Why Elon Musk Delayed The Tesla Robotaxi Event

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Why Elon Musk Delayed The Tesla Robotaxi Event
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Musk said the robotaxi event will happen later than expected but didn't say exactly when.

Tesla CEO Elon Musk confirmed in an X post on Monday that an event meant to showcase Tesla's design for an autonomous taxi will happen later than previously announced. Musk said he asked for 'an important design change to the front, and extra time allows us to show off a few other things.' Musk first announced the event in April, saying that the time that Tesla would show off a robotaxi—potentially called the CyberCab—just a few months later on August 8.

Tesla Cybercab Render Inside Musk envisions a self-driving taxi network that uses both purpose-built robotaxis—the vehicle we were expecting to see for the first time in August—as well as cars from Tesla customers who opt in. The CEO has said that Tesla's future rides on its ability to deliver self-driving technology. And Wall Street agrees, rewarding Tesla with a market capitalization that's several times that of its automaker peers.

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