Reported about 8 hours ago
Tesla's stock dropped over 7% as investors expressed disappointment in the company's long-anticipated robotaxi, the Cybercab, which was unveiled recently. Analysts criticized the lack of clear details regarding production and the feasibility of scaling the autonomous taxi service, leading to skepticism about CEO Elon Musk's ambitious plans. Despite some positive feedback from certain analysts, the overall reception was muted, raising concerns for Tesla's competitiveness in the ride-hailing market against companies like Uber and Lyft.
Source: YAHOO