Tesla shares drop 8% after Cybercab robotaxi reveal fails to impress
- Tesla shares fell 8% in pre-market trading after the Cybercab robotaxi reveal failed to impress investors.
- Elon Musk unveiled Tesla's Cybercab, a self-driving prototype without a steering wheel or pedals, on Thursday night.
- Investors are worried about the uncertainty of regulatory clearance for FSD and lack of near-term catalysts for the stock.
32 Articles
32 Articles
Uber stock jumps, Tesla stumbles after Elon Musk’s Cybercab reveal
Tesla’s failure to demonstrate progress in the field of autonomous vehicles appears to be making investors skittish.
Tesla stock price sinks after Elon Musk’s ‘We, Robot’ Cybercab event fails to impress
Investors may be wondering if there’s anyone in the driver’s seat at Tesla after CEO Elon Musk led a much-anticipated autonomous driving event that was big on hype but short on specifics. At a “We, Robot” presentation on Thursday, Musk debuted a new self-driving vehicle called the Cybercab, as well as a bus-sized Robovan concept, but the splashy event did not appear to allay investor concerns that regulatory and safety hurdles will make Musk’s e…
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