"Elon Musk to Unveil Tesla Robotaxi on August 8"

Elon Musk announced that Tesla will unveil a robotaxi on August 8, following reports about the company's shift away from a $25,000 low-cost EV to focus on the robotaxi. Musk has been promising autonomous capabilities in Tesla vehicles for years, but the company's vehicles currently come with a driver-assistance system and the option to purchase "full self-driving" features. The announcement comes as Tesla's EV sales have lagged, and profits have fallen, prompting the company to seek new products to boost sales and stock prices.