Tesla fell over 6% intraday, Cybercab Launch Below Expectations

BlockBeats News, September 4th, according to BIT (bit.com) market data, Tesla saw its largest intraday decline of 6.3%. The highly anticipated Cybercab event on Thursday evening did not live up to Wall Street's expectations.

Prior to the Thursday event, Tesla's stock price had risen by 5.4%. Analysts stated that a strong event could have reversed the stock's upward momentum. The electric car company has staked its future on a transformation into the physical AI field, including autonomous driving and robotics technology.