German Manager Magazine: Tesla: Shares under pressure – Robotaxi start postponed to October 003432

Tesla According to a media report, is postponing the market launch of its robotaxi, thereby sending the share price downwards. The shares of the US electric car pioneer slipped by a good six percent on Thursday.

Reveal postponed until October

The unveiling of the new product will be postponed until October, the Bloomberg news agency reported, citing people familiar with the decision. Tesla boss Elon Musk (53) originally wanted to introduce the self-driving taxi on August 8th, according to one of his posts on X. Reuters had previously reported that, according to insiders, the company is abandoning plans for a cheap mass-market electric car to focus on autonomous driving and robotaxi.

“Investors’ initial knee-jerk reaction to the report will clearly be negative,” commented Dan Ives, analyst at asset manager Wedbush. However, he appeared calm. The exact timing for the robotaxis, related deals and the general development of the technologies artificial intelligence 

(AI) “doesn’t change the outlook for Tesla in our opinion,” the expert said.

The Alphabet subsidiary Waymo has brought robotaxis to market maturity. In 2020, the company was the first company in the world to launch a completely driverless robotaxi service on the outskirts of Phoenix, which now extends to large parts of the metropolitan region. The company handles more than 50,000 paid trips per week, primarily there and in San Francisco. At the same time, the service is currently being launched in Los Angeles. The autonomous cars are driving far ahead of all other manufacturers, manager magazin has taken a look at them

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