Investors are questioning Tesla's leadership after a recent autonomous vehicle event led by Musk which, despite high expectations, delivered more hype than concrete details about technology and timelines.
While unveiling the Cybercab and Robovan concepts, Musk's presentation didn't reassure investors worried about meeting ambitious production timelines, leaving Tesla's stock under pressure amidst broader EV market struggles.
The event's reception from analysts was lukewarm, with Jefferies describing it as 'toothless', emphasizing the absence of substantial evidence to support the technology's viability or Musk's forecasts.
The focus on robotics and AI appears to overshadow the potential for a lower-priced 'Model 2' vehicle that could expand Tesla's market reach and revitalize its competitive edge.
Collection
[
|
...
]