Tesla (TSLA +2.05%) has delayed its robotaxi announcement until at least August as the company tries to build prototypes of a new product. But this highlights how far behind Tesla is in demonstrating robotaxi technology in the real world. In this video, Travis Hoium covers the delay and how Tesla is now behind multiple companies in a race to build an autonomous driving fleet.

*Stock prices used were end-of-day prices of July 13, 2024. The video was published on July 15, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, General Motors, and Mobileye Global. The Motley Fool has positions in and recommends Alphabet, Amazon, Tesla, Uber Technologies, and Volkswagen Ag. The Motley Fool recommends General Motors and Mobileye Global and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

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$382.70
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Tesla's Robotaxi Setback: How This Blunder Could Delay Their Autonomous Future by Years | The Motley Fool