Tesla to delay robotaxi launch: what you should know

Elon Musk-owned Tesla is not ready to reveal its robotaxi design in August and is instead pushing the event to October. According to sources, the company needs more time to build the prototypes. Following the news, Tesla’s shares fell more than 6%.

Background: Musk first hinted at the robotaxi event in April. Reuters reported the same day that Tesla had shelved plans for a new vehicle on a future platform priced at approximately $25,000. Musk denied this report on his social media platform, X.