Tesla is set to unveil its highly anticipated Robotaxi on August 8, 2024, with plans to bring the price per mile down to rival bus tickets in major cities. The Robotaxi service is expected to transform urban mobility by offering a cost-effective, convenient, and eco-friendly alternative to traditional car ownership, potentially reducing car ownership in cities and alleviating traffic congestion. Regulatory and societal hurdles, such as gaining public trust in autonomous vehicles and developing new infrastructure, remain significant challenges to overcome before an actual release.