Tesla’s Robotaxi: How Autonomous Vehicles Will Drive Growth for the Electric Car Giant

Tesla CEO Elon Musk has announced that the company will unveil its robotaxi in August. This autonomous vehicle is a key part of Tesla’s strategy to increase the value of the company through software. Recently, Musk shared this news on social media platform X and Tesla’s stock price surged more than 3%.

Tesla’s Full Self-Driving software is currently in a “supervised” beta testing phase, but it is not yet fully autonomous and requires human intervention. In comparison to other companies like Alphabet’s Waymo and GM-backed Cruise, Tesla’s autonomous technology is still at an early stage of development. Earlier reports suggested that Tesla had abandoned plans for a cheaper electric car to focus more on the robotaxi project.

However, Musk disputed these claims and emphasized that the robotaxi project is moving forward. The pricing details for the robotaxi are still uncertain, and it remains unclear whether it will be available for consumers or solely for commercial use. Currently, owners can access Tesla’s Full Self-Driving software for a monthly fee. Additionally, Musk hinted at future models without traditional controls like pedals and steering wheels, designed to be cost-effective and efficient. Such vehicles could play a significant role in driving growth for Tesla in the coming years.