Reported about 5 hours ago
Tesla's stock dropped 10% after a lackluster presentation of its robotaxi concept, featuring two-seater Cybercabs designed for autonomous operation. Investors were unimpressed by the event, likening the vehicle demonstrations to a dull amusement ride, and criticized the absence of a detailed execution strategy. Analyst skepticism about Tesla's ability to launch a profitable robotaxi network by 2026 or 2027, alongside a rise in Uber's stock, suggests ongoing confidence in traditional ride-hailing services despite advancements in autonomous technology.
Source: YAHOO