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Musk promised an electric car with autopilot for $ 25,000
Investors expected more, Musk’s plans disappointed them, the media write. Company shares are getting cheaper.
After Elon Musk announced plans to cut electric vehicle costs and launch an electric car on autopilot for $ 25,000, Tesla shares plunged 12%, collapsing the company’s market capitalization by $ 50 billion. writes Reuters.
It should be noted that investors were expecting a new battery for electric vehicles to be unveiled at the Battery Day event, which will provide a range of one million miles. But that did not happen.
According to Roth Capital Partners analyst Craig Irwin, Musk’s proposals at the highly publicized Battery Day event “were not tangible.”
At this event, Tesla presented the new Model S Plaid electric car with a range of 840 km.
Keep in mind that on September 1, a Tesla share cost more than $ 498. And Musk entered the top three richest people in the world. But then he began to lose ground. Today’s stock slump will hit the mask too.
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