Tesla's Robotaxi Reveal Leaves Investors Skeptical as Stock Drops
Saturday, 12 October 2024, 12:59
Tesla's Robotaxi Presentation: A Disappointment for Investors
During an anticipated event, Elon Musk showcased Tesla’s self-driving taxi, the Cybercab, leaving much to be desired. Investors questioned the lack of specifics regarding the vehicle's production timeline and regulatory hurdles. With stock prices plummeting by as much as 10% following the reveal, the outlook for Tesla's autonomous vehicle ambitions appears dim.
Highlights from the Unveiling
- The Cybercab is projected to cost under $30,000.
- Production is estimated for 2026, lacking an exact timeline.
- Investors expressed disappointment over the absence of detailed plans for autonomous operations.
Musk's optimistic projections clash with Tesla’s history of unmet deadlines, casting doubt on the viability of its self-driving technology.
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