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Tesla has some great ideas but earns too little profit to be a buy.
Bullishness behind Tesla's (TSLA) Cybercab and Robovan hinge on its ability to change the transportation industry. Nicholas Mersch says cost optimization and leveraging production will be the company's biggest headwinds moving forward.
Jon McNeill, DVX Ventures CEO and former Tesla executive, joins 'Squawk on the Street' to discuss McNeill's review of Tesla's robotaxi presentation, the data Tesla has from its vehicles on the road, and why Tesla is lagging behind competitors in driverless miles.
Shares in the EV maker fell after a much-hyped event was heavier on showbiz than financial details.
Tesla Inc (NASDAQ:TSLA) stock is down 8.3% today to trade at $218.12, after the electric vehicle (EV) company's vaunted robotaxi reveal fell flat with investors and analysts.
The dream of becoming "the next Tesla" is proving to be an expensive and elusive goal, as even the most promising startups face a harsh path to profitability.
Tesla stock dove Friday as the initial reaction was sour to the electric vehicle company's eagerly awaited robotaxi day, with analysts largely knocking the lack of details presented Thursday night by Elon Musk's electric vehicle firm on its autonomous driving efforts.
In Thursday night's invitation-only reveal, CEO Elon Musk said the company "hopes" to be producing its robotaxi by 2027 at a price point of less than $30,000.
Tesla (TSLA) shares stumbled Friday morning as markets appeared to be initially unimpressed with the electric vehicle (EV) maker's "We, Robot" event last night, which included the unveiling of autonomous taxi and van models.
Tesla Inc (NASDAQ:TSLA) shares fell more than 7% in Friday's pre-market trades in the wake of Elon Musk's electric vehicle company's hotly anticipated robotaxi reveal. Unveiling the new driverless ‘Cybercab' at a glitzy Hollywood event, Elon Musk and Co declared that deliveries should commence by the end of 2025 with a surprisingly small price tag of $30,000.
Tesla on Thursday showcased its long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals, but the glitzy event was light on detail, disappointing investors who had hoped for more concrete plans.