Tesla Stock Falls Nearly 3% In Overnight Trading On Robinhood After Self-Driving Cybercab Unveil
Portfolio Pulse from Anan Ashraf
Tesla's stock fell nearly 3% in overnight trading on Robinhood after the unveiling of its self-driving Cybercab and robovan failed to impress investors. The event lacked details, and the timeline for the Cybercab's fleet inclusion is set for 2026, with potential delays hinted by CEO Elon Musk. Investors were hoping for a boost after disappointing Q3 delivery numbers.
October 11, 2024 | 4:32 am
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Tesla's stock fell by 2.7% in overnight trading after the unveiling of its self-driving Cybercab and robovan. The event did not provide sufficient details to boost investor confidence, especially after disappointing Q3 delivery numbers.
The unveiling event was expected to provide a positive catalyst for Tesla's stock, especially after the recent Q3 delivery numbers fell short of expectations. However, the lack of detailed information and the delayed timeline for the Cybercab's fleet inclusion led to a negative market reaction, causing the stock to fall in overnight trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100