Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’
Analysts criticise lack of detail about the ‘robotaxi’ showcased by CEO Elon Musk Elon Musk unveils Tesla Cybercab self-driving robotaxi 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. Continue reading...
“And all transport will be fully autonomous within 50 years.” That statement is incredibly significant. Not long ago he would have said 5 years. I think finally he's realised the impossibility of his previous optimism / bullshit. Now he's switched to social engineering to change the world.