Tesla unveils robotaxi, investors seek details

Elon Musk revealed Tesla's Cybercab, a self-driving taxi prototype expected to cost less than $30,000 and enter production by 2026. Despite the excitement, the event lacked technical details, leading to a 9.3% drop in Tesla's shares. Analysts remain skeptical due to Tesla's history of unmet autonomous vehicle promises.

Oct 12, 2024 - 04:30

Tesla unveils robotaxi, investors seek details

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Elon Musk revealed Tesla's Cybercab, a self-driving taxi prototype expected to cost less than $30,000 and enter production by 2026. Despite the excitement, the event lacked technical details, leading to a 9.3% drop in Tesla's shares. Analysts remain skeptical due to Tesla's history of unmet autonomous vehicle promises.