Tesla has introduced the brand new date for its Robotaxi unveiling occasion, as CEO Elon Musk confirmed the worldwide reveal of its driverless electrical automobile will happen on October 10.
Tesla had initially scheduled the occasion for August 8. Again in April, Musk confirmed the corporate would formally launch the design and provides extra particulars on the next-generation automobile platform, which different Teslas will probably be constructed upon, in August.
Nonetheless, Tesla had some inner plans to make modifications to the Robotaxi design and felt the occasion can be extra strong with extra particulars and options that would wish extra time for growth.
Earlier this month, Bloomberg reported that Tesla was having discussions about pushing the occasion again by two months and acknowledged that the corporate had already determined to delay the occasion from August.
Tesla and Musk didn’t touch upon the report, however the CEO confirmed a number of days later that he had made the choice to push it again primarily based on the necessity for a redesign:
Requested what I feel is a crucial design change to the entrance, and further time permits us to indicate off a number of different issues
— Elon Musk (@elonmusk) July 15, 2024
Whereas the brand new date was not but selected when Musk confirmed the delay on X, the corporate made it official earlier this week on its Q2 Earnings Name. Musk stated the brand new date can be October 10.
Tesla Robotaxi Significance
Tesla has been growing its self-driving platform for a number of years and has hinted almost yearly since 2016 that it might be able to growing a automotive that’s utterly self-driving. This has not but occurred.
Nonetheless, with the launch of more moderen variations of Full Self-Driving (FSD), there may be considerably extra momentum than in previous years, which makes the corporate extra assured that it is going to be able to full autonomy earlier than different firms are.
Analysts had been unconvinced that Tesla’s delay ought to have a considerable impression on the corporate’s inventory or the long-term outlook of the automaker.
Dan Ives of Wedbush stated:
“Whereas the knee-jerk response will clearly be damaging on a delay of August eighth primarily based on this report that simply hit, we imagine the timing of robotaxis, partnerships, and the last word autonomous and AI-driven expertise doesn’t change in any respect for our bullish Tesla thesis. To some extent, we imagine this 2-month delay might simply make the precise Robotaxi occasion and prototypes even higher, and extra eye-popping for Tesla as Musk and the crew know this unlocks the important thing to the long-term way forward for the Tesla story, and traders need MORE particulars…not much less at this historic occasion.”
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