Elon Musk, who has promised full self-driving many times, failed to impress the market.
It can be stated that Tesla’s presentation on Thursday did not turn out exactly as Elon Musk had hoped, because after the unveiling of the two new self-driving vehicles, the Cybercab for taxis and the Robovan van that can transport 20 people or even goods, instead of going up the share price started to fall sharply. From Thursday to Friday, the papers weakened by about 9 percent, and as a result, the car manufacturer lost approximately 60 billion dollars in its stock market value.
According to Tom Narayan, an analyst at Royal Bank of Canada, the uncertainty of investors can be traced back to the fact that Musk pushed the show elements to the fore and focused on presenting his vision, remaining indebted to the details and specifics. Based on the fact that the full self-driving function promised by the tech billionaire is delayed by several years, it is understandable if the shareholders want a predictable schedule and set deadlines.
Narayan does not expect the shares to rise anytime soon, as he believes that the vast majority of investors are interested in cheaper vehicles that serve real market needs much more, but at the event there was no mention of more affordable models, just like the suspiciously large Roadster promised for 2025 silence.
In any case, according to Elon Musk, fully self-driving vehicles can debut in California and Texas as early as next year, while production of the Cybercab without steering wheel and pedals can start in 2026 or 2027, if the necessary permits are obtained.
The tech billionaire only revealed the Robovan self-driving van from the cyberpunk movie, that although the final version may change a lot, they intend to keep the look seen at the presentation.
Source: www.pcwplus.hu
