Elon Musk is running two separate companies toward the same AI finish line, but their strategies, cash positions, and timelines could not be more different.
Tesla's management is pitching investors on an AI future while the income statement tells a very different story, and the gap between those two realities is getting harder to ignore.
Tesla launched its two-door, steering-wheel-free Cybercab on Thursday. Gary Moss and his son, David Moss, were among the first public riders to try the new vehicle.
Tesla (NASDAQ: TSLA) could be entering one of its historically strongest periods of the year, making the stock worth watching in the coming week.
Tesla (TSLA) concluded the recent trading session at $354.08, signifying a -5.92% move from its prior day's close.
The newest addition to Tesla's fleet of robotaxis is now on the road. Previously, Tesla's driverless taxi service offered only one make of vehicle, called the Model Y.
Tesla (TSLA) stock came under pressure on Friday, a day after the electric vehicle maker officially launched its Cybercab robotaxi in Austin, Texas. Shares fell about 6.4% in trading, although the stock remained on track for its fourth weekly gain in five weeks.
As Tesla Inc. (NASDAQ: TSLA) stock fell by more than 7% over the past 24 hours following an underwhelming Cybercab event on September 3, Gordon Johnson, a Wall Street analyst at GLJ Research, expects a crash to $24 over the next 12 months.
Tesla's stock is taking a big hit, a day after the public launch of its highly anticipated cybercab.
Tesla's private Cybercab event has come and gone, and it was very different from the large, loud, live-streamed events the company usually puts on – an odd choice for the launch of a product CEO Elon Musk has spent years building towards.
On Thursday evening, at ACL Live in downtown Austin, Tesla (NASDAQ:TSLA | TSLA Price Prediction) held an invitation-only launch event for the Cybercab, a passenger vehicle with no steering wheel, no pedals, and no side mirrors.
The company's Cybercab rollout won't be as broad as some investors had hoped for.