Tesla Announces Robotaxi Plans Amid Investor Concerns Over Delays and Distractions

• Tesla shares jumped after Musk announced plans to unveil a robotaxi in August, an attempt to reverse the company's spiral

• Tesla has used splashy product announcements before to drum up investor enthusiasm and distract from current issues

• However, Tesla has a history of overpromising and underdelivering on autonomous driving capabilities

• The robotaxi would use the same next-gen platform as Tesla's delayed $25K car, which was recently reported as shelved

• It's unclear if investors will buy into the latest ambitious announcement, with Tesla's Q1 earnings coming up on April 23