We Need Robotaxis, And We Need Them Now: Tesla's Stock Price Plummet Proves It
- by Benzinga.com
- Jul 22, 2024
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Amid the ongoing EV revolution, previously overlooked low-income communities now harbor a huge investment opportunity at just $500.
In April this year, tech giant entrepreneur Elon Musk announced on his social media platform X that the Robotaxi would arrive on Aug. 8, 2024. During the company's earnings report, Tesla released a sneak peek of what to expect, and it was fair to say it captured the world's attention. On five big screens, Tesla revealed some key features of the long-gestating Robotaxi that comes with an app similar to Uber but with Tesla's unique style. The autonomous vehicle is currently being built on Tesla's next-generation vehicle platform and is part of the "Tesla Network."
Musk revealed that the taxis operated by Tesla will be like a "combination of Airbnb and Uber" and that customers can also use these cars. Musk explains, "There will be a bunch of cars where they're owned by the end user," he added, "But that end user can add or subtract their car to the fleet whenever they want." By doing this, Musk has created an opportunity for Tesla vehicle owners to generate income while at work or on vacation, capturing many people's attention. During the first quarter earnings call, Musk explained his belief about this revolutionary passenger-hailing idea, "in the future, gasoline cars that are not autonomous will be like riding a horse and using a flip phone."
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