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

Economic TimesEconomic Times · 1y ago
Elon Musk says robotaxis are Tesla's future, experts have doubts
Medial

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.

Five takeaways from Tesla’s robotaxi show

LivemintLivemint · 10m ago
Five takeaways from Tesla’s robotaxi show
Medial

- Tesla unveiled its new fully autonomous cars, the Cybercab and Robovan, which will be used for ride-sharing and compete with Waymo, Cruise, Uber, and Lyft. - The Cybercab will be priced under $30,000, making it more affordable than similar vehicles on the market. - Tesla plans to deploy a "fully autonomous" version of its driver-assistance system, Full Self Driving, in Texas and California next year, with further expansion based on regulatory approval. - Elon Musk envisions a future where self-driving cars not only transport people but also perform various other tasks, leading to an "age of abundance." - Few new details were provided regarding Tesla's business model for driverless taxis, leaving questions about revenue projections and regulatory challenges unanswered.

Uber, Lyft drivers use Teslas as makeshift robotaxis, raising safety concerns

Economic TimesEconomic Times · 10m ago
Uber, Lyft drivers use Teslas as makeshift robotaxis, raising safety concerns
Medial

- A self-driving Tesla car collided with an SUV in Las Vegas, raising concerns about the safety of autonomous vehicles used for ride-hailing services. - Tesla CEO Elon Musk plans to showcase a robotaxi, a self-driving car for ride-hailing services, and already Tesla owners are using the Full Self-Driving (FSD) software for their own versions of robotaxis. - Tesla owners use FSD to reduce stress and extend their working hours by relying on the software, which costs $99 per month. - While companies like Waymo and Cruise operate heavily regulated test versions of self-driving cabs, Tesla drivers are solely responsible for their vehicles, regardless of whether they use driver-assist software. - Some Tesla ride-hail drivers have reported limitations and shortcomings with FSD software, such as sudden unexplained acceleration and braking, leading them to avoid using it with passengers. - There is a need for better regulations and guidelines to prevent misuse of autonomous driving technology in ride-hail services, as current oversight is limited and leaves room for potential safety risks.

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