Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’
by Dan Milmo and agency from Technology | The Guardian on (#6RDBQ)
Analysts criticise lack of detail about the robotaxi' showcased by CEO Elon Musk
Tesla shares fell nearly 9% on Friday, wiping about $60bn (45bn) from the company's value, after the long-awaited unveiling of its so-called robotaxi failed to excite investors.
Shares in the electric carmaker tumbled to $217 at market close following an event in Hollywood, where the chief executive, Elon Musk, revealed a much-hyped driverless vehicle. The stock price is down roughly 12% year-to-date.
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