Tesla shares tumble on report highly anticipated Robotaxi launch will be delayed

Tesla is delaying the launch of Robotaxi to October from August, Bloomberg News reported Thursday, citing people familiar with the decision.

The Elon Musk-led automaker’s shares fell more than 5% on the news.

To combat a slowdown in EV sales, which generate more than 80% of Tesla’s quarterly revenue, the company has shifted focus over the past few months to its artificial-intelligence efforts such as its Robotaxi and Optimus humanoid robot.

Tesla did not immediately respond to a Reuters request for comment.