The post We, Robot Unveils Cutting-Edge Tesla Robovan and Cybercab, Investors Unconvinced appeared on BitcoinEthereumNews.com.

From dancing robots to an Art Deco Robovan, Tesla delivered another exciting event that shoots for the Brave New Future. Tesla’s “We, Robot” event on October 10, 2024, in Burbank, California, was intended to showcase groundbreaking innovations, but it left investors and analysts divided, with enthusiasm tempered by concerns over execution.  The event revealed a range of futuristic products but lacked the detail needed to bolster confidence in their practical implementation. Meet the Cybercab The highlight of the event was Tesla’s unveiling of the Cybercab, a two-seater robotaxi designed to operate without a steering wheel or pedals, marking the company’s ambitious foray into autonomous urban transport. Priced under $30,000, with production slated for 2026, Elon Musk promised the Cybercab would bring down mass transit costs.  Source: Tesla Alongside the Cybercab, Tesla also introduced the Robovan, a larger autonomous vehicle capable of seating 20 passengers or transporting goods, aimed at reshaping public and commercial transport. The  Robovan features striking Art-Deco inspired design. Elon Musk said “the future should look like the future.” Source: Tesla In addition to these autonomous vehicles, Musk showcased Optimus, Tesla’s humanoid robot, which performed basic tasks like serving drinks and dancing. The robot, which Musk described as potentially the company’s biggest product yet, is expected to be priced between $20,000 and $30,000. However, no specific timeline for production was offered, leaving many questions unanswered. Source: Tesla Investor Reactions The market response to the event was swift and severe. Tesla’s stock plummeted nearly 9%, wiping out $67 billion in market value, making it the worst-performing stock on the S&P 500 that day. Investors were left disappointed by the absence of specific details regarding Tesla’s autonomous fleet technology. Despite this, Tesla retained its position as the world’s most valuable car company with a $696 billion market capitalization. Source: Google…

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Filed under: News - @ October 13, 2024 5:06 pm