As Bloomberg revealed that Tesla is postponing the Robotaxi’s launch by two months, the electric car manufacturer’s stock dropped almost 6% on Thursday.
Bloomberg, which quoted sources familiar with the matter, said that Tesla has put back the launch of its robotaxi from August 8 to October in order to give project teams more time to create prototypes.
A stronger-than-expected second-quarter delivery report was the catalyst for an 11-day rise that culminated in Thursday’s Tesla stock decline.
The stock’s annual loss was erased by that surge. But for 2024—a year tainted by widespread layoffs and declining sales partly because of an ageing EV lineup and heightened competition in China—the shares are once again negative.
Source (CNBC)
