Tesla Robotaxi Day Event 'More Fanfare Than Substance': 8 Analysts On Cybercab, Optimus, Autonomous Vehicle Vision
Portfolio Pulse from Chris Katje
Tesla's Robotaxi Day event was met with mixed reactions from analysts, with many expressing disappointment over the lack of clear business plans and updates on lower-cost production vehicles. Despite this, some analysts remain optimistic about Tesla's long-term prospects, particularly in AI and robotics. Tesla's stock has seen a decline following the event.
October 11, 2024 | 4:26 pm
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Tesla's Robotaxi Day event did not provide clear business plans or updates on lower-cost production vehicles, leading to a decline in stock price. Analysts are divided, with some seeing long-term potential in AI and robotics.
The event was anticipated to provide strategic insights into Tesla's future plans, particularly regarding robotaxis and lower-cost vehicles. The lack of substantial updates led to a negative market reaction, with the stock price dropping 7.6%. Analysts' mixed reviews further contribute to the uncertainty surrounding Tesla's short-term stock performance.
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