publive-image

Musk said that the robotaxi would go into production in 2026 with a price of less than US$30,000.

Elon Musk will report the quarterly results of the electric automaker on October 23. It is anticipated that Tesla will announce a drop in the profit margin of auto sales.

This is due to the attractive discounts offered to electric vehicle customers. Tesla’s investors and analysts will get the opportunity to question Elon Musk on his robotaxi plans.

Elon Musk gave a 20-minute introduction to the self-driving vehicle. This seems to be the future of Tesla vehicles. This left no time for the investors to question him.

This disappointing event is a reason for investors to inquire about the automaker's primary business, and whether the sales are improving or not.

 Annual Deliveries Dropped Due to Competition from Cheaper EVs

The drop in annual deliveries is likely due to the increasing competition from cheaper EVs in China on the old models. It also may be due to the increasing rivalry from traditional U.S. automakers with new electric models

Musk promised that its Autopilot software would form the basis of its robotaxi business. Experts are expected to enter the period following the earnings report with inquiries regarding production timelines and sales strategy.

Tesla Cars Drove Over 1.6 Billion Miles Using FSD

Tesla cars drove over 1.6 billion miles using FSD. It also includes the latest version of the advanced driver assistance software.

Tesla announced it at the end of the second quarter. It is offering interest-free financing for FSD customers at the purchase of Model 3 or Model Y cars.

Musk said that the robotaxi would go into production in 2026 with a price of less than US$30,000. Tesla's Full Self-Drive software will start production next year in California and Texas.

The US auto safety regulator has started investigating Tesla’s Full Self-Driving (FSD) software, after receiving four reports of crashes.

The crashes happened when “a Tesla vehicle travelling with FSD engaged entered an area of reduced roadway visibility conditions (sun glare, fog, dust) and Tesla’s FSD continued operating,” the statement from the National Highway Traffic Safety Administration (NHTSA) said.

Tesla’s Full Self-Driving Software Adopted by Uber and Lyft

Tesla’s Full Self-Driving (FSD) software is being increasingly adopted by Uber and Lyft drivers. This is raising significant safety and regulatory concerns as these vehicles operate as makeshift “robotaxis.”