Skip to main content

Elon Musk Says Tesla Will Unveil Robotaxi In August

Elon Musk revealed Friday that Tesla will pull back the curtain on a robotaxi this summer, news that comes as adoption of self-driving vehicles hits speed bumps over safety concerns.

The billionaire boss of the electric car maker did not provide details, saying only in his post on X that the "Tesla Robotaxi unveil" will come on August 8.

Tesla shares rose more than three percent in after-market trades following the post, after finishing the day down.

Musk has long boasted of work Tesla is doing on its systems for electric cars to drive themselves.

Tesla models with FSD (Full Self-Driving) "will be superhuman to such a degree that it will seem strange in the future that humans drove cars, even while exhausted and drunk!" he said in a post on X in March.

Musk has also said that owners of Tesla vehicles with FSD will be able to have their cars serve as robotaxis, rather than remain idly parked.

Despite its potential, rollout of self-driving vehicles in the United States has been tentative and rocky so far as both regulators and the public voice safety concerns.

San Francisco has been a testing ground for the technology.

Robotaxis from Google's Waymo in the city have been targeted by vandals opposed to autonomous vehicles, while GM-owned Cruise indefinitely suspended its robotaxi service at the end of October after several accidents sparked a crackdown by California regulators.

Tesla's "autopilot" feature has also come under scrutiny, facing accusations the marketing of the feature oversold its actual capabilities.

Tesla's robotaxi reveal came on the heels of a Reuters report that the company had abandoned Musk's long-touted plan to manufacture an electric car model selling close to $25,000 to drive adoption in the mass market.

Musk fired off a post denying the report.

Tesla this week reported sharply lower first-quarter auto sales amid an underwhelming demand outlook for electric vehicles, while legacy players including Toyota rode improved US inventories to higher sales.

Musk's auto giant reported global deliveries fell 8.5 percent in the quarter, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle makers.

Wedbush analyst Dan Ives called the quarterly results "an unmitigated disaster."

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



from NDTV News-World-news https://ift.tt/hOafElS
Labels:

Comments

Post a Comment

Popular posts from this blog

US Power Firm Admits It May Have Sparked Texas' Largest Wildfire Ever

A US power company admitted Thursday that its equipment may have sparked the largest wildfire in Texas' history. Xcel -- the parent of Southwest Public Service Company, which provides electricity to part of the state -- said it was working with officials investigating the cause of the blaze that charred more than a million acres (over 400,000 hectares). "Based on currently available information, Xcel Energy acknowledges that its facilities appear to have been involved in an ignition of the Smokehouse Creek fire," the company said. Hundreds of homes are thought to have been destroyed in the fire, which is known to have killed at least two people and over 3,000 farm animals. Xcel, which is facing at least one lawsuit, denied its equipment was improperly maintained. "However, we encourage people who had property destroyed by, or livestock lost in, the Smokehouse Creek fire to submit a claim to Xcel Energy through our claims process," the statement said. The W
Post a Comment
Read more

It's Official, Kamala Harris Is Democratic Candidate For US Election

US Vice President Kamala Harris effectively secured the Democratic party's presidential nomination Friday, confirming her remarkable rise to party standard bearer in November's showdown against Republican Donald Trump. Kamala Harris was the sole candidate on the ballot for a five-day electronic vote of nearly 4,000 party convention delegates. She will be officially crowned at a Chicago convention later this month. "I am honored to be the presumptive Democratic nominee for President of the United States," Kamala Harris, 59, said on a phone-in to a party celebration after securing enough votes by the second day of the marathon vote. In the two weeks since President Joe Biden ended his reelection bid, Kamala Harris has gained full control of the party. No other Democrats stepped forward to challenge her elevation to the top of the ticket, making her confirmation as the first Black and South Asian woman ever to secure a major party's nomination a formality. The a
Post a Comment
Read more

All You Need To Know About Donald Trump's 1st Criminal Trial

Donald Trump goes on trial Monday for allegedly covering up hush money payments to hide affairs ahead of the 2016 presidential election which propelled him into the White House. He will become the first former US president to go on criminal trial when jury selection begins next week. Here are the key questions ahead of the landmark trial: What is Trump accused of? As Trump closed in on victory in the 2016 presidential election, adult film star Stormy Daniels was paid $130,000 to keep quiet about an alleged 2006 sexual tryst with Trump. The payments, made by Trump's lawyer at the time, Michael Cohen, were revealed by The Wall Street Journal in January 2018. Prosecutors have seized on the concealment of the payments as "legal fees" in the Trump Organization's accounts when Cohen was reimbursed as the heart of their case. Prosecutors say Trump "concealed the reason for these payments... which clearly were paid in order to influence voters," former prosec
Post a Comment
Read more