{"id":113257,"date":"2024-10-12T10:05:49","date_gmt":"2024-10-12T03:05:49","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=113257"},"modified":"2024-10-12T10:05:49","modified_gmt":"2024-10-12T03:05:49","slug":"hold-still-on-tesla-after-cybercab-debut-flops","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=113257","title":{"rendered":"Hold still on Tesla after Cybercab debut flops"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"NewsShowArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"NewsShowArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108046885\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108046885\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000354578\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/108046892-17286886726ED3-MM-B-BLOCK-SHORT-101124.jpg?v=1728688671&amp;w=750&amp;h=422&amp;vtcrop=y\" alt=\"The market was not impressed by Tesla's robotaxi event, says Jim Cramer\"\/><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>After Wall Street <a href=\"https:\/\/www.cnbc.com\/2024\/10\/11\/thats-it-morgan-stanley-rips-tesla-robotaxi-event-for-lack-of-detail.html\">balked<\/a> at <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"NewsShowArticle-QuoteInBody-2\"><a href=\"https:\/\/www.cnbc.com\/quotes\/TSLA\/\">Tesla<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>&#8216;s highly-anticipated robotaxi unveiling, CNBC&#8217;s <a href=\"https:\/\/www.cnbc.com\/jim-cramer-bio\/\">Jim Cramer<\/a> told investors not to make any moves on the stock. While he said he wouldn&#8217;t recommend buying Tesla after Thursday night&#8217;s event <a href=\"https:\/\/www.cnbc.com\/2024\/10\/11\/tesla-tsla-stock-drops-in-premarket-after-cybercab-robotaxi-reveal.html\">flopped<\/a>, Cramer discouraged shorting the stock, saying it&#8217;s &#8220;dangerous to bet against&#8221; CEO <a href=\"https:\/\/www.cnbc.com\/elon-musk\/\">Elon Musk<\/a>.<\/p>\n<p>&#8220;Even though Tesla&#8217;s robotaxi event was gorgeous, we didn&#8217;t get enough detail to justify treating this company like an autonomous driving business rather than an electric vehicle maker,&#8221; he said. &#8220;So, for now, I recommend taking a page from Switzerland and staying on the sidelines with this one.&#8221;<\/p>\n<p>Tesla needed a win on Thursday, Cramer said. The stock was hammered earlier this year as the company posted a series of weak quarters. But shares gained traction in the spring as Musk teased self-driving cars, something that could differentiate Tesla from other electric vehicle makers \u2014 all of whom potentially face steep competition from Chinese companies.<\/p>\n<p>While impressed by the look and concept of the robotaxi, Cramer said the event&#8217;s demonstration lacked substance and failed to prove its technological prowess. Musk provided few details about the actual costs of the vehicle, he added, and gave an &#8220;underwhelming&#8221;<strong> <\/strong>answer when asked about timing of the rollout.<\/p>\n<p>By Friday&#8217;s close, Tesla stock was down 8.78%, and Cramer said the market&#8217;s reaction speaks for itself. While Tesla plunged, shares of <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"NewsShowArticle-QuoteInBody-6\"><a href=\"https:\/\/www.cnbc.com\/quotes\/LYFT\/\">Lyft<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"NewsShowArticle-QuoteInBody-7\"><a href=\"https:\/\/www.cnbc.com\/quotes\/UBER\/\">Uber<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> <a href=\"https:\/\/www.cnbc.com\/2024\/10\/11\/ridesharing-giants-uber-lyft-jump-after-teslas-toothless-taxi-fails-to-excite-investors.html\">rallied<\/a>, with the latter hitting a new all-time high. The &#8220;existential threat&#8221;<strong> <\/strong>of robotaxis had weighed on the rideshare companies, but Wall Street doesn&#8217;t seem to be confident that Tesla&#8217;s Cybercab will be usable any time soon, he added.<\/p>\n<p>&#8220;Look, Tesla has a big problem: the electric vehicle market turned out to be substantially smaller than was thought,&#8221; Cramer said. &#8220;If they want to pivot to self-driving cars, they need to really flesh that out, and last night we just didn&#8217;t get much in the way of specific details.&#8221;<\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108046868\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108046868\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000354579\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/108046891-17286885936ED3-MM-B-BLOCK-101124.jpg?v=1728688591&amp;w=750&amp;h=422&amp;vtcrop=y\" alt=\"Jim Cramer talks Tesla's 'disappointing' robotaxi event\"\/><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"NewsShowArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 class=\"RelatedContent-header\">Jim Cramer&#8217;s Guide to Investing<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2024\/10\/11\/jim-cramer-hold-still-on-tesla-after-cybercabs-debut-flops.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After Wall Street balked at Tesla&#8216;s highly-anticipated robotaxi unveiling, CNBC&#8217;s Jim Cramer told investors not to make any moves on the stock. While he said he wouldn&#8217;t recommend buying Tesla &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=113257\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-113257","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113257"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113257\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}