Reports: Tesla’s Robotaxis to hit the Roads by 2020

Tesla Inc plans to launch its first robotaxis in few U.S. markets by 2020, Reuters reported on Monday. The announcement was made by the company’s CEO, Elon Musk at an event which marked Tesla’s Autonomy Day. The new launch will boost the company’s broader vision towards self-driving ride-sharing network in 2020.

During the launch, Mr. Musk also announced a new microchip for autonomous vehicles at the event. The chip is manufactured by Samsung Electronics Co Ltd in Texas. All the new car models are now equipped with the chip, which now gives the company an edge over its rivals.

The company will also allow owners to list their property equipped vehicles to its ride-sharing app. The app is designed similarly like the business model of Uber or Airbnb. 25 to 30 percent of the revenue will be in Tesla’s pocket, said Mr. Musk.  The company will deliver Robotaxi in the place where there are not enough people to share their vehicles. 

Mr. Musk also said that regulatory approvals may be required to work on the robotaxis initiative. The type of regulatory approval was not revealed.

Tesla’s robotaxi mission comes at a time when it plans to roll out its offerings for India in 2020.

One of the few challenges that Tesla may face during the deploying process of the robotaxi is recharging them.

The company’s vision towards self-driving cars has become stronger than ever by this new announcement by Elon Musk.