Musk unveils Robotaxi, unsupervised full self-driving future: 'That's what we want'

Published On Oct 11, 2024, 11:10 AM

Elon Musk has unveiled Tesla's latest innovation, the Robotaxi, which will be a fully autonomous vehicle without a steering wheel or pedals, expected to be available by 2026 at a price under $30,000. This vehicle aims to revolutionize urban transportation by significantly lowering operational costs, potentially around $0.20 per mile compared to the $1 per mile average for buses. The concept envisions a future where personal commuting is transformed into a more efficient, enjoyable experience that enhances city life.

Stock Forecasts

The introduction of the Robotaxi could positively affect Tesla's stock as it positions the company ahead in the autonomous vehicle market, appealing to consumers looking for innovative transportation solutions. Moreover, the potential cost efficiency and increased market presence could drive higher sales and profitability for Tesla.

Related News

Gerber Kawasaki CEO Ross Gerber comments on Tesla’s ‘We, Robot’ event and the market reaction on ‘The Claman Countdown.’

A district court ruled that Sweden’s constitution prevented it from taking a side in a labor dispute between Tesla and local unions that has dragged on for 11 months.

Investors were left with more questions than answers, it seems, following Tesla’s “We, Robot” robotaxi event on Thursday night.