Electric carmaker Tesla Inc. is set to unveil a new robotaxi later this year, as the company seeks to boost sales amidst stiff competition from Chinese electric vehicle (EV) manufacturers.

The announcement was made by Tesla CEO Elon Musk on his social media site, where he revealed plans to introduce the robotaxi to the public. The highly-anticipated unveiling is scheduled to take place on Bloomberg Terminal on August 8.

This move comes at a crucial time for Tesla, as the company is facing challenges in the market due to weak sales and increased competition from cheaper Chinese EVs. Musk’s decision to venture into the autonomous taxi service industry is seen as a strategic move to grow the company’s revenue in the face of mounting pressure from competitors.

The robotaxi is expected to revolutionize the way people commute, offering a convenient and cost-effective alternative to traditional taxi services. With Tesla’s reputation for innovation and cutting-edge technology, the new autonomous vehicle is expected to generate significant interest among consumers and investors alike.

As Tesla gears up to unveil its latest creation, all eyes will be on the company to see if the robotaxi can help boost their sales and regain their position as a leader in the EV market. Stay tuned for more updates on this exciting development from Tesla Inc.

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