The 'We, Robot' event hosted by Tesla aimed to unveil a $25,000 electric vehicle but instead showcased products like Cybercab and a peculiar prototype called Robovan. Elon Musk's stiff presentation and vague details disappointed investors, with Tesla stocks slipping immediately after. The company is banking on the driverless Cybercab, which will compete against rideshare giants like Uber and Waymo in Austin. Challenges lie ahead, including production issues exacerbated by tariffs and internal opposition to Musk's overly optimistic plans, which hinder realistic assessments of the vehicle's viability.
We had lots of modeling that showed the payback and profitability concerns for the Cybercab, but it was ignored at the behest of Musk's vision.
The unveiling of the Cybercab was marked by skepticism among investors as it lacked tangible details and relied heavily on Elon Musk's ambitious vision.
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