Wall Street Not Buying Elon Musk's Big Promises Ahead of Tesla's "Most Hyped" Event in Years

Quick Summary:

Hype Pain Elon Musk is making a big gamble with Tesla by branching out into the self-driving taxi business.

And ahead of the automaker's highly anticipated Robotaxi event this Thursday, where it's expected to reveal its actual robotaxi car nicknamed the "Cybercab," many Wall Street analysts aren't feeling too optimistic about Tesla's prospects.

"This is the most hyped event that Musk has had in almost a decade," Jay Woods, chief global strategist at Freedom Capital Market, told BI.

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Article Details

Author / Journalist: Frank Landymore

Category: Technology

Markets: United States

Topics: Robotaxis Advanced Transport The digest Tesla

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 21:30:19 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 580 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 22972252

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