Tesla shares close down 8% after report of robotaxi unveiling delay

Posted under: Tech Move
Date: 2024-07-12
Tesla shares close down 8% after report of robotaxi unveiling delay

Tesla's shares plummeted 8% following news of a two-month delay in unveiling its Robotaxi, originally set for August but now rescheduled to October. The delay aims to refine prototype development. CEO Elon Musk has long promised autonomous vehicles, but Tesla has yet to deliver amidst competition advances. The setback follows a recent stock surge driven by strong delivery reports, now offsetting losses for 2024.

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