Elon Musk is making a bold move by betting Tesla’s future on its self-driving efforts, particularly on the development of a Robotaxi. Despite the success of Tesla’s electric vehicles, such as the Model Y becoming the best-selling vehicle in the world, Musk is shifting focus to autonomous driving. This decision has led to the postponement of the development of a cheaper Tesla model in favor of Robotaxi. This move is a significant risk for Tesla, as it now heavily relies on solving the self-driving problem to continue growing at a significant pace. The company is investing billions of dollars in NVIDIA compute power to train its self-driving system, with plans to complete a massive data center for Full Self-Driving at Gigafactory Texas. While there is hope for improvement in the self-driving technology, the decision to go all-in on Robotaxi is seen as a risky one by some. Despite the potential benefits of advancing AI technology, it remains uncertain whether Tesla will be able to achieve success with its self-driving efforts within the anticipated timeline. The company’s investors and shareholders are also facing confusion over Musk’s decisions and the risks involved in these strategic moves. Overall, Tesla’s future success now hinges on its ability to develop a successful Robotaxi and advance its self-driving technology.
Source: https://electrek.co/2024/04/16/elon-musk-tesla-all-in-self-driving-robotaxi/
Elon Musk’s High-Stakes Bet: Tesla going all-in on Robotaxi
