At a glitzy unveiling, Musk reached the stage in a "Cybercab" to be produced from 2026 - eventually in high volume - and priced under $30,000. He then introduced the robovan which can carry up to 20 people though offered few further details.
Musk, who has a record of missing projections - and himself said he tended to be optimistic with time frames - did not say how quickly Tesla could ramp up robotaxi production, clear inevitable regulatory hurdles or implement a business plan to leapfrog rivals such as Alphabet's Waymo.
Analysts and industry experts said establishing robotaxis could take years, particularly due to ensuring safety and reliability. They pointed to accidents as well as the difficulty the technology has responding to scenarios such as inclement weather, complex intersections and pedestrian behavior.
This story is from the October 12, 2024 edition of Business Standard.
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This story is from the October 12, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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