Tesla doubles down on robotaxi timeline; investors enthused and skeptical

Share via:


Tesla peppered its latest earnings call with pledges to launch commercial robotaxi operations soon, with CEO Elon Musk promising that autonomous vehicles will “move the financial needle in a significant way” by late next year.

While the U.S. electric vehicle maker has missed targets many times before, its reiteration on Tuesday of a previously announced launch target has investors believing that its self-driving future is close.

As its core automotive business struggles, with vehicle sales down 13% in the first quarter, expectations are high for…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Tesla doubles down on robotaxi timeline; investors enthused and skeptical


Tesla peppered its latest earnings call with pledges to launch commercial robotaxi operations soon, with CEO Elon Musk promising that autonomous vehicles will “move the financial needle in a significant way” by late next year.

While the U.S. electric vehicle maker has missed targets many times before, its reiteration on Tuesday of a previously announced launch target has investors believing that its self-driving future is close.

As its core automotive business struggles, with vehicle sales down 13% in the first quarter, expectations are high for…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Crypto firm MemeStrategy becomes first HK-listed Solana investor

MemeStrategy has acquired 2,440 units of Solana (SOL)...

Integrum Energy Infrastructure Limited Received In-Principle Approval From BSE

Mumbai (Maharashtra) , June 16: The Bombay Stock...

Aspora gets $50M from Sequioa to build remittance and...

India has been one of the top recipients...

Popular

Upcoming Events

dafgjgbnvsax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax dasax