"Elon Musk Announces Tesla's Robotaxi Unveiling Amid Chinese EV Competition"

Elon Musk announced that Tesla will unveil a robotaxi on August 8, following a report by Reuters claiming the company scrapped plans for a low-cost EV. Musk disputed the report, stating that Reuters was lying and confirming the robotaxi unveiling. Tesla has been promising a more affordable EV, but Musk's recent announcement suggests a shift in focus towards robotaxis. The company's decision to rely on a camera-only system for its vehicles, while dropping radar and other sensors, raises questions about the feasibility of its robotaxi plans.