Tesla stock sinks as 'toothless' robotaxi disappoints
Jefferies ( JEF) analysts called Tesla’s $30,000 robotaxi, dubbed the Cybercab, a “toothless taxi” in a note to investors Friday morning, adding that Tesla has “ambitious targets" with “little evidence of feasibility.” “We believe TSLA potentially underappreciates the obstacles to scaling a robotaxi fleet,” they wrote.
Investors were disappointed by the absence of updates on Tesla's affordable Model 2 at Elon Musk's "We, Robot" event.
19hon MSN
ToplineTesla stock dove Friday as the initial reaction was sour to the electric vehicle company’s eagerly awaited robotaxi ...
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