
Topline
Billionaire Tesla CEO Elon Musk announced Friday afternoon in a post on X that Tesla will unveil its highly anticipated robotaxi later this summer—delivering an after-hours boost to the company’s beleaguered stock.
Key Facts
Musk offered no information beyond the date of the reveal in the announcement on X, formerly known as Twitter, where he posted: “Tesla Robotaxi unveil on 8/8.”
Musk has for years said Tesla will have a robotaxi offering—though he has falsely hinted at its arrival a number of times.
Musk’s announcement came just hours after he accused Reuters of “lying” in an article that said Tesla was stopping development of its more affordable electric vehicle and moving resources to work on the robotaxi—though he did not provide further details.
Forbes Valuation
Forbes estimates Musk to be worth about $189.2 billion as of Friday evening just before 6 p.m., making him the third-wealthiest person in the world.