October 11, 2024: Tesla Shares Plummet Post Cybercab, Robovan Reveal - Tesla shares fell over 8% after unveiling the Cybercab and Robovan at the We, Robot event. The two-seat Cybercab, lacking a steering wheel and pedals, aims for a 2027 launch but sparked investor concerns over limited seating and the lengthy timeline. Musks past missed auto-driving milestones added skepticism. The Robovan, a 20-seat bus, also lacked production details. Optimus humanoid robots were also showcased, with plans to sell them for $20,000-$30,000. Market doubts about timing and feasibility fueled the stock drop.
