Elon Musk says Tesla will unveil its robotaxi on Aug. 8; shares pop

Key Facts

• Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023.
• Gonzalo Fuentes | Reuters Tesla will reveal its robotaxi product on Aug. 8, CEO Elon Musk said in a social media post on X. Musk has spoken about the robotaxi project for years, and it could represent a major new business for the carmaker as investors grow wary of the company during a period of slowing growth.
• In 2016, he said Tesla would able to send one of its cars on a cross-country drive without requiring any human intervention by the end of the following year.
• In a push for end-of-quarter sales, Musk recently mandated that all sales and service staff install and demo FSD for customers before handing over the keys.

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