US stock market · July 13, 2024 0

Tesla Reportedly Puts off Launch of Robotaxi to Oct; Shrs Slump 6%+

Tesla (TSLA.US)      will postpone the launch of its self-driving Robotaxi from August to October, Bloomberg cited people with the knowledge of the matter on Thursday. After the news, Tesla's stock price slid by more than 6%.

Electric vehicles (EVs) accounted for more than 80% of Tesla's quarterly revenue. In response to the impact of tepid sales of EVs, the company shifted its focus to AI products, such as Robotaxi and Optimus humanoid robots, in the past few months.
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