Tesla faces skepticism from some investors over its focus on robotaxis rather than low-cost EVs, with Gene Munster expressing support for the company's strategy while Gary Black voicing concerns that institutions may dump the stock.

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Tesla faces skepticism from some investors over its focus on robotaxis rather than low-cost EVs, with Gene Munster expressing support for the company's strategy while Gary Black voicing concerns that institutions may dump the stock. - Benzinga

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What Happened: “Tesla Robotaxi unveil on 8/8,” Musk wrote on X, formerly Twitter. Tesla Robotaxi unveil on 8/8

— Elon Musk (@elonmusk) April 5, 2024 Musk’s update came soon after an exclusive report from Reuters which said that the company has canceled its low-cost EV, often nicknamed Model 2, but will continue to make self-driving robotaxis on the same platform.

Tesla (NASDAQ:TSLA) CEO Elon Musk on Friday said that the company will unveil its self-driving robotaxi on August 8, following reports that the company has scrapped its plans to make a lower-cost EV priced at around $25,000.