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.

  • Blackmist@feddit.ukEnglish
    902·
    2 months ago

    Bro. Just one more year bro. I swear bro. Just one more year and we’ll have full self driving bro.

    Don’t lose faith bro. Or I’ll sue you and call you a pedo guy.

    • explodicleEnglish
      116·
      2 months ago

      They could easily do it in a year by purchasing Waymo.

        • LifeInMultipleChoice@lemmy.world
          14·
          2 months ago

          No, what makes you think that? I understand doubting Elon, but Waymo works great day in and out. The only bad incident I know of with them was when another vehicle with a person driving hit a pedestrian that threw the pedestrian under a Waymo, and they had to update the software to know what to do when a person spawns under the vehicle. Horrible, yes. But one of their cars wouldn’t have hit the pedestrian to start.

        • explodicleEnglish
          117·
          2 months ago

          Your RC car has level 4 autonomy?