Tesla, an American electric vehicle manufacturer, is set to unveil its driverless vehicle, known as the “robotaxi,” on August 8, according to CEO Elon Musk’s announcement on social network X. The presentation caused Tesla shares to rise 6% in electronic trading after the New York Stock Exchange closed.
Elon Musk envisions that owners of Tesla vehicles equipped with full self-driving (FSD) capabilities will be able to operate them as robotaxis when they are not using them. He has expressed confidence in Tesla’s FSD technology, claiming that it will surpass human abilities in driving to the point where it will seem strange that humans ever drove cars. However, Tesla has faced challenges in developing the robotaxi, including regulatory concerns and public safety considerations.
Recently, Tesla reported disappointing sales in the first quarter amidst increased competition from traditional manufacturers in the electric vehicle market. Additionally, Elon Musk has refuted reports that Tesla has abandoned its plans to produce a low-cost electric vehicle priced around $25,000 aimed at expanding electric vehicle adoption to a wider audience. Despite these setbacks, Tesla continues to innovate and push boundaries in the electric vehicle industry.
In California, where electric vehicle sales are thriving, a recent study revealed a decrease in greenhouse gas emissions in certain areas due to the growing adoption of electric cars. Scientists observed a consistent drop in carbon dioxide emissions each year thanks to a network of sensors around San Francisco Bay where electric vehicles have become increasingly popular.
