential for a new revenue stream for Tesla, targeting an advanced level of autonomous driving beyond the existing ‘Autopilot’ and ‘Full Self Driving (FSD)’ functions. The announcement has sparked interest as Tesla’s stock trend rebounded from a decline.

Technical Background and Current Situation

Although Tesla’s Autopilot and FSD are advanced driver assistance systems that do not provide fully autonomous driving, they have presented a possibility for uncrewed vehicles. The robotaxi will be an evolved form of this technology, which is expected to be a new challenge in the market.

Competitors’ Trends

Alphabet’s Waymo operates a robotaxi business in Los Angeles, San Francisco, and Phoenix, Arizona, and offers food delivery services. In contrast, GM’s subsidiary Cruise has experienced operation suspension and business closure after an accident, and there have been reports that Apple has discontinued its autonomous EV development project.

Musk’s Optimistic Schedule

Elon Musk’s announcement schedule has always been optimistic, and indeed, the delivery of Tesla Semi and Cybertruck was delayed more than planned. Along with the anticipation for this robotaxi announcement, the market’s reaction to its feasibility is also drawing attention.

Tesla’s Robotaxi Not Only Affects Stock Prices but Also the Industry

Tesla’s announcement of a robotaxi is an important event that can greatly impact the future of autonomous driving technology and the overall mobility industry. Both the industry and the public have high expectations for the innovation that Elon Musk’s declaration will actually bring.

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