Tesla Is Going All In on Robotaxis—Buckle Up
Mark your calendars: Tesla CEO Elon Musk suggested this afternoon that his electric automaker is going all-in on autonomous vehicle tech—and that Tesla’s robotaxi will be unveiled on August 8.The announcement, posted by Musk on X Friday afternoon, capped off a weird day of reports and counter-reports that sent Tesla’s stock on a roller-coaster ride, slipping down 6 points on the day before recovering in after-hours trading. Earlier in the day, Reuters reported that Tesla had canceled long-gestating plans to develop an affordable electric vehicle for the masses. The “next generation” vehicle is widely thought to be key to the electric automaker’s survival, especially as competition heats up in the EV space. Instead, the news agency reported, Tesla would focus on building a robotaxi, which ...