Lack of clarity on CyberCab launch date and production scale drives investor evaluation and stock decline.
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Okay, now let's talk about Tesla and the "Cyber Cup" event. There was a lot of hype surrounding this event. What do our audience need to know from your point of view?
Well, I was looking for a live stream, Diane, and they didn't have one. There was no broadcast. But I saw a video of two people riding in a gold-colored "Cyber Cab" and it was amazing.
I mean, I'll be honest with you. It was interesting to see the absence of a steering wheel and foot pedals. There's just that screen in the middle, and you can adjust the seats there. As you know, it was really great.
But at the same time, we did not get enough clarity regarding the launch date. This will all revolve around expanding the production scope of " CyberCap". And how will they do that?
Why were they being secretive about the possibility of not having a live broadcast? I think this is what investors are evaluating now as the stock declines.
Remember that the stock rose 5% yesterday based on expectations of a big presentation and live broadcast, and that it would be amazing. It may still be amazing, but I think the issue is about getting started , the scale, and how quickly they can reach full production and full utilization.
A report stated that the National Highway Traffic Safety Administration is apparently evaluating CyberCab trips in Austin. But remember, they don't have rules, guidelines, or regulations for this type of vehicle, because everything they evaluate has pedals and a steering wheel.
So, yes, I'll get more clarification on this, but it's a really cool concept.
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