This will be one for the history books,' says Musk, as he transforms his carmaker into an AI and robotics company.

High rates of absenteeism at Tesla Inc.’s lone car plant in Europe have caught the attention of Chief Executive Officer Elon Musk.

Elon Musk is looking towards supercomputers in order to power up his business empire spanning multiple industries with AI. The tech billionaire plans on investing $500 million to set up a supercomputer in New York, besides building another supercomputer cluster called Cortex at the headquarters of electric carmaker Tesla in Texas, US.

After several months of speculation, Elon Musk, CEO of Tesla, has now confirmed via social media that the presentation of the brand’s autonomous taxi will indeed take place on October 10th. The event had previously been postponed due to the need for design changes to the autonomous vehicle.