[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
Motional, Hyundai Motor Group’s robotaxi service joint venture in the United States, has hit a rough patch recently, facing major investor pullouts, a delayed service launch and a drastic 40 percent workforce reduction. This turbulence comes as Elon Musk recently announced Tesla’s plans to launch its own less costly robotaxi service in August. But Motional says they expect industry-wide investments in full self-driving (FSD) and robotaxi technologies due to their cash-generating pote
May 16, 2024