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robotaxi concept carFortune
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73% Informative
Elon Musk will unveil a robotaxi concept car on Oct. 10 in Los Angeles .
It will be the first new product reveal since his prototype Optimus robot two years ago .
The car could compete with an Uber without the hassle and cost of paying the driver.
Musk estimates the technology is easily worth $5 trillion to investors.
Once activated, owners could earn $ 30,000 in robotaxis fares every year for their owners.
The invite also has the words “We Robot” in the message.
The timing of the event is perfect as the Federal Reserve lowered rates by a half percent and signalled more was to come.
Some notable Tesla bulls like Future Fund managing partner Gary Black have warned the event will likely be just another buy-the-rumor event.
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