Overview

• The robotaxi event was initially scheduled for August 8 but is now delayed to October.
• Musk confirmed the delay allows Tesla to implement important design changes and showcase additional features.
• Tesla's stock saw a significant fluctuation following the announcement, with a brief rise and subsequent drop.
• The robotaxi project is prioritized over the development of a more affordable electric vehicle model.
• Tesla's vehicle sales and production have experienced a decline in recent months, adding pressure on the company.