Tesla's unveiling of its new two-seater robotaxi design has raised eyebrows among industry experts and investors alike, leading to a significant drop in the company's share price.
After the much-anticipated \"Robotaxi Day\" event, Tesla's shares fell sharply by 8.78%, wiping nearly $70 billion off the company's market value. The event left many questions unanswered, particularly regarding regulatory hurdles, pricing structures, global rollout plans, and safety protocols.
An analyst from American investment bank Jefferies commented, \"Elon Musk has not presented any verifiable evidence of advancements in Tesla's autonomous driving technology. This makes it difficult for us to assess the feasibility of the goals outlined by Musk at the event, especially considering there's no precedent for achieving a higher level of autonomous driving relying solely on visual methods.\"
Additionally, Musk did not address how a two-seater robotaxi would meet the needs of families heading to restaurants or airports, raising concerns about the vehicle's appeal beyond a niche market.
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Tesla's two-seater robotaxi design raises doubts among experts
cgtn.com
