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tesla's big announcement! robotaxi release date confirmed! musk: it will go down in history

2024-09-26

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according to tesla’s official weibo on september 26,tesla(tsla, stock price: $257.02, market value: $821.09 billion)robotaxi launch announcement: october 11, beijing time, stay tuned.

for this release,tesla ceoelon·muskon september 26, a blog post was published on weibo, calling it "this will go down in history(This will be one for the history books)”。

on july 11, local time, bloomberg reported that tesla's robotaxi launch event, which was planned to be held in august, was postponed to october to give the project team more time to build more prototypes and test them. previously, the design team was told to redesign certain elements of the car. tesla did not respond to the media's request for comment on this news.

musk has been planning to build the robotaxi service for at least eight years.the reporter of daily economic news noted that the robotaxi project was put on musk's agenda in 2016. the biography of musk also mentioned that musk's grand vision is to let tesla build a vehicle that can drive fully autonomously without any human intervention.

the most important reason why people are so concerned about robotaxi is the desire to seize the travel market with a lower cost advantage.moreover, due to the fierce competition in the electric vehicle market, tesla's competitiveness is also weakening, so betting on robotaxi has become musk's only choice. according to huafu securities' research report, after calculation and comparison, robotaxi's operating cost advantage is prominent.the operating cost per kilometer is only 0.81 yuan, which saves 58% compared with traditional gasoline vehicles and 43% compared with traditional electric vehicles.

in fact, apart from a release date, there are not many details about the robotaxi project. earlier this year, tesla management revealed that the company's robotaxi is called "cybercab". in addition to autonomous operation, tesla owners can also send their cars out to make money, similar to a combination of airbnb and uber.

although the outside world knows little about the details of tesla robotaxi, the development of its fully autonomous driving (fsd) system may provide a glimpse into the development of its autonomous driving models, because the promotion of robotaxi is highly dependent on the performance and smoothness of fsd.

tesla's fsd system has undergone years of evolution and has now been upgraded to version v12.4.3, which is being pushed to some north american customers. fsd v12 is a new "end-to-end autonomous driving" that fully uses neural networks for vehicle control. the arrival of fsd v12.4 marks that the system may gradually cancel the "hold the steering wheel" reminder.

image source: photo taken by reporter zhang jian of meijing (file photo)

data shows that tesla fsd has accumulated 1 billion miles (about 1.6 billion kilometers) in the past three years, and musk said it will exceed 10 billion miles in a short time. this means that the system may have been widely tested in various road conditions, traffic conditions and driving scenarios. everbright securities expects that fsd v12.5 and later versions will continue to significantly improve in performance.

image source: photo by zhang jian, reporter of china business network

on july 24, beijing time, tesla released its second quarter financial report for fiscal year 2024.

the financial report shows that tesla's total revenue in the second quarter was us$25.5 billion, a 2% increase over the same period last year; net profit was us$1.478 billion, a 45% decrease year-on-year.

image source: tesla financial report

while announcing the second quarter financial report, tesla ceo musk also revealed some of the latest progress of the company's business in the earnings conference call. for example, tesla may obtain fsd (full self-driving) licenses in other markets, such as europe and china, by the end of this year. in response, the reporter of the "daily economic news" further verified with tesla china staff, who responded: "at present, the boss (referring to musk) said so, (but) the specific time is still unclear."

regarding the introduction of tesla fsd into china, zhu xichan, professor of the school of automotive engineering at tongji university and director of the institute of automotive safety technology, believes that "china's intelligent driving revolution has reached a breakthrough moment, and tesla fsd, a 'catfish', is needed to enter and promote the development of my country's intelligent driving industry."

as of september 25th local time, tesla was trading at $257.02, up 1.08%, with a market value of $821.09 billion.

daily economic news is a comprehensive analysis of tesla's official weibo, musk's weibo, and daily economic news (reporter: lan suying,dong tianyi), public information

disclaimer: the content and data in this article are for reference only and do not constitute investment advice. please verify before use. you will be responsible for your own risks if you act accordingly.

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