Tesla's recent robotaxi event failed to impress investors causing a 9% drop in stock prices. Following the event, Tesla’s shares dropped by over 9%, falling from $238.77 to $217.80 per share. This decline had a direct impact on CEO Elon Musk's net worth, which is closely linked to the value of Tesla stock, as he owns about 13% of the company. The recent robotaxi event was seen as a critical moment for Tesla, with high expectations surrounding the unveiling of its autonomous vehicles. Despite the criticism, Musk took to social media to highlight positive feedback from some Tesla investors regarding the company’s vision for autonomous taxis.

Source: dna October 13, 2024 04:49 UTC