Tesla's 'We, Robot' event failed to provide substantial details on the Cybercab, leading to a 9% drop in stock value and investor disappointment.
The lack of concrete information on technology specifications and regulatory timelines at the event was surprising, leaving investors and analysts unsatisfied and skeptical.
As competitors like Waymo progress in the robotaxi market, Tesla's Cybercab must quickly catch up to maintain investor confidence and its market share.
With heightened expectations prior to the event, the brief showcase of the Cybercab performance did little to alleviate concerns about its viability against rivals.
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