These are interesting times for the electric vehicle market. As I just wrote about in an article published recently, Rivian Automotive (RIVN) seems to be facing an existential crisis, while other companies like Ford Motor Company (F) are bracing for weak demand. Increased competition is pushing prices down, and consumers are not wholly sold on the transition from internal combustion engines and hybrids to electric vehicles. Amidst all of this uncertainty, the CEO of Tesla, Inc. (NASDAQ:TSLA), the controversial Elon Musk, recently came out and confirmed that the company will be revealing a robotaxi service in August of this year.