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
    Shaw Prize winner Baumeister on breakthroughs that changed cell imaging

    LATEST 

  • 2
    Coach-athlete interaction at marathon finish sparks online debate

    LATEST 

  • 3
    Seoul shares snap 2-day drop on hopes for rate cut, eased AI fear; won rebounds

    LATEST 

  • 4
    Hanwha revamps US investment arm for defense push

    LATEST 

  • 5
    S. Korea asks Lone Star to reimburse legal costs after winning annulment in investor dispute

    LATEST 

Popular Now

  • 1
    Lee pays tribute at Korean War Memorial in Ankara

    LATEST 

  • 2
    [Stars up close] Why Park Jeong-min is going viral as Korea's most down-to-earth star

    LATEST 

  • 3
    Samsung, Reliance chiefs push deeper AI-chip alliance

    LATEST 

  • 4
    Korea issues alert after 6th case of swine fever

    LATEST 

  • 5
    SK eyes record W120tr exports on chip boom

    LATEST 

Must-Reads

  • 1
    Shaw Prize winner Baumeister on breakthroughs that changed cell imaging

    LATEST 

  • 2
    Coach-athlete interaction at marathon finish sparks online debate

    LATEST 

  • 3
    Seoul shares snap 2-day drop on hopes for rate cut, eased AI fear; won rebounds

    LATEST 

  • 4
    Hanwha revamps US investment arm for defense push

    LATEST 

  • 5
    S. Korea asks Lone Star to reimburse legal costs after winning annulment in investor dispute

    LATEST 

Popular Now

  • 1
    Lee pays tribute at Korean War Memorial in Ankara

    LATEST 

  • 2
    [Stars up close] Why Park Jeong-min is going viral as Korea's most down-to-earth star

    LATEST 

  • 3
    Samsung, Reliance chiefs push deeper AI-chip alliance

    LATEST 

  • 4
    Korea issues alert after 6th case of swine fever

    LATEST 

  • 5
    SK eyes record W120tr exports on chip boom

    LATEST 

Share it on...