Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Tesla Stock Tumbles as Robo-Taxi Debut Pushed to October

globalautonews Views  

Tesla’s Robotaxi launch, initially scheduled for August 8, has been postponed to October. As a result, Tesla’s stock price dropped by 8.44% that day, closing at $241. Little is known about the robotaxi, except that it will lack a steering wheel or pedals and will have a similar design to the Cybertruck. The delay is speculated to be related to Tesla’s autonomous driving system.

Earlier, an electric vehicle portal reported that Tesla had planned to unveil a new supercluster computing platform at its Texas Gigafactory for Robotaxi training. However, citing Tesla insiders, it mentioned that the project could be delayed as part of a restructuring effort earlier this year.

Forbes pointed out that Tesla hopes its new end-to-end machine learning approach will help bridge the gap, but it’s an unproven assumption for now. The situation has worsened due to recent claims that Tesla focused heavily on improving the achievements of famous YouTubers who produce glowing videos about the CEO and the system’s performance. Forbes emphasized that no one should bet on Tesla’s current performance level.

Since 2016, Tesla has been saying almost every year that it will release FSD (Full Self Driving) within a year, but it has yet to materialize. It also said it would launch by the end of 2023.

This time, the Robotaxi launch has been pushed back by two months. Whether this new deadline will be met remains to be seen.

globalautonews
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda to Start Making Old Parts Again — Starting with the NSX
  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible

You May Also Like

  • 1
    Shinhan Bank Opens Doors on Sundays to Serve Foreign Residents!

    LATEST 

  • 2
    Healthcare Workers Unite: Massive Walkout Planned to Demand Better Conditions

    LATEST 

  • 3
    Chery Group Launches LEPAS: A Colorful New Era in Premium Mobility

    LATEST 

  • 4
    Get Ready, Pokemon Fans: Jeju Island to Host Epic Pokemon Wonder Event!

    LATEST 

  • 5
    Hope on the Horizon? Posco Future M Eyes Recovery After Tough Quarter!

    LATEST 

Popular Now

  • 1
    Chery Group Launches LEPAS: A New Era of Premium Mobility Begins in Indonesia

    LATEST 

  • 2
    XCMG Machinery Scores Big with Dual Compliance Certifications!

    LATEST 

  • 3
    Seoul Stocks Dip as Trump’s Tariff Threat Looms Over Investors

    LATEST 

  • 4
    Czech Republic Seeks Stronger Defense Ties with South Korea Amid Global Security Concerns

    LATEST 

  • 5
    South Korea's Airports Transform into Art Galleries Just in Time for Holiday Travelers

    LATEST 

Must-Reads

  • 1
    Shinhan Bank Opens Doors on Sundays to Serve Foreign Residents!

    LATEST 

  • 2
    Healthcare Workers Unite: Massive Walkout Planned to Demand Better Conditions

    LATEST 

  • 3
    Chery Group Launches LEPAS: A Colorful New Era in Premium Mobility

    LATEST 

  • 4
    Get Ready, Pokemon Fans: Jeju Island to Host Epic Pokemon Wonder Event!

    LATEST 

  • 5
    Hope on the Horizon? Posco Future M Eyes Recovery After Tough Quarter!

    LATEST 

Popular Now

  • 1
    Chery Group Launches LEPAS: A New Era of Premium Mobility Begins in Indonesia

    LATEST 

  • 2
    XCMG Machinery Scores Big with Dual Compliance Certifications!

    LATEST 

  • 3
    Seoul Stocks Dip as Trump’s Tariff Threat Looms Over Investors

    LATEST 

  • 4
    Czech Republic Seeks Stronger Defense Ties with South Korea Amid Global Security Concerns

    LATEST 

  • 5
    South Korea's Airports Transform into Art Galleries Just in Time for Holiday Travelers

    LATEST 

Share it on...