Tesla's Cyber Cab Event: Investor Reactions and Future Uncertainty

Investors feel disappointed by the lack of specifics on Tesla's future plans, impacting stock prices negatively.

### Tesla's Cyber Cab Unveiling: Investor Reactions and Future Outlook
* 📉 Tesla's stock has seen a **decline of 9%** over the last two trading days, reflecting investor concerns following the recent event.
* 🚖 The unveiling of the Cyber Cab generated excitement, with Elon Musk claiming it will **cost under $30,000** and operate at a rate of **$0.20 to $0.30 per mile**, but lacked substantial details.
* 🤔 There was significant ambiguity surrounding the proprietary ride-hailing app and what it would entail, leaving **many questions unanswered**.
* 📊 Investors reacted positively to Uber and Lyft's stock prices, which **rose after the event**, suggesting a competitive landscape that remains **uncertain for Tesla**.
* 🎉 The atmosphere at the event felt **celebratory**, akin to a concert, with retail investors expressing their **enthusiasm for Musk and the brand**.
* 🚗 Despite the excitement, institutional investors expressed disappointment due to the **lack of specifics on the Model 2 and other key developments**.
* 📅 Looking ahead, while some remain committed to **holding Tesla shares for the next 3 to 5 years**, there is caution about **short-term ownership** given the current market sentiment.
* 🔮 Overall, the event showcased innovative concepts but left investors seeking **clearer insights into Tesla's future plans and timelines**.

We are down 9% over the last two trading days, and that Detangler is a holder of this stock, was there at the event of a tangle of investments, and you to have a little bit of element of more questions than answers right now, and it's based on experience. I just want to say you got inside the cab. Yes. Go from there. Yeah, well, it's awesome. I mean, you know, Elon said the future should look like the future, and it does look like the future. We just don't know when the future is. I mean, there were no details except the cyber cab will cost, you know, less than 30 grand, that you'll, it'll cost 20 to $0.30 a mile. But if you add in regulations 40, and that just felt a little bit like this to me because there was no substantive backup to that. And so if you were there to be wowed, it was filled with, wow, I mean,

optimists stole the show for me. There were, you know, the robot van is super interesting. But when and we heard nothing about the ride-sharing app, we heard nothing. Can I just jump in on that point? Because so we've done a lot of reporting on this business model. And the piece of news that immediately jumps out is that Cyber Cab is going to be available to buy, and that adds another facet or dimension to the master plan. Do you understand the proprietary ride-hailing app that Tesla will one day offer us? No, because we don't we don't know what it's going to look like. I mean, he said a lot of things. There was a comment about Uber drivers are going to be the shepherds of the flock, but what does that mean? We're going to do away with parking lots because these cars are just going to keep going so you can get, you know, lend your car back.

And the parking lots are to be replaced by parks. It sounds sound like he was running for office, you know, which might be a criticism of what's been happening at the moment. Because, look, you are an investor. We see the pop in the shares of Uber, of Lyft today because we thought there would be more of these bring up let's bring up Uber and Lyft. Is that an investor? It is now. It depends on when you got in, but we just added Uber to our 12 Best Ideas portfolio about two months ago. It was just lucky, timely timing because it was right before they announced their partnerships that that was the winner last night. Uber was the winner of the event and I think enjoyed it very much. But in the near term, you mean sorry. Yes. Would you buy that? Well, I mean, because now they were worried at the IPO that Tesla would replace them.

And this is proof positive that it's positive for the. Yeah, that is. Maybe a decade. And so a lot can happen between now and then. And I think that was the disappointment that we didn't hear anything about the Model two. There was no specificity on things that investors care about. Now, the retail crowd that was there were shouting out, We love you, Ellen. And, you know, it felt like a party. What was it like being there for the first time at one of these events surrounded by the retail? Pretty cool. Actually, that was the most fun for me talking to retail investors. Why they own the stock. What? Why they own the cars. But these are devotees there. It felt like a concert, like a mosh pit of groupies right in front of the stage. Yeah. Margaery, who's running the show out of the control room in New York, bring up some video of the cyber cab.

I want to make a point here and ask questions, Nancy, just by looking at it. If you're going to do that and offer to sell it for 30,000 USD, why not just stick a steering wheel on it and some pedals and sell it for $25,000 like a normal car? I know. And he even said, you know, there's no steering wheels and pedals and we hope that goes well. I mean, it gets crossed. It's yeah, this is this is this is the robot van as well. So the robo van, again, you know, one of his skills is keeping investors looking to the horizon. Right. Is that something you then redo your whole Tesla model one when you see something like that? Yeah. No, because. Because when I mean, we haven't seen the model two, we're supposed to see it first half of next year. This would have been a good time to kind of give investors a sense of what's

going on, I think, across the board. Institutional investors were disappointed, and we're seeing it in the stock price. But even in the reporting afterwards, and I expected the stock to trade down, even though, you know, optimism is super cool. I mean, you stay in the name as committed in the name as you are. Yes. Because we got in at 100, 108 when he was selling off in January of 2023. We've sold back some as it rose to 70 and so forth. But I think you want to own it for the next 3 to 5 years. You may just not want to own it for the next 1 to 2 years.

Tesla's Cybercab Reveal Gets Cool Reception

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Uncertainty Surrounding Tesla's Future Plans

Tesla's stock has dropped 9% in the last two days, leaving investors with more questions than answers.

The company's Cyber Cab, priced under $30,000, aims to disrupt the ride-sharing model, but details and timelines remain unclear.

The event showcased impressive concepts, but the lack of information on the ride-hailing app and its business model left many uncertainties.

Uber and Lyft's shares saw a pop in response to their partnerships, with Uber being added to a Best Ideas portfolio just before the announcement.

The event had a party-like atmosphere, with retail investors passionately expressing their support for the companies.

The lack of specificity on Tesla's Model 2 and other investor concerns led to some disappointment, but the overall energy was positive.

Questioning the Robot Van's Pricing Strategy

The robot van is being offered for $30,000 without a steering wheel or pedals, raising questions about its pricing compared to a normal car.

The creator's focus is on keeping investors looking to the future.

The upcoming release of the Tesla Model 2 raises the question of whether the robot van's concept will influence any changes in Tesla's model.

Institutional Investors' Disappointment and Stock Performance

Institutional investors are disappointed, leading to a decline in the stock price.

Despite the optimism and commitment to the company, the stock is expected to be a longer-term investment.

The speaker suggests owning the stock for the next 3 to 5 years, rather than the next 1 to 2 years.