Tesla shares plunge more than 10% as once-bullish tone on robotaxis shifts
The stock, which has fallen nearly 17% this year as of last close, was down 9.8%, set for its biggest percentage drop in more than a year. Just it’s in the early part of the exponential. That’s why it’s hard for others to comprehend.”Musk on Wednesday’s call reiterated that Tesla is balancing the pace of the expansion with safety.
- ▪The stock, which has fallen nearly 17% this year as of last close, was down 9.8%, set for its biggest percentage drop in more than a year.
- ▪Just it’s in the early part of the exponential.
- ▪That’s why it’s hard for others to comprehend.”Musk on Wednesday’s call reiterated that Tesla is balancing the pace of the expansion with safety.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountA year ago, Tesla (TSLA-Q) CEO Elon Musk said the company’s robotaxi network would expand at a “hyper-exponential rate” and be available to half the population of the U.S. by the end of 2025.On Wednesday’s earnings call, Musk and his executive team struck a more guarded tone as they fielded analysts’ questions about a slower-than-expected rollout.Since launching a small robotaxi pilot in Austin in June 2025, Tesla has expanded to only a handful of other cities, in Texas and Florida, with service often limited to outlying areas.Tesla said paying customers have traveled 2.5 million miles in its robotaxi service, including 380,000 miles in rides without an in-vehicle safety monitor.Tesla’s unsupervised…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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