The Robotaxi Reveal Event was postponed by Tesla; it will still be years away.

According to a report by Bloomberg, Tesla rescheduled the August 8 Robotaxi reveal event for some point around October. Those who knew about this choice said it allowed the teams working on the project more time to create more models. However, following this announcement, Tesla’s stock dropped 8.4% during trading.

The majority of individuals had a negative reaction to the news that Tesla has postponed the Robotaxi reveal event and think that just bulking up doesn’t alter anything in terms of Robotaxi, AI-driven technology, or Tesla Full Self-Driving feature schedule.

Basically, all that Tesla was planning to present at the October event was some prototype hardware designs that they were probably going to show at the Robotaxi reveal event on August 8. Thus, everything is on schedule but for a few tweaks to upcoming products. That does not negate the excitement surrounding Tesla’s hardware concept for Robotaxi, though. The process of developing such items is likely to bring about changes for the company as well.

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