Tesla shares plummet 8% on the New York Stock Exchange after Elon Musk presented his new invention: the robotaxi.
teslaElon Musk’s company, presented the Cybercaba robotaxi without a steering wheel or pedals. Although its launch was anticipated between 2026 and 2027 with a price lower than US$30,000the market seems to not like this futuristic design since shares sink up to almost 8% on Wall Street.
On this day, Elon Musk participated in the “We, Robot” event, held at the Warner Bros. studios in Burbank, California, and there he presented the Tesla Cybercab. This autonomous vehicle had been first announced in 2019, and It represents Musk’s vision of a future where cars won’t need drivers, steering wheels or pedals.
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Elon Musk had assured that in 2019 he would have a batch of robotaxis in 2019, despite this he did not meet the announced deadlines, which caused skepticism among investors and followers. Five years later he decided to make the official presentation of the Cybercab.
Source: Ambito
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