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.

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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.

  • GenosseFlosse@feddit.org
    9·
    27 days ago

    Will this man be alive by the time he reaches mars, or returns to earth? Will the mars spacecraft have the same build quality and reliability as a Tesla Cybertruck, or will it blue screen after leaving the Earth’s orbit?

    • Pilferjinx@lemmy.world
      8·
      27 days ago

      Dude, I’m positive he won’t make it 2 years and then those christofascists can start with their project with JD couchfucking Vance as the president.