Elon Musk Initiates Key Change in Robotaxi Design, Delays Unveiling for Now

Tesla CEO Elon Musk on Monday signaled the automaker would take extra time to unveil its robotaxi so it might probably incorporate an necessary design change to the entrance of the car and “showcase” another issues.

Musk didn’t disclose when the automaker would maintain an occasion to launch its robotaxi. Bloomberg Information reported final week that the occasion, initially set to be held on August, had been delayed to October.

“Requested what I believe is a vital design change to the entrance, and further time permits us to indicate off a number of different issues,” Musk mentioned on X in a reply to a consumer publish discussing the occasion.

An individual conversant in the matter mentioned on Friday the robotaxi occasion has been delayed, with out elaborating additional.

With the street to creating robotaxis and autonomous driving methods going through a number of engineering and regulatory hurdles, Wall Avenue analysts and Tesla buyers have famous {that a} delay within the robotaxi launch wouldn’t be a shock.

Musk had introduced the August unveiling day after Reuters reported on April 5 that Tesla had canceled its long-promised cheap automobile and would proceed creating self-driving robotaxis on the identical small-vehicle platform.

The billionaire CEO has given minimal particulars in regards to the robotaxi to this point. He has solely mentioned that some autos can be owned and operated by Tesla, whereas others can be owned by people however rented out on Tesla’s community.

Shares of Tesla jumped on Monday after Musk publicly endorsed Donald Trump within the US presidential race, fanning hopes {that a} potential Trump administration may make it simpler for Tesla to safe regulatory approvals for robotaxis and autonomous driving methods.

Musk had mentioned in 2022 Tesla expects to mass-produce a robotaxi with no steering wheel or pedal by 2024, after lacking his targets for self-driving autos a number of occasions.

The Tesla inventory was final up 5 p.c in afternoon buying and selling.

© Thomson Reuters 2024


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