Tesla Stock Eases Lower Before Robotaxi Announcement -- WSJ

Dow Jones10-11

By WSJ Staff

Tesla is expected to unveil Thursday night its first driverless car, along with details on a forthcoming robotaxi service that would put it in direct competition with Alphabet's Waymo. The stock has been trading in a narrow range in anticipation of the big event, and recently was down about 1%. Chief Executive Elon Musk has described the reveal as the Tesla's most significant moment since the rollout of the mass-market Model 3 sedan in 2017. Read more on the company's plans here:

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October 10, 2024 15:46 ET (19:46 GMT)

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Comments

  • Guavaxf30
    10-11
    Guavaxf30
    Will the be an Awesome day or Awful day for Elon Musk? Is he going to have Donald Trump appear in a robotaxi at the unvealing?
    • Guavaxf30: 
      Clearly, the Robotaxi/CyberCab event has not had a positive affect in helping the valuation sentiments for Tesla. Now, with EV sales margins already compressed, and the recent cash raising actions, there is nothing holding Tesla up now. Not forgetting the world's riches man owes Morgan Stanley and a whole bunch of banks billions for the funding of Twitter, which essentially an illiquid asset, which even if Musk were to be able to find auyer, it will be a pennies to the dollar he paid. Wow, talka bout a major series of wrong moves.
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