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

Who Are Lil Bow Wow’s Kids? Everything We Know About Shai Moss

Bow Wow and Joie Chavis welcomed their daughter, Shai Moss, in 2011 Bow Wow, 𝐛𝐨𝐫𝐧 Shad Moss, is more than a rapper, actor and entrepreneur — he’s also…

Elon Musk: “I Have A Trillion Dollar Plan For Austin Texas!”

Elon Musk Unveils Trillion-Dollar Plan to Transform Austin, Texas into a Cutting-Edge Tech EcosystemMusk has unveiled an ambitious plan to transform Austin into a cutting-edge tech hub, with…

Elon Musk: “I Will Be The New Minister Of Efficiency & These Are My Plans!”

Elon Musk Declares Himself “Minister of Efficiency,” Announces Ambitious Plans to Optimize Multiple Industries and Reshape Daily LifeMusk has just announced the role of “Minister of Efficiency” with…

Elon Musk & Vivek Ramaswamy: “This Is How We Will Save The US From Disaster!”

Elon Musk and Vivek Ramaswamy Team Up to Solve America’s ChallengesThese two prominent figures are committed to tackling major issues like economic uncertainty, the decline of free speech,…

Elon Musk JUST WARNED Jimmy Kimmel & Sent Him Into A Meltdown!

Elon Musk and late-night host Jimmy Kimmel are locked in a heated debate that has captured widespread public attention. It all started when Musk called out Kimmel, criticizing…

In her memoir, the mother of billionaire Elon Musk shares anecdotes about her upbringing. She mentions her son’s accomplishment of designing computer game software at the age of twelve. She also disclosed that Elon Musk was required to retake the IT competency assessment at the age of seventeen since the examiner had never observed a score so high. Also, in order to help Elon Musk become eligible to study business and physics, she had to go from South Africa to Canada.

Maye Musk – mother of billionaire Elon Musk – mentioned the story of her son successfully writing computer game software at the age of 12 in her book….

Leave a Reply

Your email address will not be published.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