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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.

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Fox Business

Tesla shares fall after robotaxi event

Tesla unveiled two versions of its robotaxi vehicle on Thursday evening at its "We, Robot" event. The Cybercab sedan is expected to cost less than $30,000.

5 months ago·United States

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Fortune

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Tesla stock plunges after Elon Musk robotaxi event disappoints

Rather than riding the stock’s recent momentum, the robotaxi unveiling proved to be the “sell the news” event some analysts predicted.

5 months ago·New York, United States

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Investor's Business Daily

Uber Eyes Breakout After 'Toothless' Tesla Robotaxi Reveal

Investors didn't see an immediate threat from Tesla's robotaxi. Uber stock jumped early Friday, set to clear a buy point. Lyft also rallied.

5 months ago

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Quartz

Tesla stock sinks 7% after Elon Musk's robotaxi reveal disappoints investors

Musk unveiled a "Cybercab," which he said would cost less than $30,000

5 months ago·United States

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Fast Company

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…

5 months ago

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