Elon Musk delays robotaxi launch till October due to design change

25 Jul 2024 CW Team

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)

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..