Tesla is set to unveil its long-promised robotaxi in Hollywood late on Thursday and update investors on artificial intelligence projects, efforts CEO Elon Musk has bet will drive the electric vehicle maker's long-term growth.
FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. REUTERS/David Swanson/File Photo
Musk's plan is to operate a fleet of self-driving Tesla taxis called Cybercabs that passengers can hail through an app. Individual Tesla owners will also be able to make money on the app by listing their vehicles as robotaxis. Eyes will also be on progress the company has made with the partial automation software it markets as Full Self-Driving that company watchers expect to underpin its robotaxis.
To convince investors that Tesla can keep up the blistering pace of growth it reported several quarters back, analysts said Musk needs to show a prototype and provide detailed plans on how Tesla can overtake rivals such as Alphabet's Waymo, which operates uncrewed robotaxis ferrying paying passengers in a few U.S. cities.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Workers at Musk's Tesla, SpaceX and X donate to Harris while he backs TrumpBillionaire Elon Musk has endorsed Republican former President Donald Trump in the race for the White House, but employees at his collection of companies are largely donating to Trump's Democratic rival Kamala Harris.
Read more »
Commentary: Elon Musk’s AI side gig should keep its distance from TeslaAny deal that directs company money to the CEO’s other artificial intelligence venture detracts from the EV maker’s lofty valuations, says Liam Denning for Bloomberg Opinion.
Read more »
Retrial verdict on world’s longest serving death row prisoner due in Japanese court on ThursdayIwao Hakamada, 88, was jailed under the death penalty for 46 years until he was freed in 2014 pending retrial.
Read more »
About 120 Malaysia VEP tags installed at Woodlands centre since last ThursdayAbout 120 vehicles have successfully installed vehicle entry permit (VEP) tags since the Singapore office started doing so last Thursday. The centre aims to install tags for about 100 to 150 cars a day from next month, if things go well.
Read more »
Singapore stocks open lower on Thursday—STI falls by 0.3% Singapore News%
Read more »
Singapore shares rose on Thursday’s open—STI climbed 0.2% Singapore News%
Read more »