Tesla shares plummeted 8.8% this Friday on Wall Street, a day after tycoon Elon Musk presented a range of robotaxis in van format and also autonomous vehicles for police departments that disappointed attendees, and later investors. , for not providing new details on how its use could be regularized.
In the pre-opening of Wall Street, Tesla’s fall was almost 6%, reaching a price of $224.80 per share.
Analyst Sergio Ávila explained that despite the excitement generated by the announcement, many experts point out that the development of robotaxis could take years, especially due to regulations and the need to guarantee safety in adverse conditions, such as bad weather or complex traffic situations.
Read: Tesla reveals its robotaxi in an event full of promises but investors were waiting for more details
He added that although Musk assured that autonomous vehicles will be much safer than those driven by humans, he did not give concrete details about how Tesla will overcome the technological and regulatory challenges to bring these vehicles to market.
In his opinion, one of the most interesting aspects of the presentation was Musk’s statement that the Cybercab will use technology based on artificial intelligence and cameras, instead of lidar sensors, which are commonly used by its competitors, something that as has stressed, “it could present difficulties from a technical perspective, but also keep costs lower for Tesla.”
For the analyst, despite the enthusiasm generated by Tesla’s new announcements, some investors expressed “their disappointment at the lack of clear schedules for the implementation of these autonomous vehicles, which leaves open uncertainty about the future of these innovations in the future.” competitive automotive market.
Cybercab Features
During the presentation, Musk stated that the Cybercab will revolutionize people transportation because its cost per kilometer will be 20 cents, one fifth of that of a public bus.
“It’s going to be incredible,” declared the businessman who arrived at the vehicle’s presentation as a passenger in a Cybercab after navigating without a driver through the streets of the Warner Bros. studios in Los Angeles.
Read: This is how Elon Musk silenced government employees so they wouldn’t talk about xAI’s new supercomputer
Musk explained that the vehicle, a silver two-door car whose batteries are recharged by induction instead of connecting with a plug, does not have a steering wheel or acceleration or braking pedals.
The Cybercab, the driverless taxi from its automotive firm, is scheduled to go into production in 2026, with a price of less than $20,000.
With information from EFE
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