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Tesla’s Robotaxi Reveal: High Hopes, Low Confidence, and a Sharp Stock Drop

Summary by financialbuzz.com
Tesla, the electric vehicle (EV) maker known for its ambitious innovations, experienced a notable stock decline following the much-anticipated unveiling of its Cybercab robotaxi prototype. On Friday morning, shares were down approximately 8.6%, adding to a 6% dip observed during pre-market trading. This downward trend was preceded by a nearly 1% drop in share prices on Thursday, prior to the unveiling event. Elon Musk presented the Cybercab as T…
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