Tesla decided to postpone the launch of its new generation autonomous taxi service, Robotaxi, after giving it a date of August 8, 2024. The company’s shares have officially hit bottom. Tesla shares, which have been in an upward trend for a while, dropped more than 8 percent after the launch was postponed to October. Here are the details…
Tesla shares affected by Robotaxi decision
According to a report by Bloomberg, based on sources close to the company, Tesla decided to postpone the introduction of robotaxi for a few months. Tesla’s CEO Elon Musk announced three months ago that Robotaxi would be introduced at an event to be held on August 8.
According to the latest news from Tesla, the launch was postponed to October 2024 to give them 2 more months, as engineers needed to work more on the prototype. The postponement of this launch, which was eagerly awaited by Tesla shareholders, ended the 11-session series that increased the stock, causing it to close at $ 241.03 with an 8 percent downward trend.
The automaker’s robotaxi technology is expected to use multiple cameras, ultrasonic sensors and a forward-facing radar that creates a 360-degree view around the vehicle. Musk had previously said that the autonomous taxi would have a futuristic design without a steering wheel or pedals.
In addition to the dramatic decline in sales across the USA, Elon Musk’s conflict and lawsuits with company shareholders, Tesla will also have to deal with the Robotaxi postponement and falling shares.
What do you think about this issue? Will Tesla be able to get through these difficult times? Don’t forget to share your opinions with us in the comments section.
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