After the Robotaxi event, Tesla's stock price fell. Analysts pointed out the reason: lack of data and details

According to Zhitong Finance, Tesla (TSLA.US) CEO Elon Musk made a series of commitments at the highly anticipated Robotaxi event, but given Musk's history of breaking promises, investors are still cautious. Musk promised at the event that Tesla's popular Model 3 and Model Y vehicles will be able to achieve autonomous driving in California and Texas next year. Tesla (TSLA.US) stock fell 6% in pre-market trading. Wall Street banks also commented on this. The electric car manufacturer showcased a Cybercab without a steering wheel and pedals, a 20-person autonomous robot truck prototype, and the next generation humanoid robot Optimus. Morgan Stanley analyst Adam Jonas said that overall, the event was disappointing due to the lack of data on FSD/technology, ride-sharing economics, and the Cybercab's market strategy. Jonas said that the company had many expectations about what the market might learn during the event and believed that this would have a significant impact on the stock's direction and debate. "Apart from mentioning inductive charging, there was no detailed discussion of Cybercab's features, including technology (inference hardware, sensor suite, LiDAR, L4/L5), range, safety, practicality, and flexibility/configuration, etc. Many comments say it looks like a 'Model 2' prototype repackaged as an autonomous vehicle." Barclays stated that the information disclosed in this event did not highlight any recent opportunities for Tesla. Dan Levy wrote: "As expected, similar to previous Tesla product launches, this event did not reveal details but emphasized Tesla's development vision in the AI/AV (autonomous driving vehicle) field." He also emphasized that Tesla did not showcase plans for a low-cost model to be produced in the first half of 2025. Roth MKM analyst Craig Irwin also expressed disappointment with the limited evidence provided by Tesla - "FSD in a pure optical system is credible." Wedbush Securities analyst Dan Ives took a more positive stance on the event, stating that overall, Tesla and Musk provided some important details on Cybercab, as well as the timing for Tesla's models in Texas and California to be equipped with unsupervised FSD next year, which is seen as a significant data point. Ives said: "We believe that the next-generation platforms of Model 2 and Cybercab will be the focus of investors next year, and we expect Model 2 to start production in the first half of 2025." He said that a close look at Cybercab was impressive, and the price of this vehicle will create a fleet segmentation market for Tesla, with the market's annual scale potentially reaching $10 billion in the coming years