9 place 31

184 Musk’s Robotaxi Reveal Is a Dud for Investors

The Information
Martin Peers @ The Information 1 place · 10/11/2024 18:00 EDT

Musk’s Robotaxi Reveal Is a Dud for Investors

You certainly can’t accuse Wall Street of being taken in by a glitzy presentation, at least not this week. Elon Musk’s big robotaxi reveal on Thursday night went down like a lead balloon with investors today. Tesla shares fell 9%, while shares of Uber, whose business is theoretically at risk from a Tesla robotaxi, rose nearly 11% to $86. That puts Uber stock a few dollars above where it was in late March, shortly before word that Musk was accelerating his robotaxi plans sent Tesla shares into a slump.Resear

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