Elon Musk says Tesla will unveil its robotaxi on Aug. 8; shares pop

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Elon Musk says Tesla will unveil its robotaxi on Aug. 8; shares pop
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Tesla will reveal its robotaxi product on Aug. 8, CEO Elon Musk said in a social media post on X.

Musk has spoken about the robotaxi project for years, and it could represent a major new business for the carmaker as investors grow wary of the company during a period of slowing growth.Musk has spoken about the robotaxi project for years, and it could represent a major new business for the carmaker as investors grow wary of the companyReuters reported that plansthat he expected to have over 1 million robotaxis on the road by 2020.

GM's Cruise service previously offered self-driving car services in San Francisco before being wound down under regulatory scrutiny after an accident. Since the incident, Cruise's robotaxi fleetTeladoc CEO departs the company after stock's 95% fall from 2021 highs

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