Tesla Robotaxi to Launch in San Francisco
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Tesla, Elon Musk
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No slides was our first rule,” McNeil told the audience earlier this month at TC All Stage in Boston. “You have to be reviewing real product.”
Tesla's shares declined 1.74% for week, two days after posting lower profits for a third straight quarter amid increased competition and loss of tax credits.
Tesla plans to offer a chauffeur-style service operated by human drivers to a limited number of people in the San Francisco Bay Area, a California regulator said on Friday, contrary to a media report that the EV maker would offer a robotaxi service.
Tesla revenue dropped 12%, and profits slumped 16% in the three months through June as buyers continued to steer clear, and in some cases, turn to more affordable competitors' offerings.
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The Austin-based EV company is still working on taking safety drivers out of the passenger seats and expanding into new cities.
Tesla said on Friday it had received a number of shareholder proposals regarding the company's plan to invest in CEO Elon Musk's artificial intelligence startup xAI.
Elon Musk is taking steps to expand his autonomous ride-hailing service to the Bay Area, according to a Business Insider report.
On an event page for a "Tesla Diner SoCal Protest," the organizer, Tesla Takedown, points to Musk's handling of X, saying it boosts conspiracy theories and extremist views. The page also calls out Tesla's Full Self-Driving feature as "fraud."