Sunita Somvanshi
Tesla CEO Elon Musk revealed prototypes of the Cybercab robotaxi and Robovan autonomous passenger vehicle at the "We, Robot" investor event on October 11th.
Photo Source: @Tesla (X formerly twitter)
The Robovan concept is designed to transport up to 20 passengers autonomously.
Musk proclaimed that "the autonomous future is here."
Musk reiterated promises of unsupervised full self-driving (FSD) trials in Texas and California next year.
Investors were disappointed.
Tesla stock fell nearly 10% in early trading Friday .
Tesla's camera-only FSD approach is controversial, and the latest version still requires 71 miles compared to Waymo's 17,311 according to The Dawn Project.
Piper Sandler noted, "We wouldn't be surprised if the stock sells off in the coming weeks, as pre-event momentum fizzles."
For Tesla, the winding road to robotaxi nirvana is proving longer than Musk's optimistic timelines.
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