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.
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