Elon Musk gets rocked after Tesla stock drops 7% immediately following his event to introduce the long-awaited robotaxis which immediately flops with investors. John Iadarola and Brett Erlich break it down on The Damage Report.
Read more here:
Tesla stock sinks 7% after Elon Musk's robotaxi reveal disappoints investors - https://www.yahoo.com/tech/tesla-stoc...
"Tesla (TSLA) stock fell during morning trading on Friday, after its highly-anticipated robotaxi reveal failed to impress investors.
The electric vehicle maker’s shares were down around 7.5% on Friday morning after being down about 6% during pre-market trading. Its shares closed down almost 1% Thursday before the event.
Tesla chief executive Elon Musk unveiled the company’s Cybercab self-driving car prototype on Thursday night. The robotaxi is expected to be the EV maker’s first car that is capable of autonomous driving. While Tesla offers driving assistance software for self-driving, the vehicles still require a driver."
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