Tesla CEO Elon Musk on Monday announced that the company is delaying its robotaxi event and the reason for the postponement is to incorporate a significant design modification to the vehicle’s front end and also intends to “show off” some other features.
However, he did not provide any specific details about what those additional elements might be.
Musk on his X social media platform in a reply to a user post discussing the event said: “Requested what I think is an important design change to the front, and extra time allows us to show off a few other things.”
Tesla’s stock experienced a significant boost, rising almost 5% during midday trading.
According to a report from Bloomberg News last week, the company’s planned event, initially scheduled for August 8th, has been postponed until October.
The CEO has provided limited information about the company’s robotaxi project. Musk has only mentioned that Tesla will own and operate some of the vehicles, while others will be privately owned but available for rent through Tesla’s network.
Musk announced that Tesla will unveil its self-driving robotaxis in August.
(With inputs from agencies)