AI-Guided Drones Transform Ukraine’s Battlefield Strategy 
ByteDance Unveils New AI Voice Assistant for ZTE Smartphones 
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
Apple Leads Singles’ Day Smartphone Sales as iPhone 17 Demand Surges 
Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman 
Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns 
Amazon and Google Launch New Multicloud Networking Service to Boost High-Speed Cloud Connectivity 
Norway’s Wealth Fund Backs Shareholder Push for Microsoft Human-Rights Risk Report 
TSMC Accuses Former Executive of Leaking Trade Secrets as Taiwan Prosecutors Launch Investigation 
Banks Consider $38 Billion Funding Boost for Oracle, Vantage, and OpenAI Expansion 
Apple Alerts EU Regulators That Apple Ads and Maps Meet DMA Gatekeeper Thresholds 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Apple Appoints Amar Subramanya as New Vice President of AI Amid Push to Accelerate Innovation 
Samsung Launches Galaxy Z TriFold to Elevate Its Position in the Foldable Smartphone Market 
Australia Releases New National AI Plan, Opts for Existing Laws to Manage Risks 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Tesla is set to unveil its highly anticipated Robotaxi on August 8, marking a significant leap in the evolution of self-driving technology. The unveiling, announced by Elon Musk, aims to quell rumors of the cancellation of Tesla's affordable $25,000 vehicle, reinforcing the company's commitment to innovation and affordability in the electric vehicle (EV) market.
Tesla Refutes Cancellation Rumors, Sets Date for Robotaxi Unveiling
The Tesla Robotaxi will debut on August 8, 2204. Elon Musk announced the unveiling following a report that Tesla had scrapped plans for its low-cost vehicle, also known as the $25,000 car.
Reuters recently reported that Tesla had canceled plans to mass-produce its low-cost car, causing TSLA stock to fall. The publication claimed that Tesla was still working on its self-driving robotaxis, leading many to believe that the company would not release a $25,000 car designed for driving. Musk promptly denied the publication's claims.
Previously, Tesla stated that the low-cost vehicle would have a single design but two functions, with a subtle (or significant) difference in the interior. The first design is a $25,000 car for the mass market that consumers can buy and drive.
Tesla's $25,000 EV and Robotaxi Vision Set to Transform the Market
The $25,000 Tesla car is ideal for the changing EV market. Many reports indicate that EV demand is slowing because customers believe electric vehicles are too expensive and the technology is too complicated. Tesla's $25,000 car will most likely address customer concerns, Teslarati reported.
Regardless of the design, Elon Musk has stated that Tesla's Robotaxi fleet will be adaptable. He mentioned that Tesla owners can add their vehicles to the fleet while at work or when the car is not in use, implying that even vehicles with steering wheels would be considered robotaxis.
Tesla's Robotaxi unveiling in August will provide a glimpse into the company's future and most likely dispel any doubts about its $25,000 EV.
Photo: Michael Förtsch/Unsplash
