Tesla Unveils Robotaxi as Part of Long-Term Growth Strategy

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Oct 11, 2024
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Tesla CEO Elon Musk has unveiled the long-promised robotaxi at a highly anticipated event, marking a significant step in the company's long-term growth strategy. The vehicle, equipped with two gull-wing doors and devoid of a steering wheel or pedals, demonstrates Musk's commitment to revolutionizing the transportation industry.

The plan involves operating a fleet of autonomous taxis named Cybercabs, which users can hail via an app. This new venture aims to integrate seamlessly with Tesla's existing ecosystem, allowing individual Tesla owners to earn money by listing their vehicles as robotaxis on the same platform.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.