Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Tesla to Release Robotaxis in 2020


Thu 25 Apr 2019 | 09:02 AM
Ahmed Yasser

Tesla CEO Elon Musk announced on Wednesday, another series of ambitious targets while hosting a ''Tesla Autonomy Investor Day'', according to CNBC. Musk expected that the company will become extremely cashflow-positive once it has established a network of autonomous robotaxis at next year.

He admitted that Tesla “won’t have regulatory approval everywhere to run such a network but said he was confident we will have at least regulatory approval somewhere.

Tesla CEO Elon Musk

There is concern within Wall Street that demand for Teslas has slowed after an initial global rush this year, while short-term problems such as arranging successful deliveries globally has proved to be a sticking point.

By the end of 2019, Tesla will reportedly have a wireless software update for that system ready, with a target to ensure the system is “safe” by the middle of 2020.

Last month, Tesla started shipping cars that are said to be capable of fully autonomous driving, thanks to new hardware designed in house.