Oliver Haslam·

Tesla’s Robotaxi Launch Reportedly Delayed Until October

After initially aiming for an August unveiling of the much-vaunted robotaxi, Tesla has now reportedly divided to delay that launch until October instead.

The news comes as Bloomberg reports that the news has impacted Tesla’s stock price as the “mood around electric cars is subdued” and investors are turning their attention to the world of artificial intelligence.

But the news that Tesla has chosen to delay the launch of the robotaxi has tanked stock prices yet further, the report explains.

And then came the big blow on Thursday: Tesla is planning to delay its keenly anticipated self-driving technology — the robotaxi — to October, from August. The news sent the stock plunging as much as 8.3%, set to wipe off more than $60 billion from its market capitalization.

Tesla CEO Elon Musk has long touted the robotaxi as a way for Tesla owners to earn revenue from their own vehicles by allowing them to be used as taxis that would drive themselves and earn fares as they go. The company also previewed how the new functionality would work within the Tesla app, but it now seems the plans have hit a speed bump.

Such news is nothing new for Tesla of course, a company that is now more than familiar with Musk’s claims and ambitious predictions not coming to fruition.

All eyes will now be on Tesla to see if the October date also slips, too.

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