Tesla Says Timeline Unclear on Robotaxi -- WSJ
Tesla says it's unclear when it will be able to roll out its self-driving taxis.The company said with its second-quarter results that deployment of the Robotaxi, a self-driving electric model expected to have no steering wheel or pedals, depends on technological advancements and getting the nod from regulators.The company is "working vigorously" on the program because of its "outsized potential value," Tesla said.Tesla is set to unveil the Robotaxi in October after years of talking up the program. Chief Executive Elon Musk has compared the plans for a dedicated ride-hailing network to Airbnb, with Tesla owners deploying their own vehicles for use by others.Shares of Tesla slid more than 2% in extended-hours trading after the EV maker reported per-share earnings for the second quarter that fell short of analysts estimates.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Like
Report
Login to post
No comments yet