⚡️Tesla lost 8% After Disappointing Robotaxi Presentation

⏺Shares of electric car maker Tesla fell after investors were underwhelmed by its long-awaited robotaxi unveiling. Musk unveiled the Tesla Cybercab concept car - a low, silver two-seater without a steering wheel or pedals - on Thursday evening. It is planned that the car will be able to be driven autonomously.

⏺Tesla's boss said the company hopes to produce the Cybercab until 2027, but did not provide details on where the vehicles would be built. Consumers will be able to buy a Tesla Cybercab for less than $30,000, he said. He also expects Tesla to launch "unsupervised" driver assistance (FSD) in Texas and California in its Model 3 and Model Y electric vehicles next year. So far, the technology requires the presence of a human driver behind the wheel, ready to steer or brake at any time.