Tesla reportedly delays Robotaxi launch by two months

According to a report from Bloomberg today, Tesla has delayed its Robotaxi launch event. Initially scheduled to take place on August 8, it will now be pushed back to October, if this is accurate.

The reason? Allowing its teams to have more time to build additional prototypes, according to "people familiar with the decision". The delay has reportedly been communicated internally at Tesla, but not made public just yet.

The Robotaxi's design team was also told to "rework certain elements of the car", the report claims. In anticipation of the August 8 event, Tesla's stock value climbed for 11 days straight, but now it's down because of this report, while Uber and Lyft stocks are up.

Tesla reportedly put a cheaper Model 2 on the backburner in order to focus on the Robotaxi project, which is the company's Hail Mary at this point, following a decline in sales in the first half of this year. The Cybertruck hype cycle is pretty much over now and the truck's sales haven't really made a dent in the numbers, so now it's onto the next hype train for Elon Musk and Tesla, and that's the Robotaxi.

Let's see how long it lasts before Musk will need to come up with some other hype thing to keep the stock value climbing.