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Will Tesla's robotaxi reveal live up to hype?

Economic TimesEconomic Times ยท 9m ago
Will Tesla's robotaxi reveal live up to hype?
Medial

- Elon Musk is set to host a highly anticipated robotaxi event termed "We, Robot" at Warner Brothers studio in Los Angeles. - Expectations are that Tesla will reveal a prototype of its robotaxi, aiming for autonomous transportation. - Musk has pushed back the event from August to implement crucial improvements to the vehicle. - Despite concerns about regulatory barriers, Musk believes that once safety is proven, regulators will be supportive of autonomous vehicle deployment. - Some analysts are skeptical about widespread Tesla robotaxi deployment in the near future, citing the need to address regulatory issues and operational challenges. - Tesla's autonomous technology could potentially outperform rivals like Waymo and GM, as claimed by Musk.

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Tesla leaves Uber plenty of road

LivemintLivemint ยท 9m ago
Tesla leaves Uber plenty of road
Medial

- Tesla's recent "We, Robot" event left shareholders disappointed with a lack of details regarding the robotaxi vehicle and service. - Tesla's shares dropped nearly 9% following the event, while Uber's shares jumped nearly 11% as investors saw Tesla's announcement as a best-case outcome for Uber. - Tesla plans to have its robotaxi, called the Cybercab, in production within a couple of years and sell it for less than $30,000. - However, the success of Tesla's robotaxi depends on finding enough riders to fill the fleets and generate returns for individual buyers turned fleet operators. - Other robotaxi operators, like Waymo, have partnered with Uber to leverage its large customer base and existing infrastructure. - Tesla will also face challenges in getting the necessary certifications for full, unsupervised self-driving, which is typically a multiyear process.

Muskโ€™s AI ambitions approach make-or-break moment with Tesla Robotaxi reveal

LivemintLivemint ยท 9m ago
Muskโ€™s AI ambitions approach make-or-break moment with Tesla Robotaxi reveal
Medial

- Tesla is expected to unveil its first driverless car and announce details about a forthcoming robotaxi service. - Elon Musk has described this as Tesla's most significant moment since the launch of the Model 3 sedan in 2017. - The event is scheduled for 7 p.m. Pacific time at Warner Bros. studios in Burbank, Calif. - Analysts anticipate that Musk will showcase a functioning autonomous vehicle and provide a timeline for its launch. - Tesla's stock has rallied ahead of the presentation, with shares up 52% since the announcement in April. - Musk has referred to the robotaxi as the Cybercab and previous sketches depict an almond-shaped, two-seater vehicle without a steering wheel or pedals.

The trouble with Elon Muskโ€™s robotaxi dream

LivemintLivemint ยท 7m ago
The trouble with Elon Muskโ€™s robotaxi dream
Medial

Elon Musk's robotaxi launch showcased his vision for an autonomous Cybercab that would serve as "individualized mass transit". However, the event was light on details and disappointed investors, with Tesla's share price falling by 9% the following day. While robotaxi services have emerged in various cities, there are still uncertainties surrounding profitability and scaling them to more challenging urban environments. Waymo is currently the leader in the field, with other companies like Cruise, Zoox, and Chinese firms Baidu, Pony.ai, WeRide, and Didi also experimenting with robotaxis. Tesla's approach relies on a "full-self driving" system that uses cameras, but it will need to navigate regulatory approval and address safety concerns. The question of who will own and operate robotaxi fleets also remains unanswered.

Elon Musk investor call: 5 crucial insights on Tesla, from Robotaxi to Optimus

LivemintLivemint ยท 1y ago
Elon Musk investor call: 5 crucial insights on Tesla, from Robotaxi to Optimus
Medial

Tesla's first-quarter net income dropped by 55%, but stock rose 11% after CEO Elon Musk announced plans to speed up production of new, more affordable vehicles. Musk promises to begin production of smaller, cheaper models earlier than expected, including the Model 2 small car priced around $25,000. He expressed confidence in surpassing last year's vehicle sales figure of 1.8 million units. Musk also declared Tesla's transition into an artificial intelligence company, highlighted its robotaxi and AI initiatives, and mentioned discussions about licensing Tesla's Full Self Driving features with another automaker. Additionally, he hinted at the development of a Tesla humanoid robot named Optimus.

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