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Tesla boss Elon Musk has unveiled the firm's long-awaited robotaxi, the Cybercab, at the Warner Brothers Studios in Burbank, California.
The futuristic-looking vehicle, featuring two wing-like doors - and no pedals or steering wheel - deposited Musk in front of an audience, eager to hear details about a project he considers key to Tesla's next chapter.
At the event, billed "We, Robot," the multi-billionaire reiterated his view that fully self-driving vehicles will be safer than those operated by humans and could even earn owners money by being rented out for rides.
However, investors have so far not shared his enthusiasm - Tesla's share price fell after markets opened in the US on Friday morning.
The value of its stock was down more than eight percent, trading at around $219.
Meanwhile shares in ride-hailing rivals Uber and Lyft - which have their own autonomous ambitions - were each trading up to 10% higher.
Questions are also being asked about Musk's prediction that production of the Cybercab would begin some time "before 2027", given his track record of failing to meet his own deadlines.
Dale, O. (2024, October 11). Tesla (TSLA) stock drops after Cybercab Robotaxi and Robovan unveiling. MoneyCheck. https://moneycheck.com/tesla-tsla-stock-drops-after-cybercab-robotaxi-and-robovan-unveiling/