Among the news about the first Tesla year after year sales decline since 2020, the electric car company is setting the stage for a unique product launch.

Tesla CEO Elon Musk posted on X that the company will unveil its first robot on August 8. However, the reveal date doesn't mean that's when deliveries will begin — the first shipments of another Tesla product, the Cybertruck, have arrived YEAR after its discovery.

Tesla's first autonomous taxi will join a market that already offers offerings from competitors such as Waymoan independent company that began like Google's self-driving car project, and cruisethe General Motors Company.

Tesla Robotaxi is revealed on 8/8

— Elon Musk (@elonmusk) April 5, 2024

Musk, who owns X and it is the most followed person on the platform, shared the news with 180 million followers.

^{A Waymo autonomous Jaguar taxi self-driving on March 14, 2024 in Los Angeles, California. (Photo by Mario Tama/Getty Images)}

Reuters reported on Friday that Tesla had decided to shift its strategy away from a $25,000 entry-level electric car and instead toward self-driving cars, a report Musk disputed in a “Reuters is lying (again).” POST on X. Musk did not clarify which part of the article was incorrect.

Connected: Tesla sales, deliveries fall for first time since 2020

A Reuters ANALYSIS from Saturday showed that robotaxis could be more dangerous and complex to create. A robot taxi from GM's Cruise was involved in an accident in October, resulting in extensive review of the company and a REFLECTING of the company's driverless robotaxi. Cruise had been preparing to resume operations since February, according to Bloomberg.

IN Februarya driverless Waymo car hit a cyclist in San Francisco.

“We are deeply concerned that more people will be killed, more first responders they will stumblemore sudden stops are going to happen,” said Cathy Chase, president of Advocates for Highway and Auto Safety. MIT Technology Review. “We are not against autonomous vehicles. We are concerned about unsafe deployment and a rush to market at the expense of the traveling public.”

Tesla last released a new model in 2019 with Cybertruck.