Tesla drops 6.5% amid rumours about delaying Robotaxi unveiling 📉

Tesla (TSLA.US) shares drop today amid US stock market profit-taking after CPI report and broader selling pressure among US technology stocks. It's also the weakest 'Mag7' component today, with shares dropping as much as 6.5% after Bloomberg reported that Tesla will delay It's highly awaited Robotaxi unveiling, citing anonymous sources familiar with the matter. According to those 'rumours' Elon Musk plans to build additional prototypes, allowing teams to work on it for more time. Anonymous sources said that Tesla will schedule the event to October. The optimism around 11 August, scheduled event fuelled Tesla 11 day rally, so the information about possible delaying this event generated profit-taking. Tesla didn't comment this news yet.

Tesla (TSLA.US)

Source: xStation5