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Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’

Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’

2 months ago
Anonymous $genLyrxdTY

https://www.theguardian.com/business/2024/oct/11/teslas-value-drops-60bn-after-self-driving-cybercab-fails-to-excite-investors

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.