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.
https://www.businessinsider.com/trump-calls-elon-musk-wrong-name-speeches-face-scrutiny-2024-9
“Boeing had a little hard time, so they are going to save — Leon’s going to send up a rocket,” Trump said. “He looks forward to it. That’s all he thinks about is things like that.”
I guess Leon likes being treated like a little kid going to summer science camp