Elon Musk set to reveal Tesla robotaxi amid shifting focus from low-cost EV production
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Tesla CEO Elon Musk has announced plans to reveal a Tesla robotaxi on August 8, countering recent reports suggesting a shift in the company's focus away from a low-cost electric vehicle (EV). The announcement follows Musk's dismissal of a Reuters report, which claimed Tesla was abandoning its $25,000 EV project in favour of prioritising the development of a robotaxi.Strategic Shift Amidst Sales StrugglesTesla's decision comes amid sluggish EV sales and declining profits, prompting Musk to seek alternative avenues to bolster the company's performance. Reports indicated that Tesla intended to utilise the same platform for both the low-cost EV and the robotaxi, leading to speculation about the company's strategic direction, Techcrunch reported. Also read: Google to introduce new to...