Tesla's Cybercab Unveiling Sparks Stock Concerns

Tesla recently unveiled its highly anticipated robotaxi, the Cybercab, and the multi-passenger Robovan at a Hollywood event, sparking mixed reactions from investors and analysts. The Cybercab, costing less than $30,000, features no steering wheel or pedals and is expected to be available by 2026. However, despite Elon Musk's claims of advancements in Full Self-Driving (FSD) technology, Tesla's stock dropped significantly due to the lack of concrete details on execution and regulatory approval. The Robovan, inspired by Art Deco trains, seats up to 20 passengers and can be adapted for various uses, including as a school bus or RV. Analysts expressed skepticism about the feasibility of Musk's timelines, noting Tesla's history of missing deadlines and the absence of detailed data on FSD progress. Competitors like Waymo and Cruise are already deploying autonomous vehicles, raising questions about Tesla's ability to catch up in the self-driving market.