+
Elon Musk delays robotaxi launch till October due to design change
ECONOMY & POLICY

Elon Musk delays robotaxi launch till October due to design change

Tesla CEO Elon Musk confirmed that the highly anticipated robotaxi unveiling event, initially scheduled for August 8, will be postponed. In a post on X, the social media platform he owns, Musk stated that he requested a design change to the front of the vehicle, necessitating the delay. However, he did not provide a new date for the event.

"The extra time allows us to show off a few other things," Musk wrote on X.

A message seeking comment from Tesla was left unanswered. The source had reported that the event would be delayed until October due to the design changes requested by Musk. This report led to an 8% drop in Tesla's stock that day.

Tesla shares, which had been down more than 40% earlier in the year, have risen over 80% since hitting a 52-week low in April.

Musk has long promoted Tesla's ?Full Self Driving? (FSD) system as a major growth driver for the company, envisioning a fleet of robotaxis generating income for both the company and Tesla owners by utilising the electric vehicles when they would otherwise be parked. The FSD hardware has been available for sale since late 2015 and is currently being tested on public roads by thousands of Tesla owners.

However, the U.S. National Highway Traffic Safety Administration (NHTSA) has identified 75 crashes and one death involving the FSD system, though it remains unclear if the system was at fault. Tesla has consistently stated that the system cannot drive itself and that human drivers must be prepared to take control at all times. (Source: Bloomberg News & ET)

Tesla CEO Elon Musk confirmed that the highly anticipated robotaxi unveiling event, initially scheduled for August 8, will be postponed. In a post on X, the social media platform he owns, Musk stated that he requested a design change to the front of the vehicle, necessitating the delay. However, he did not provide a new date for the event. The extra time allows us to show off a few other things, Musk wrote on X. A message seeking comment from Tesla was left unanswered. The source had reported that the event would be delayed until October due to the design changes requested by Musk. This report led to an 8% drop in Tesla's stock that day. Tesla shares, which had been down more than 40% earlier in the year, have risen over 80% since hitting a 52-week low in April. Musk has long promoted Tesla's ?Full Self Driving? (FSD) system as a major growth driver for the company, envisioning a fleet of robotaxis generating income for both the company and Tesla owners by utilising the electric vehicles when they would otherwise be parked. The FSD hardware has been available for sale since late 2015 and is currently being tested on public roads by thousands of Tesla owners. However, the U.S. National Highway Traffic Safety Administration (NHTSA) has identified 75 crashes and one death involving the FSD system, though it remains unclear if the system was at fault. Tesla has consistently stated that the system cannot drive itself and that human drivers must be prepared to take control at all times. (Source: Bloomberg News & ET)

Next Story
Infrastructure Energy

Centre Pushes Greener Coal With Focus on Self-Reliance

The central government has introduced a series of measures to make India’s coal sector more sustainable and competitive, while aligning with global climate goals. Although the country is expanding its renewable energy capacity, coal continues to meet 55 per cent of India’s energy demand. Backed by the fifth-largest coal reserves globally, India is now pursuing a multi-pronged strategy to modernise the sector, reduce environmental harm, and cut down on imports.Greening and Efficiency InitiativesPublic Sector Undertakings (PSUs) in coal and lignite have increased reclamation and afforestatio..

Next Story
Infrastructure Urban

Chennai Clears 200,000 Tonnes Of C&D Waste in 6 Months

The Greater Chennai Corporation has cleared 200,268.50 metric tonnes of construction and demolition (C&D) waste between 7 January and 22 July 2025.According to an official press release, penalties totalling Rs 3.93 million were collected during this period for violations related to unauthorised waste dumping.Zone-wise data shows that Teynampet recorded the highest volume of debris removal at 20,589.15 metric tonnes, followed by Adyar and Anna Nagar. Manali Zone recorded the least, at 7,348.65 metric tonnes.Debris clearance resumed in seven zones from 7 January 2025, after resolution of a l..

Next Story
Infrastructure Urban

Govt Gets Rs 16 Billion Proposals Under ECMS

The Indian government has reportedly received investment proposals worth approximately Rs 16 billion under the Electronics Component Manufacturing Scheme (ECMS), according to official sources.The scheme, which has a total outlay of Rs 228.05 billion, opened for applications on 1 May. It aims to boost domestic manufacturing of electronic components and support the development of a robust supply chain in the sector.An official source confirmed, "We have received proposals worth around Rs 16 billion under ECMS."The response is seen as a positive sign for India's goal of becoming a global electron..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?