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
Toyota has Launched a Revamped Version of Corolla in Japan, No Longer Sell Gasoline-Powered Corolla
[PCauto] Toyota has recently launched a new facelift of the Corolla series in Japan, also announcing that all Japanese Corollas will now adopt hybrid power, making the gasoline version a thing of the past.Regarding this, Toyota claims that it will commit to achieving a carbon-neutral target, and the cancellation of the gasoline version of the Corolla is one of the steps towards achieving this goal. Hybrid vehicles can significantly reduce the emissions of pollutants such as carbon dioxide compar
Toyota Plans to Launch 2026 Corolla Hatchback FX: A Nod to the 1987 FX16
[PCauto] Toyota plans to launch the 2026 Toyota Corolla Hatchback FX, with its most distinctive feature being its appearance, which seems to reflect the shadow of the 1987 Corolla FX16.From the appearance, many details of the 2026 Toyota Corolla Hatchback FX express tribute to the 1987 Corolla FX16.The Corolla Hatchback FX is built on the SE base level of the Corolla Hatchback. It is equipped with a vented black tail wing, which not only adds a sporty feel to the vehicle but also improves its ae
All-New Perodua Bezza Coming 2025: Built on Advanced DNGA Platform
html 【PCauto】Perodua has officially confirmed this year that it will launch a "fully redesigned model" (Full Model Change, FMC) within the year. FMC represents a comprehensive redesign of an existing model. Based on product life cycle analysis, among models like Axia, Bezza, Myvi, Alza, Ativa, and Aruz, excluding the relatively newer Axia, Alza, and Ativa as well as the seemingly shelved Aruz, Bezza and Myvi become the main candidates for a facelift.The Myvi underwent an update in 2023, while th
2025 Proton X50 Facelift: Major Upgrades & Possible 4-Cylinder Engine!
html [PCauto] The 2025 Proton X50 facelift is expected to hit the market in the third quarter. As Proton's core product in the B-segment SUV market, the new model will face challenges from competitors like the Honda HR-V. According to information, this facelift will feature comprehensive upgrades, particularly in design and powertrain, aligning closely with Geely China's Binyue L.To be modified based on the appearance of the Binyue LThe new front fascia will depart from the current mesh grille d
Tesla HW5: 5X More Power, Coming 2026
html [PCauto] Tesla is preparing to produce the next-generation FSD hardware (HW5/AI5) and is already considering commissioning Samsung and TSMC for manufacturing.This new hardware system has a computational power target set between 2000 and 2500 TOPS (trillion operations per second), which is 4 to 5 times higher than the current HW4 system (approximately 500 TOPS) used in vehicles such as the Model Y, and over 17 times more powerful than the early HW3 platform (144 TOPS).This performance parame
Popular Cars
Car Compare