Tesla Stock Drops 10% After Delay in Robotaxi Event Pushed to October

Tesla is postponing the unveiling of its Robotaxi event from August 8 to October, aiming to showcase more prototypes and potentially boost shareholder interest. The event, called CyberCab by Elon Musk, is expected to feature a two-seat interior without a steering wheel. Following the report of the delay, Tesla’s stock dropped nearly 10 percent to $271 per share, but has since recovered to $245. CEO Elon Musk has not yet commented on the delay. Source: Tesla. Written by Cláudio Afonso. Connect on LinkedIn. Sign up to never miss an update.