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

Breaking: Shaq Throws Joy Behar Out Of His Big Chicken Restaurant, “Keep Your Toxicity Out”

In an incident that’s as unprecedented as it is symbolic, Shaquille O’Neal, the basketball legend turned entrepreneur, has thrown Joy Behar, a co-host of the daytime talk show…

Breaking: NCAA Bans Lia Thomas For Life From Competitive Swimming, “Should Try for Another Category”

In a move that has sent shockwaves through the world of competitive swimming, the NCAA has made the decision to ban Lia Thomas, the transgender swimmer, from participating…

Fans Cheered Reba McEntire’s National Anthem, Boo Andra Day’s Black National Anthem at Super Bowl LVIII

In an event that encapsulated the breadth of America’s cultural and societal divisions yet also its moments of unity, Super Bowl LVIII presented a stark juxtaposition in public…

Breaking: Whoopi Walks Out Crying After Confronting Tim Scott on ‘The View’

In an episode of “The View” that will be remembered for its raw intensity and emotional depth, Whoopi Goldberg, the show’s co-host and a revered figure in entertainment,…

Breaking: Caitlin Clark Rejects $550 Million Commercial Deal With LeBron James, “He’s A Woke Creep”

In a surprising turn of events, rising basketball star Caitlin Clark has turned down a staggering $550 million commercial deal that would have paired her with NBA legend…

Breaking: Jason Aldean and Vanilla Ice Cancel New York From Their ‘You Can’t Cancel America’ Tour

In an unexpected twist that mirrors the contentious climate of American politics and culture, country music star Jason Aldean and iconic rapper Vanilla Ice have announced the cancellation…

Leave a Reply

Your email address will not be published.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