this post was submitted on 13 Oct 2024
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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.

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.

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[–] [email protected] 74 points 3 weeks ago (4 children)

Is he going to sue the investors?

[–] [email protected] 34 points 3 weeks ago (2 children)

Sue the stock market for conspiring against the valuation of his companies.

[–] [email protected] 16 points 3 weeks ago (1 children)

Sure Mars for just being so fucking far away

[–] [email protected] 1 points 3 weeks ago

Sue the BIPM for maintaining the system of time that keeps making him miss his own stated deadlines.

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