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Tesla’s Robo-Taxi Launch Fails to Move Needle as Stock Stagnates Amid Broader Challenges
Tesla’s Robo-Taxi Launch Fails to Move Needle as Stock Stagnates Amid Broader Challenges
20
2
BTCCSquare news:
Tesla shares showed remarkable indifference to last week's robo-taxi debut, inching up just 0.5% despite the technological milestone. The market's muted reaction reflects deeper concerns overshadowing Elon Musk's autonomous vehicle ambitions.
Q2 delivery estimates loom large, with analysts projecting 386,000 vehicles - a potential 13-20% year-over-year decline. This comes as Senate legislation threatens to eliminate EV tax credits by September, a MOVE Musk decried as economically destructive.
The Austin-based demonstration of driverless fare collection failed to dispel bearish sentiment. Tesla shares remain down 14% year-to-date, battered by softening demand and intensifying competition from Chinese automakers.
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