Tesla reveals his robo-taxi concept: high expectation for the October event | OpenAI Login | OpenAI ChatGPT | Chat GPT gratis | Turtles AI

On Oct. 10, Elon Musk will unveil Tesla’s robo-taxi concept in Los Angeles, an eagerly awaited moment that marks the first unveiling of a new product since the Optimus robot prototype unveiled two years ago. The event, to be held in rented space at Warner Bros. studios in Hollywood, promises to have a significant impact not only on Tesla’s future, but also on the entire mobility market. Dan Ives, technology analyst at Wedbush Securities, called this presentation a “key day in Tesla’s history,” highlighting the importance of the new technology to the company. Musk, compared to other events, expressed high expectations, calling this reveal “a history book event.” 

Key points:

•  Elon Musk will unveil Tesla’s robo-taxi concept on Oct. 10 in Los Angeles.  
•  The event marks the first unveiling of a new product since the Optimus robot prototype.  
•  Musk aims to revolutionize the ride-sharing market, increasing Tesla’s value.  
•  Expectations are high, with market estimates of a potential value of $5 trillion.

Tesla’s CEO has turned his investment into a bet on his team’s ability to develop autonomous driving technology without supervision, a goal he likened to a primordial form of general AI. Currently, Tesla vehicles can already operate in autonomous mode, but they require continuous supervision, which is a limitation. Musk indicated that eliminating this need could generate immediate asset value growth, with millions of vehicles already on the road ready to be upgraded. This upgrade could allow owners to earn about $30,000 per year through robo-taxi fares, a figure that reflects past estimates but could be even more relevant today. 

His statements led Musk to advise skeptical investors to sell their Tesla shares, suggesting that anyone who does not believe in solving the autonomous driving problem should not stay in the market. Musk estimated that the value of this technology could reach $5 trillion, a figure that, if realized, would make Tesla the most valuable company on the planet. The transition to a business model focused on robo-taxis could also reduce the company’s dependence on selling cars, shifting profits to a model similar to that of software companies, based on licensing and recurring revenues.

In this context, Musk intends to position Tesla as a direct competitor in the ride-sharing market, offering a cheaper solution than Uber and Lyft by eliminating the need for a driver. Research indicates that the ride-sharing market in the United States is currently untapped, and Musk could fill this gap if his team can bridge the decade-long gap of competitors. The market potential for a low-cost ride service represents a significant opportunity that Tesla could exploit.

Optimism surrounding the event also helped stabilize Tesla’s stock, despite declining earnings forecasts for the year. Ahead of quarterly vehicle sales data, the economic climate has improved as the Federal Reserve cut interest rates, making auto loans more affordable. However, some experts warn that the event could prove to be another occasion where expectations exceed reality, but Musk appears confident.

In addition, there are rumors that the CEO may also announce other news, including the second generation Tesla Roadster, which would not cannibalize sales of current models. The invitation to the event also includes the phrase “We Robot,” hinting that updates on the Optimus prototype may also be unveiled. Musk’s strategy stands out for its ambition, aiming to link several initiatives under the Tesla umbrella.

Anticipation for October 10 is palpable, and attention is focused not only on the robo-taxi unveiling, but also on other potential revelations that could redefine the company’s future.