After a decade of Elon Musk's promises about Tesla robotaxis, here's what we know.
In a decade, Elon Musk has advocated for self-driving cars, and next week, the company will reveal its design for autonomous cabs.
Although Tesla has faced criticism for missed deadlines and failed predictions, fans remain hopeful that Musk will deliver at the Oct. 10 event. Despite the company's upcoming robotaxi demonstration, experts are uncertain about its strategy, using Autopilot and FSD technology as a benchmark for progress or stagnation.
In the past ten years, Musk has pledged to produce driverless cars, but competitors have already achieved this goal.
Several companies, including Waymo, Zoox, Pony.ai, and Baidu, are already operating commercial robotaxi services in various U.S. and Chinese cities. Waymo has surpassed 100,000 paid rides per week as of August, while Zoox is currently testing rides for employees with plans to launch its own service.
By 2030, Raymond James predicts that the market for robotaxis could reach $50 billion in annual bookings.
Tesla's potential pivot to autonomy is crucial for the slowing growth of U.S. EV sales.
Tesla has taken a road to realizing its ambitions for a robotaxi.
Technology
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