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The Guardian

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

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



Analysts criticise lack of detail about the ‘robotaxi’ showcased by CEO Elon MuskElon Musk unveils Tesla Cybercab self-driving robotaxiTesla 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. Continue reading…



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

Author : Dan Milmo and agency

Publish date : 2024-10-11 21:34:41

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Tags : The Guardian

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