Tesla shares drop 6% in premarket after Cybercab robotaxi reveal fails to impress

https://www.cnbc.com/2024/10/11/tesla-tsla-stock-drops-in-premarket-after-cybercab-robotaxi-reveal.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message

25 Comments

  1. West-Way-All-The-Way on

    Who is surprised? The world is waiting for the next great thing and when it happens to be not so great then immediate backlash …

  2. Musk makes new vaporware promises and full self driving is still nowhere to be seen (except on Waymo).

    The TSLA share price drop reflects that people don’t believe his hype anymore.

  3. So Tesla isn’t a car company.

    It’s definitely not a truck company.

    And it’s also not impressing anyone as an AI/AV company.

    Where does the shareholder value reside? In Elon’s unhinged mind?

  4. biscotte-nutella on

    Mr promise promises again.

    Like a YouTube comment said perfectly, he’s just kicking the can down the road.

    His only project I’m looking forward to is starship but even that is running on government money they were supposed to spend for the Artemis moon lander project, which they are doing but it doesn’t seem like their focus really. Seems like they care more about private business and starkink

  5. TSLA earnings numbers come out next week and they’re probably gonna be terrible. He thought he could get out in front of it with this, but probably just made things worse.

  6. No surprises there. The cybertruck was a bit of a disaster, this one to follow in the same direction.

  7. It was almost certainly (95%) all completely fake. The cars were almost certainly being driven by humans. The robots were 100% being controlled by humans (the ones that weren’t preset doing specific things).

    It’s getting old at this point to say, but… I love my Tesla… I hate Elon… They WILL NOT become autonomous vehicles. (PERIOD).

    As long as capitalism exists, no consumer will own a self driving vehicle.

  8. Who would have thought – Elon attempting to pre-sell snake oil once again!

    It’s amazing to see how people still worship this guy. Investors must just be plain crazy at this point.

  9. These things are going to be covered in shit, piss, vomit, have dead bodies loaded into them, spray painted and vandalized and have their tires stolen immediately on almost any large American street, good luck Elon!

  10. It’s starting to feel like Elon is going down the Trump road. Trump airlines, Trump casino, Trump steaks. All failed, like Elon’s ideas.

  11. He shouldn’t have scrapped plans for the cheaper EV model. What a completely bonkers decision.

    We all know out-of-the-box fully autonomous driving is nowhere near feasibility.

  12. Unless the stock falls to its 2019 levels, people are still way too impressed with whatever they’re doing over there.

  13. This literally happens everytime Tesla does an announcement. It will shoot back up in a week

  14. I bought my Tesla in 2019, musk was advertising a full self driving package for 7k more. I got an email saying if I upgraded to that, the following year I would likely be able to send my car out as an Uber to make money for me.

    Dude has been lying about self driving for almost as long as he has had national attention.