Tesla stock plummeted about 8.8% by the close of trading Friday, a day after Elon Musk and his dancing robot failed to garner attention with the electric car company’s robotaxi announcement.
Tesla stock opened 6% lower on Friday than the previous day’s closing price and continued to fall throughout the day.
Musk announced on Thursday that in two years anyone will be able to buy a Tesla robotaxi for $30,000, and current Tesla cars will be able to drive themselves without a person inside.
Tesla shares plunged about 6% in premarket Friday after Elon Musk and his dancing robot failed to make an impression at the electric car company’s robotaxi announcement.
Tesla stock (NASDAQ: TSLA) closed Thursday at $238.77. Shares opened Friday at $220.13 and fell to $214.38 in early morning trading.
Friday’s closing price was $217.80.
According to a CNBC report on Friday, Musk said the company wants to produce the CyberCab by 2027, but did not provide details on where it would be produced.
One of Tesla’s largest factories is located in Fremont, California, and produces hundreds of thousands of vehicles each year.
According to a report from CNBC, Musk also said he expects Tesla to operate “unsupervised FSD (fully autonomous driving)” on its Model 3 and Model Y electric cars in Texas and California next year. said, CNBC reported.
