Tesla Stock Investors Got a Double Dose of Bad News
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Tesla faces an existential test this month as it aims to launch self-driving “robotaxis” in its home base of Austin, Texas, where public-safety officials are increasingly concerned about the state’s anti-regulation stance toward autonomous vehicles.
Elon Musk posted multiple responses to a video of a Tesla emblazoned with the word "Robotaxi" in cyberpunk-style font driving around.
Tesla stock traded higher early Wednesday as shares continue to recover from last week's sell-off with the feud between Elon Musk and President Trump cooling down.
Bloomberg reported that the launch would be July 12th. But Tesla never confirmed it, and now Musk is saying the long-awaited robotaxi service will “tentatively” kick off in Austin, Texas, on June 22nd.
ISeeCars.com – trackers of used-car sales — says the average price paid for a used Tesla was down 8% to $30,708. The next most significant price drops were Chrysler, off 7% to $25,632, Dodge, off 6% to $33,763, Genesis, off 5% to $33,769, and Maserati, off 5% to $43,821.
The timing for the Austin, Texas launch could change as Tesla is being “super paranoid about safety,” Elon Musk said.
Some Tesla owners sue Elon Musk’s company for damaging their reputation - A small group allege their vehicles have become ‘far-right totems’ that are harming their reputation
Elon Musk's far-right sympathies continue to harm Tesla, with owners in France suing the company to terminate their lease contracts and cover the legal costs
Last week, a social media post from Elon Musk caused many people to stop what they were doing and look down at their phones. Even for the Tesla (TSLA) CEO, known for his controversial and bold opinions,