Tesla To Unveil Robotaxi On 8 August: Elon Musk

Tesla CEO Elon Musk announced that Tesla will unveil a robotaxi on 8 August.

Taking to X, Musk stated, “Tesla Robotaxi unveil on 8/8.”

Following the billionaire’s announcement, shares of his Austin, Texas-based electric vehicle manufacturer, rose by more than 3% in after-market trades.

Earlier, Musk expressed a liking for self-driving vehicles. He stressed that they will be one of Tesla’s most important products. In the past, Elon Musk asserted that Tesla will make a car that did not have human controls.

Musk further added that the cars, at some point, will have the capability of operating as fully autonomous taxis. It could earn money for their owners by giving taxi rides on their own.

Tesla’s CEO Elon Musk predicted robotaxis by 2020, promising cars lasting 11 years, driving 1 million miles, and earning operators $30,000 annually. However, as of now, Tesla has yet to fully realize these projections due to regulatory and technological challenges.

In an event in April 2019, Musk stated, “The only criticism, and it’s a fair one, is sometimes I’m not on time. But I get it done and the Tesla team gets it done.”

Currently, people can buy full self-driving capability with a new Tesla Model 3 for an extra USD 12,000. Alternatively, they can opt for a subscription, priced at up to USD 199 per month, based on the car’s original setup.

Musk has said the system will one day make Tesla cars incredibly valuable.

As per reports, experts testing the system agree that it’s still far from being able to drive autonomously without human control.

Meanwhile, a report said that Tesla Motors will send a team to scout locations in India this month for a proposed USD 2-3 billion electric car plant.

This development aligns with India’s recent reduction in tariffs on imported EVs, particularly for higher-priced models. This reduction is contingent on companies committing to local production within three years.

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