Tesla revises down delivery target to less than 20 million vehicles per year in latest report

Tesla’s Shift Towards Robotaxis Signals Departure from Electric Cars

In a surprising move, Tesla has abandoned its ambitious goal of delivering 20 million vehicles a year by 2030, as revealed in its latest impact report. This decision marks a significant shift in focus for the company, moving away from electric cars towards the development of robotaxis.

CEO Elon Musk had previously set the target of selling 20 million vehicles by the end of the decade, positioning Tesla as a major player in the automotive industry. However, recent developments have seen the company pivot away from this goal, opting to prioritize autonomous driving technology and the launch of its highly anticipated robotaxi.

During a video-link appearance at the “Viva Technology” conference in Paris, Musk emphasized the potential impact of robotaxis and Tesla’s humanoid robot, Optimus, stating that they would be “incredibly profound” for the company. Despite this shift in strategy, Musk remained tight-lipped about the timeline for Tesla’s low-cost cars, leaving investors and consumers eager for more details.

The decision to focus on robotaxis comes as Tesla faces challenges in the electric vehicle market, with slowing demand and increased competition impacting sales. The company’s decision to forego the production of a new, affordable model in favor of robotaxis has raised questions about its long-term strategy and commitment to making electric vehicles more accessible.

As Tesla continues to navigate these changes, investors and industry experts will be closely watching to see how the company’s new direction unfolds and whether it will deliver on its promise of innovation in the autonomous driving space.