Stock Track | Tesla Shares Plunge 3% as "Robotaxi" Doubts Linger Despite Ambitious Plans

Stock Track10-10

Tesla Inc.'s shares tumbled 3% in morning trading, as investors remained skeptical about the electric carmaker's ambitious self-driving ambitions despite a highly anticipated "Robotaxi" event unveiling its latest autonomous driving technology.

【Live】Tesla "WE, ROBOT" launch conference. Click to book the live broadcast>>>

The company, led by CEO Elon Musk, has long touted its plans to launch a fleet of self-driving robotaxis, a potential game-changer in the ride-hailing industry. However, Tesla's approach to achieving full self-driving capability has raised concerns among experts and regulators.

Unlike its rivals, such as Waymo and Cruise, which use a combination of sensors, including radar and lidar, Tesla relies solely on computer vision and artificial intelligence (AI) for its self-driving systems. This "black box" approach has been criticized for its inability to precisely identify failures or edge cases that could lead to accidents, raising safety concerns.

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Guavaxf30
10-10
Guavaxf30
Looks like the market is expecting a sell-on-news event.

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