Tesla Stock Sinks. Why the Event Was a Let Down.

4 days ago 9

Tesla Stock Sinks. Why the Event Was a Let Down.

Following Tesla’s highly anticipated Robotaxi event, shares of the EV shaper were down much than 5% successful premarket trading astatine $224.68 portion S&P 500 and Dow Jones Industrial Average futures were some down 0.1%, respectively.

The event, frankly, was a spot of a letdown. Tesla showed a caller “cybercab” and “robovan” and talked astir starting constricted robotaxi work arsenic aboriginal arsenic 2025. But determination wasn’t overmuch method information item oregon treatment for Tesla executives too Elon Musk. Most of what Musk said has been said before.

Coming into Friday trading, Tesla banal was up astir 45% since Musk tweeted connected April 5 that Robotaxi Day was coming. Shares were up astir 6% successful the period starring into the Thursday nighttime event.

Read Entire Article