Musk says Tesla to unveil robotaxi self-driving car

By: Anthony Robiedo
USA Today

..... Tesla CEO Elon Musk announced recently that the company will unveil its robotaxi this summer. [2024]
..... The entrepreneur, also the owner of social media platform X, has previously discussed efforts to create Tesla cars without human controls and for existing vehicles to gradually improve Full Self-Driving capability, which are not fully autonomous.
..... The technological feat has been a longtime goal for Musk, who has said autonomous taxis could revolutionize modern transportation by becoming more popular than human-driven cars and that automaker would be "worth basically zero."
..... In April 2019, Musk revealed that eh expected Tesla robotaxis to be fully operating by 2020.
..... The company predicted that driverless vehicles would withstand 11 years and 1 million miles, earning the company $30,000 in annual profit. he also shared that the cars would be accompanied by a ride-hail app similar to Uber. U.S. and Chinese regulators have currently only approved self-driving cars in limited and experimental instances on public roads.
..... The automotive company faces lawsuits and investigations related to crashes with tis existing autopilot and Full Self-Driving driver-assistance systems, which the company has Tesla has explained were the result of inattentive drivers.
..... Murk's announcement comes after a Reuters report revealed that Tesla has scrapped plans for this long-promised inexpensive car, according to three sources familiar with the matter and company message. Investors have been relying on the project to drive its growth into a mass-market automaker, according to Reuters.
..... Musk has often described affordable electric cars for the masses as a primary mission. In 2006, he said his "master plan" had to prioritize manufacturing luxury models before financing a "low-cost family car."

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