Register
Demo
Contacts
 

Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Tesla shares fell after the presentation of Cybercab

October, 11 2024
watermark Economic news

Tesla shares fell 5.7% on Friday after the disappointing presentation of the Cybercab concept self-driving car.


Elon Musk introduced the Cybercab, a low silver two-seater car without steering wheel and pedals. According to the idea, after launching into production, the car will drive itself autonomously.


The head of Tesla said that the company plans to start production of Cybercab by 2027, but did not disclose details about the place of production. According to him, the price of the car will be below $30,000.


Musk also said that next year Tesla will launch Model 3 and Model Y electric vehicles with «uncontrolled FSD» in Texas and California. FSD (Full Self-Driving) is a premium driver assistance system from Tesla, which is available today in a «controlled» version for Tesla electric vehicles. Technology still requires the presence of a person at the wheel, ready to intervene at any moment.


Analysts noted that the information provided did not highlight any short-term opportunities for Tesla, but instead focused on Musk's vision of a future with fully autonomous driving.


World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.