Tesla’s dream of self-driving taxis seems to be hitting a speed bump. A recent report indicates a delay in their highly anticipated robotaxi launch, pushing the event back to October. This news comes after Tesla’s stock price took a tumble, dropping nearly 10% and wiping out roughly $80 billion from the company’s market value.
Earlier in April, rumors swirled about Tesla introducing a revolutionary, low-cost electric vehicle. However, a Reuters report dashed those hopes, claiming Tesla had scrapped those plans to prioritize the development of a robotaxi a project championed by CEO Elon Musk. Musk vehemently denied the report, calling it a lie, and countered by announcing a robotaxi reveal scheduled for August 8th.
Tesla’s “AI Day” on August 8th was shaping up to be a major event. CEO Elon Musk had promised a splashy revealing of the company’s robotaxi design, a prospect that sent a jolt of excitement through Tesla’s fanbase and investors alike.
The anticipation was palpable, reflected in a steady rise in Tesla’s stock price over the past few months. But a recent report has cast a shadow over these plans. According to Bloomberg, Tesla is pushing back the event to October to give engineers more time to build prototypes.
While there’s been no official confirmation from Tesla, sources say the decision has been communicated internally. This news has sent shockwaves through Tesla enthusiasts and triggered a stock market tumble, erasing some of the gains fueled by the earlier “AI Day” announcement.
Tesla fans are anxiously awaiting confirmation or denial from Musk, but so far, his social media activity has been limited to unrelated posts. This silence adds to the uncertainty surrounding the robotaxi reveal and leaves investors wondering what to expect from the revamped “AI Day” in October.
