Tesla's Robotaxi Reveal Disappoints Investors, Boosts Uber and Lyft

INSUBCONTINENT EXCLUSIVE:
The event, held on October 10, 2024, at Warner Bros.Discovery studio in California, showcased two prototypes: the Cybercab and Robovan
Musk presented the Cybercab, a sedan-like vehicle without steering wheels or pedals, expected to cost under $30,000.The Tesla CEO estimated
He also introduced the Robovan, capable of seating up to 20 people
Musk emphasized the potential for autonomous vehicles to give people their lives back.However, the presentation lacked crucial details about
the technology and implementation timeline
progress has raised doubts among analysts and investors
This prospect may pressure Uber and Lyft to expand their autonomous vehicle offerings or seek partnerships.