Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’ - eviltoast
Investors criticised lack of detail about the ‘robotaxi’ showcased by Elon Musk

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.

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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.

  • fine_sandy_bottom@lemmy.federate.cc
    5·
    1 month ago

    I’m not the person you asked and I don’t know anything about such things so this is just supposition but…

    I guess it’s an important milestone on the way to colonising Mars. It would be an acknowledgement that we’ve solved (or mitigated…) all the problems in getting a human to and fro.

    Now, if you’re asking whether there’s any realistic benefit to colonising Mars, the answer IMHO is “not in the next 50 years”.

    • Dragonstaff@leminal.spaceEnglish
      2·
      1 month ago

      Yeah, that’s about what I’m thinking. A manned mission to Mars could be an interesting project for our kids or grandkids. Anyone talking about it in our lifetimes is just a grifter.