Tesla's Cybercab, Robovan Plans Show Pivot for Future -- Market Talk

Dow Jones10-11

1000 ET - Tesla's Cybercab and Robovan ambitions will take time but could be a major financial contributor, say analysts at Wedbush in a research note. The electric-vehicle manufacturer revealed plans for the automobiles on Thursday, part of a larger bet on the company's future with a pivot to robotics and AI while broader consumer interest in EVs has cooled. The analysts believe Cybercab and Robovan can represent up to 20% of overall profits/margin boost by the end of the decade. Investors reacted negatively. The analysts agree that CEO Elon Musk should've provided more details but disagree that the event was a disappointment. Shares decline 8.8% to $217.41. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

October 11, 2024 10:00 ET (14:00 GMT)

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Investors reacted negatively. The analysts agree that CEO Elon Musk should've provided more details but disagree that the event was a disappointment. Shares decline 8.8% to $217.41. 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The electric-vehicle manufacturer revealed plans...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLL","symbol_name":"Direxion Daily TSLA Bull 2X Shares","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2474409213","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474409213","pubTimestamp":1728655200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1000 ET - Tesla's Cybercab and Robovan ambitions will take time but could be a major financial contributor, say analysts at Wedbush in a research note. 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