Tesla to delay robotaxi unveiling to October, Bloomberg says

Tesla (TSLA) is postponing its planned robotaxi unveiling from August to October in order to let teams working on the endeavor have more time to make additional vehicle prototypes, Bloomberg’s Dana Hull and Edward Ludlow report, citing people familiar with the matter. CEO Elon Musk establish the August 8 date for the event months ago, and optimism about the unveiling has contributed to an 11-day run-up in Tesla stock, the authors note. Tesla shares are currently down 4.6% near noon, while shares of Uber (UBER) and Lyft (LYFT) are up roughly 3% and 5.5%, respectively.