Tesla's stock drops due to the delay in Robotaxi! Have you ever experienced autonomous driving?
AshleyJul 12, 2024, 03:01 PM
Recently, according to media reports, Tesla plans to postpone the launch of Robotaxi (self-driving taxi) from August to October, so as to give the project team more time to make more prototypes.
Tesla's share price plunged on the news, its shares fell 5 per cent. As of the close of the US stock market, Tesla's share price has widened to 8.44%, at $241.03 / share. The total market capitalization is now $768.7 billion, which wipes out about $70.9 billion in market value and ends an 11-day winning streak in Tesla shares.
It is worth noting that Tesla's competitor, Uber's stock price rose 6.15%% with a total market value of 153.6 billion US dollars. Meanwhile, Lyft's stock price rose 4.64%% with a total market value of 54.6 billion US dollars.
About Tesla's Robotaxi project, as early as 2016, Musk put it on the agenda and made it one of the important directions for Tesla's future development; At the 2019 Autonomous driving day event, Musk further refined the Robotaxi project and clarified that its business model would be similar to ride-hailing, car sharing. He also predicted the future cost benefits, stating that the average cost per mile would drop to less than $0.18, and owners who join the Robotaxi fleet could earn $30,000 annually.
In 2022, Musk again stated that Robotaxi was expected to be mass-produced in 2024 and remove the steering wheel or pedals, which further promotes the commercial application of self-driving technology. In April of this year, Musk announced that Tesla Robotaxi would be launched on August 8th, but now it has been postponed to October. It is unknown whether it will be delayed again.
If any infringement occurs, please contact us for deletion
Trending News
Perodua Traz VS Ativa, which one is more worth buying?
Traz, as a newly launched mid-sized SUV, offers more spacious room and mainstream power compared to small SUVs, but its pricing appears slightly higher than that of Ativa. Ativa, on the other hand, is Perodua's long-time best-selling small SUV with more affordable pricing and a balanced combination of power and tech features.
Perodua Myvi and Bezza may undergo major upgrades in 2026
After the update, the Bezza will no longer be just a low-cost alternative but a core model in the Perodua system with greater market competitiveness and brand premium potential. The upgrade of the Myvi is not to be unconventional but to strengthen the brand and market, ensuring that the Myvi continues to maintain its irreplaceable position in the new round of product competition.
Perodua Traz VS Toyota Yaris Cross, where does the Traz fall short?
Before the official launch of the Perodua Traz, market expectations were actually very high because it shares the same DNGA platform as the Toyota Yaris Cross. However, sharing the same platform does not equate to the same experience, and the Traz's final performance has indeed been disappointing. Perhaps it is precisely because of the delayed launch that it has almost no competitiveness in the current competitive environment.
Will the Toyota Yaris Cross come to Malaysia? If it comes, how much will it sell for?
The launch of Perodua Traz indicates that the market size of small SUVs in Malaysia has been expanding in recent years. However, the question naturally shifts back to Toyota. As a brand with the most comprehensive product line and a strong foundation in both the SUV and hybrid sectors, will Toyota choose the Yaris Cross to participate in this small SUV competition?
Why is the Toyota Sienna so popular with so many people?
In Malaysia, most family MPVs choose Toyota Alphard, Vellfire, or Kia Carnival. These models each have their advantages in luxury, space, or brand influence, but models that truly balance large space, multifunctional practicality, fuel efficiency, and reliability are rarely seen.
Popular Cars
Model Year
Car Compare
Car Photo