
Elon Musk's BIG announcement, Tesla to launch robotaxi in…, will Donald Trump create trouble for it?
Elon Musk announced that Tesla is 'tentatively' planning to launch its robotaxi service in Austin, Texas, on June 22.
In a post on his X social media platform, Musk emphasized that the date remains flexible as Tesla is taking extra precautions to prioritize safety.
Investors, Wall Street analysts and Tesla enthusiasts have been anticipating the rollout of the driverless cabs since Musk said earlier this year that the service would launch in Austin sometime in June.
Last month, Musk told CNBC that the taxis will be remotely monitored at first and 'geofenced' to certain areas of the city deemed the safest to navigate. He said he expected to initially run 10 or so taxis, increase that number rapidly and start offering the service in Los Angeles, San Antonio, San Francisco and other cities.
Musk has been promising fully autonomous, self-driving vehicles 'next year' for a decade, but the pressure is on now as Tesla actually begins to operate a self-driving taxi service. Sales of Tesla's electric vehicles have sagged due to increased competition, the retooling of its most popular car, the Model Y, and the fallout from Musk's turn to politics.
Some analysts have expressed concern that Trump could retaliate by encouraging federal safety regulators to to step in at any sign of trouble for the robotaxis.
(With Input From Agencies)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
3 hours ago
- Time of India
Just 23 years ago, the world's richest man had to introduce himself, and even spell out his name: E-L-O-N M-U-S-K. Watch Video
From Humble Pitches to Martian Dreams The Man Who Spelled His Name Now Writes the Narrative A Reminder of Reinvention You Might Also Like: A proud Elon Musk shares how SpaceX started in a garage as its Falcon rockets complete 500th mission In a moment that feels almost too surreal for the age of trillion-dollar valuations and reusable rockets, a vintage video of Elon Musk has resurfaced, reminding the world of a time when he had to literally introduce himself, spell out his name, and explain what he the clip, likely from the early 2000s, a young and relatively unknown Musk says into the camera: 'Elon Musk. E-L-O-N-M-U-S-K. Chief Executive Officer of Space Exploration Technologies, or SpaceX .' The video, now viral, is a poignant flashback to a time when the man who would later dominate the electric vehicle, spaceflight, social media, and artificial intelligence industries was just another entrepreneur with a dream—and a rented scene, pulled from a resurfaced interview doing rounds on X (formerly Twitter ), has reignited conversations about Musk's meteoric rise. As per Forbes, Musk, now worth $424.7 billion as of May 2025, is not only the richest person on Earth but arguably the most powerful civilian in shaping its—and space's— full video reveals a remarkably consistent vision: even in those early days, Musk was driven by a cosmic goal. 'I think there's only so much we can learn by looking through a telescope, and eventually we need to go out there if we're to find the answer,' he says earnestly, speaking of the stars like someone speaking of a childhood home yet to be belief, it turns out, wasn't just a passing fancy. In 2002, the same year he became a U.S. citizen, Musk founded SpaceX with $100 million from his PayPal earnings. Despite multiple failed launches that almost bankrupted him, SpaceX succeeded—and the rest is spacefaring history. Today, SpaceX is not only sending cargo and astronauts to the International Space Station but also spearheading efforts to deorbit the ISS and colonize Mars through its Starship Musk's empire doesn't end with rockets. His name is synonymous with Tesla , the EV company he joined in 2004 and transformed into the world's most valuable automaker. Then there's Neuralink , The Boring Company, OpenAI (which he co-founded but later left), and its rival xAI. His $44 billion acquisition of Twitter in 2022 and rebranding of it as X brought him into the cultural and political mainstream—with all its his supporters hail him as a genius visionary, critics point to his erratic behavior, promotion of conspiracy theories, and controversial policies, especially since his control of resurfaced video is more than nostalgia—it is a startling juxtaposition. It reminds us how identities in Silicon Valley are often forged not just through funding rounds, but relentless ambition and near-messianic self-belief. Just two decades ago, Musk was a man trying to get investors to remember his name. Today, presidents remember his the richest man in the world, the father of Starlink and Cybertrucks, and the digital czar of X, Musk now doesn't need to introduce himself. But for anyone feeling invisible in the crowd of dreamers, this throwback offers a rare, powerful truth: even Elon Musk once had to spell it out.


Mint
6 hours ago
- Mint
Morgan Stanley seeks debt buyers for Musk-owned xAI after Trump feud
Morgan Stanley is reaching out to a large pool of investors to strengthen demand for a $5 billion debt sale for Elon Musk's artificial intelligence startup xAI Corp., a deal that offers a window into the fallout from the billionaire's feud with US President Donald Trump. When Morgan Stanley launched the debt offering early last week, it already had more than $3.5 billion in orders. Some investors took that as a sign that the deal would soon be oversubscribed, a goal that has been easily exceeded for other Musk-related offerings, reported Bloomberg. As of Monday, though, demand had only risen to around $5 billion, and the bank began reaching out to smaller lenders who had not been given access last week, according to people familiar with the deal. The firm still intends to finalise the investor list by 17 June as planned. Bloomberg said that banks typically want demand to be substantially higher than the actual deal size so they have more flexibility on pricing and terms. The effort to borrow money for xAI is an early indication of how the feud between Trump and Musk might hit Musk's broader network of private companies, which includes SpaceX and Neuralink. The market value of his biggest company, Tesla Inc., has already fallen $42 billion since last Thursday when Musk and Trump took aim at each other on social media, recovering in the last couple of days from a massive downturn as tensions between the two parties eased, reported Bloomberg. Some potential lenders told Bloomberg that they were initially drawn to the debt offering, in part because of Musk's good relationship with Trump, but are now approaching it with more caution because of the feud. Trump said last week that he would consider ending government contracts with Musk's companies. The debt package includes a floating-rate term loan, a fixed-rate term loan, and senior secured notes. According to Bloomberg sources, official price talk set the yield of about 12% on the notes and fixed-rate loans. Sources told Bloomberg that the floating-rate loan is being discussed at 7 percentage points above the Secured Overnight Financing Rate and a discounted price of 97 cents on the dollar. In meetings on Thursday, investors who were willing to write checks of at least $50 million were allowed to view limited statistics about the company, including revenue, earnings, cash flow and projections, Bloomberg previously reported. The figures showed that the company is spending far more than it is earning. But that had not dimmed enthusiasm about a company operating at the centre of the fastest-growing part of the technology industry. Investors were told last week that the company was worth $80 billion at the end of March, up from $51 billion at the end of 2024, reported Bloomberg. Credit investors were particularly excited because it offered them a rare opportunity to get exposure to the AI industry, which is generally only accessible to equity investors. This is all a very different situation from a few months ago, when Morgan Stanley was selling some of the remaining debt from Musk's acquisition of X. The bank was able to easily unload the loans as Musk's relationship with Trump helped attract buyers. The value of those loans, which fell to as low as 95 cents on the dollar after the feud broke out on Thursday, have recovered to nearly 97 cents, according to Bloomberg-compiled data.


NDTV
6 hours ago
- NDTV
Tesla Model S, Model X Receive Minor Design And Range Revisions
The USA-based electric car manufacturer - Tesla, has rolled out minor updates to its Model S sedan and Model X SUV for buyers around the world. These changes focus on practical improvements, like better range, increased comfort, and quieter cabins, while keeping the core design of the vehicles untouched. Tesla Model S & Model X: Exterior Changes The updates to the exterior are subtle. Both models now have updated alloy wheels, 19-inches for the Model S and 20-inches for the Model X with options to upgrade to 21-inches and 22-inches respectively. The Plaid trims feature sportier bumpers, designed for better stability at high speeds. Additionally, Plaid versions now come with a forward-facing camera and a new "Frost Blue" paint option. Tesla Model S & Model X: Interior Updates Tesla has worked on the improvement of the cabin's comfort and NVH levels. The interior features customizable ambient lighting with new color options and an updated welcome sequence for drivers and passengers. Active Noise Cancellation has also been improved, reducing outside noise, especially on highways. One notable change is that the yoke-style steering wheel is now only available on Plaid models and is no longer standard on other versions. Tesla Model S & Model X: Range and Performance Upgrades Tesla's latest models feature a notable increase in range. The Model S Long Range now offers up to 660 km on a single charge, making it the longest-range option from Tesla to date. However, these enhancements come with some trade-offs. The top speed of the Model S Plaid has been reduced from 321 kmph to 240 kmph, for which Tesla has not provided specific reasons. The Model X has also seen improvements, with the Long Range version achieving 567 km and the Plaid version reaching 539 km, which is an increase of 61 km and 33 km, respectively. Tesla Model S & Model X: Price The updated Model S and Model X come with a price increase of 5,000 USD (approximately Rs 4.3 Lakh). Tesla refers to these changes as an upgrade rather than a full redesign.