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submitted 2 months ago* (last edited 2 months ago) by MicroWave@lemmy.world to c/news@lemmy.world

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.

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.

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[-] cultsuperstar@lemmy.world 22 points 2 months ago

Oh please let us see Elon lose all his fucking money because he's a gigantic ass hat.

[-] Good_morning@lemmynsfw.com 11 points 2 months ago

We can dream, now that he's tied his name to Trump it's not as unlikely as previously.

this post was submitted on 13 Oct 2024
792 points (98.4% liked)

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