Is Elon Musk Already Giving Up on Tesla's Robotaxis?

Tesla (NASDAQ: TSLA) CEO Elon Musk spent years hyping the company's robotaxis, leading up to the autonomous electric vehicles' launch in Austin, Texas, in June.Musk said a robotaxi network would make Tesla the most valuable company in the world, and described fleets of autonomous Teslas gradually taking over the world. He unveiled the autonomous "Cybercab" at a splashy event last October, and he's proposed that individual Tesla owners would be able to cash in on the emerging technology, renting out their vehicles as autonomous ridesharing vehicles when they're not using them. Tesla backers like Ark Invest's Cathie Wood have argued that robotaxis would send the company's valuation to $5 trillion.However, since Tesla's launch of a small robotaxi fleet in Austin, which expanded from an initial number of 10 to 20 in June to 30 by late August, Musk has been rather quiet about the new business. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool