Elon Musk delays robotaxi launch till October due to design change
ECONOMY & POLICY

Elon Musk delays robotaxi launch till October due to design change

Tesla CEO Elon Musk confirmed that the highly anticipated robotaxi unveiling event, initially scheduled for August 8, will be postponed. In a post on X, the social media platform he owns, Musk stated that he requested a design change to the front of the vehicle, necessitating the delay. However, he did not provide a new date for the event.

"The extra time allows us to show off a few other things," Musk wrote on X.

A message seeking comment from Tesla was left unanswered. The source had reported that the event would be delayed until October due to the design changes requested by Musk. This report led to an 8% drop in Tesla's stock that day.

Tesla shares, which had been down more than 40% earlier in the year, have risen over 80% since hitting a 52-week low in April.

Musk has long promoted Tesla's ?Full Self Driving? (FSD) system as a major growth driver for the company, envisioning a fleet of robotaxis generating income for both the company and Tesla owners by utilising the electric vehicles when they would otherwise be parked. The FSD hardware has been available for sale since late 2015 and is currently being tested on public roads by thousands of Tesla owners.

However, the U.S. National Highway Traffic Safety Administration (NHTSA) has identified 75 crashes and one death involving the FSD system, though it remains unclear if the system was at fault. Tesla has consistently stated that the system cannot drive itself and that human drivers must be prepared to take control at all times. (Source: Bloomberg News & ET)

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Tesla CEO Elon Musk confirmed that the highly anticipated robotaxi unveiling event, initially scheduled for August 8, will be postponed. In a post on X, the social media platform he owns, Musk stated that he requested a design change to the front of the vehicle, necessitating the delay. However, he did not provide a new date for the event. The extra time allows us to show off a few other things, Musk wrote on X. A message seeking comment from Tesla was left unanswered. The source had reported that the event would be delayed until October due to the design changes requested by Musk. This report led to an 8% drop in Tesla's stock that day. Tesla shares, which had been down more than 40% earlier in the year, have risen over 80% since hitting a 52-week low in April. Musk has long promoted Tesla's ?Full Self Driving? (FSD) system as a major growth driver for the company, envisioning a fleet of robotaxis generating income for both the company and Tesla owners by utilising the electric vehicles when they would otherwise be parked. The FSD hardware has been available for sale since late 2015 and is currently being tested on public roads by thousands of Tesla owners. However, the U.S. National Highway Traffic Safety Administration (NHTSA) has identified 75 crashes and one death involving the FSD system, though it remains unclear if the system was at fault. Tesla has consistently stated that the system cannot drive itself and that human drivers must be prepared to take control at all times. (Source: Bloomberg News & ET)

Next Story
Infrastructure Urban

Telangana Unveils Bold Vision for Economic and Sustainable Growth

Telangana is charting an ambitious course toward becoming a leader in India's economic landscape with transformative initiatives in infrastructure, sustainability, and connectivity. Speaking at the CII National Council meeting in Hyderabad, the state leadership announced its vision to position Hyderabad as a global service sector hub and a “Future City,” rivalling the likes of New York, London, and Tokyo. Plans include making the city net-zero, pollution-free, and equipped with 3,200 electric buses for public transport. Telangana also leads India in electric vehicle (EV) adoption, having w..

Next Story
Real Estate

India’s Commercial Real Estate Booms Amid Surging Office Space Demand

India's commercial real estate sector witnessed unprecedented growth in 2024, fuelled by soaring demand for office spaces from global companies, according to reports from top property consultancies. Net office absorption reached approximately 50 million square feet last year, marking the highest level in five years, as per data from Cushman & Wakefield and JLL Research. Overall office leasing activity hit a record 79 million square feet across India's top nine cities, with Bengaluru leading the charge, accounting for 28% of total absorption. Rahul Arora of JLL noted that India's office market ..

Next Story
Infrastructure Transport

Mumbai Metro Lines 7 and 2A Achieve Full Operational Authorisation

Mumbai's metro network reached a significant milestone as the Chief Commissioner of Rail Safety (CCRS), New Delhi, granted safety certification for the regular operation of Metro Line 7 (Red Line) and Metro Line 2A (Yellow Line). This approval ensures compliance with all conditions from the provisional authorisation, enabling unrestricted operations at a full capacity speed of 80 kmph, up from temporary limits of 50-60 kmph. Operated by the Mumbai Metropolitan Region Development Authority (MMRDA), Metro Line 2A spans 18.6 km from Dahisar to DN Nagar with 17 stations, while Metro Line 7 covers ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000