Tesla's ambitious 'We, Robot' event aimed to showcase its future in AI and robotics but ended up disappointing many with a lack of technical detail.
Elon Musk introduced the Cybercab and Robovan during the event, yet the brief presentation failed to provide concrete advancements for investors to support the stock.
Morgan Stanley analysts voiced concerns, questioning if the event effectively promoted Tesla's shift towards AI, expressing disappointment with the scant substance presented by Musk.
Investors were expecting a significant leap towards autonomy and AI from Tesla, but reactions indicated widespread disappointment, resulting in an immediate 8% drop in stock price.
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