Investors criticised lack of detail about the ‘robotaxi’ showcased by Elon Musk

Analysts criticise lack of detail about the ‘robotaxi’ showcased by CEO Elon Musk

Tesla shares fell nearly 9% on Friday, wiping about $60bn (£45bn) from the company’s value, after the long-awaited unveiling of its so-called robotaxi failed to excite investors.

Shares in the electric carmaker tumbled to $217 at market close following an event in Hollywood, where the chief executive, Elon Musk, revealed a much-hyped driverless vehicle. The stock price is down roughly 12% year-to-date.

…

However, analysts said the event was short on detail and also expressed disappointment over a lack of specifics about other Tesla projects. Musk has a history of making grand projections about upcoming products and failing to follow through in the timeframe he has set, or at all.

  • DragonstaffEnglish
    18·
    6 hours ago

    I love the aesthetic. I fully support Art Deco public transportation.

    A bus designed by someone who absolutely hates public transportation is pretty funny though. “I wish these seats faced each other so I could sit knee to knee with a stranger.” -Nobody Ever

    And there’s so little passenger space, they have a “luggage” compartment in the front. So I suppose I’m just supposed to put my bag there, out of my sight, then hope nobody takes it before I get off?