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Elon Musk says robotaxis are Tesla's future, experts have doubts

Economic TimesEconomic Times Ā· 4m
Elon Musk says robotaxis are Tesla's future, experts have doubts

As Tesla's electric car sales decline, CEO Elon Musk is shifting focus to artificial intelligence (AI) in an attempt to convince investors of future profitability. Musk envisions Tesla as a major player in the driverless taxi market, claiming the company is close to perfecting autonomous vehicles and securing regulatory approval for their deployment. However, significant technological advancements and changes in consumer behavior will be necessary for Musk's vision to become a reality. Tesla will face fierce competition from companies like Waymo, Cruise, and ride-hailing services. Skepticism about Tesla's plans is growing, particularly after the company reported a drop in second-quarter profit and delayed the unveiling of its robotaxi design.

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