Tesla is delaying the presentation of its robotaxi due to the need to finalize prototypes, which affects Elon Musk's ambitious plans and worries investors.
Tesla robotaxis delay
Presentation postponement
According to information from anonymous sources, Tesla has decided to postpone the demonstration of its robotaxi. Instead of the planned date of August 8, the event has been postponed for about two months. Officially, this is explained by the need for additional time to improve prototypes. The design team was tasked with making changes to certain elements of the car this week.
Market reaction
News of the delay sent Tesla shares down 8.4%. This may indicate a decrease in investor confidence in the robotaxi project. Instead, shares of potential competitors in the taxi industry - Uber Technologies Inc. and Lyft Inc. - increased by 6.1% and 4.6%, respectively.
Project history
The idea of creating an unmanned taxi has been discussed at Tesla for several years. For the first time, Elon Musk voiced this concept back in 2016 during the presentation of the company's second master plan. Recently, this project has become a priority over the development of a more affordable model of an electric car.
Autonomous driving technologies
Musk has been talking about Tesla's achievements in the field of autonomous driving for more than a decade. The company offers customers a package of features called Full Self-Driving (FSD) for a significant amount, positioning it as a fully autonomous driving system. However, the name is actually misleading: FSD still requires constant driver supervision, and Tesla cars are not currently fully autonomous.
Current situation
Despite the decline in sales of the company's cars, Musk and top engineers continue to believe in the potential of FSD. In the first half of the year, Tesla delivered 6.6% fewer cars, although it introduced the new Cybertruck model. Production in the second quarter was down 14% from a year earlier to reduce excess inventory.
Glossary
- Tesla is an American company specializing in the production of electric vehicles and technologies for sustainable of energy
- Elon Musk - entrepreneur, founder and CEO of Tesla
- Full Self-Driving (FSD) - a package of autopilot functions for Tesla cars
- Cybertruck is an electric pickup truck developed by Tesla
- Uber Technologies Inc. - an American company providing taxi ordering and food delivery services
Link
- Bloomberg message about the postponement of the robotaxi presentation
- Article about the misleading name FSD
Answers to questions
Why did Tesla postpone the robotaxi presentation?
How has this decision affected Tesla shares and its competitors?
What is Full Self-Driving (FSD) and is it really fully autonomous system?
How have Tesla's sales and production figures changed recently?
When did the idea of creating a Tesla driverless taxi first appear?
Hashtags
Save a link to this article
Discussion of the topic – Tesla postpones the robotaxi presentation: Will Musk's plans fail?
Tesla is moving the presentation of its robotaxi from August 8 to October, which could jeopardize the ambitious plans of Elon Musk. The official reason is the need for additional time for development.
Latest comments
8 comments
Write a comment
Your email address will not be published. Required fields are checked *
Olena
Wow, I did not expect this from Tesla! It seems that Musk slightly overestimated his capabilities with robotaxis. I wonder if this will affect investor confidence? 🤔
Hans
Olena, I think this can seriously affect trust. Shares have already fallen by 8.4%! But maybe it's for the best - it's better to make a quality product than to rush and release something unfinished.
Marie
I agree with Hans. Although, to be honest, I'm more concerned that they're marketing the FSD as a fully self-contained system when it's not. Does that seem a little...unfair? 🧐
Olena
Marie, you are right! It really looks like a misnomer. I wonder if there will be any legal ramifications for Tesla because of this? 🤨
Giovanni
I don't understand why everyone is so excited about these newfangled things. Robotaxis, FSD... Why is it? A normal taxi works fine, and at least the drivers have a job. Eh, youth...
Pablo
Giovanni, are you serious? This is the future! Imagine how many accidents can be avoided with autonomous cars. And time on the road can be used more productively. Progress cannot be stopped! 💪
Olena
Pablo is right! Although I understand Giovanni's concerns about jobs. Maybe we need to think about retraining drivers? 🤝
Anna
I wonder how this will affect Tesla's competitors? Uber and Lyft have already seen their shares rise. Maybe this is their chance to overtake Tesla in the self-driving taxi race? 🏎️