financetom
Business
financetom
/
Business
/
Tesla delays Robotaxi launch to October from August, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tesla delays Robotaxi launch to October from August, Bloomberg News reports
Jul 11, 2024 9:20 AM

(Reuters) -Tesla is delaying the launch of Robotaxi to October from August, Bloomberg News reported on Thursday, citing people familiar with the decision.

The Elon Musk-led automaker's shares fell more than 5% on the news.

To combat a slowdown in EV sales, which generate more than 80% of Tesla's quarterly revenue, the company has shifted focus over the past few months to its artificial-intelligence efforts such as its Robotaxi and Optimus humanoid robot.

Tesla did not immediately respond to a Reuters request for comment.

(Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Boeing working with DOJ on revised plea deal, CEO says
Boeing working with DOJ on revised plea deal, CEO says
Apr 2, 2025
WASHINGTON, April 2 (Reuters) - Boeing ( BA ) is in discussions with the Justice Department to reach a revised plea agreement stemming from the planemaker's alleged misrepresentations to U.S. regulators about a key system on the 737 MAX, company CEO Kelly Ortberg said Wednesday. Ortberg said at a Senate hearing the company is in discussions with the Justice Department...
Market Chatter: Safran to Receive EU Approval on $1.8 Billion Bid for Collins Aerospace's Flight Controls Business
Market Chatter: Safran to Receive EU Approval on $1.8 Billion Bid for Collins Aerospace's Flight Controls Business
Apr 2, 2025
12:32 PM EDT, 04/02/2025 (MT Newswires) -- Safran is set to receive conditional EU antitrust approval on its $1.8 billion bid for RTX unit (RTX) Collins Aerospace's flight controls business, Reuters reported Wednesday, citing people familiar with the matter. The European Commission's decision is conditional on Safran divesting its electromechanical actuation unit in the US to mitigate competition concerns, the...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Mexico's Inbursa sells 49.9% stake in STM Financial to Stellantis subsidiary
Mexico's Inbursa sells 49.9% stake in STM Financial to Stellantis subsidiary
Apr 2, 2025
MEXICO CITY, April 2 (Reuters) - Mexican bank Grupo Financiero Inbursa said it will sell a 49.9% stake in its automotive finance unit STM Financial to Fidis, a subsidiary of car manufacturer Stellantis ( STLA ). WHY IT'S IMPORTANT Inbursa, owned by Mexican tycoon Carlos Slim, aims to consolidate its automotive financing business through the deal, allowing Fidis to expand...
Copyright 2023-2026 - www.financetom.com All Rights Reserved