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Tesla (NASDAQ: TSLA) has delayed its robotaxi announcement until at least August as the company tries to build prototypes of a new product. But this highlights how far behind Tesla is in demonstrating robotaxi technology in the real world. In this video, Travis Hoium covers the delay and how Tesla is now behind multiple companies in a race to build an autonomous driving fleet.

*Stock prices used were end-of-day prices of July 13, 2024. The video was published on July 15, 2024.

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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, General Motors, and Mobileye Global. The Motley Fool has positions in and recommends Alphabet, Amazon, Tesla, Uber Technologies, and Volkswagen Ag. The Motley Fool recommends General Motors and Mobileye Global and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.