Tesla has introduced the brand new date for its Robotaxi unveiling occasion, as CEO Elon Musk confirmed the worldwide reveal of its driverless electrical car 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 car platform, which different Teslas shall be constructed upon, in August.
Nevertheless, Tesla had some inside plans to make modifications to the Robotaxi design and felt the occasion can be extra sturdy with extra particulars and options that would wish extra time for improvement.
Earlier this month, Bloomberg reported that Tesla was having discussions about pushing the occasion again by two months and said 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 based mostly on the necessity for a redesign:
Requested what I believe is a vital design change to the entrance, and further time permits us to point out 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 practically yearly since 2016 that it will be able to growing a automotive that’s utterly self-driving. This has not but occurred.
Nevertheless, with the launch of newer variations of Full Self-Driving (FSD), there’s considerably extra momentum than in previous years, which makes the corporate extra assured that it will likely be able to full autonomy earlier than different corporations are.
Analysts have 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 unfavourable on a delay of August eighth based mostly on this report that simply hit, we consider the timing of robotaxis, partnerships, and the last word autonomous and AI-driven know-how doesn’t change in any respect for our bullish Tesla thesis. To some extent, we consider this 2-month delay may 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 buyers need MORE particulars…not much less at this historic occasion.”
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