Tesla's Robotaxi Push Meets Market Skepticism

Tesla stock experienced a decline this past Friday, despite positive news about its robotaxi program. The companys shares dropped by about one percent, following a more than two percent drop on Thursday. This downturn occurred amidst broader market fears about an artificial intelligence bubble, as large tech firms, including Tesla, are investing heavily in AI projects without clear paths to profitability.Tesla has made progress in its robotaxi ambitions, completing the self-certification process in Nevada and receiving approval from the Arizona Department of Transportation. However, the stock ended the week down by about three point three percent, reflecting the tension between future technology excitement and current market anxieties.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.