Tesla $TSLA Delays Robotaxi Unveiling to October from August, Stock Falls 5%

Jul 11, 2024, 03:45 PM

Tesla Inc. plans to delay the unveiling of its Robotaxi from August to October, according to Bloomberg. The decision aims to provide more time for teams to build additional vehicle prototypes. Initially scheduled for August 8, the event's postponement has led to a decline in Tesla's stock price, which fell by 5% following the announcement. The move comes as the company seeks to ensure the quality and readiness of its autonomous vehicle technology before the public reveal. Sources familiar with the decision indicated the need for more prototypes.