How Elon Musk lost billions of dollars

Tesla CEO and owner Elon Musk unveiled the prototype of Tesla's RoboTaxi and RoboVan at an event held at the Warner Bros. Studio in California, USA last Thursday.

Tesla CEO and owner Elon Musk unveiled the prototype of Tesla's RoboTaxi and RoboVan at an event held at the Warner Bros. Studio in California, USA last Thursday.

Elon Musk

In this event called 'We Robot', Robovan made by Tesla was unveiled in addition to Robotaxi, but he did not tell the specific date of their arrival in the market. And Tesla investors are very disappointed. As a result, Tesla's share price fell by 9 percent immediately after the event, reducing Elon Musk's wealth by 15 billion or one and a half trillion US dollars. However, Elon Musk still retains his position as the richest person in the world despite losing one and a half billion US dollars.


Tesla had plans to bring the robotaxi to the market by 2023 but could not bring it due to various reasons. Then last April, Elon Musk announced that Tesla's robotaxi will be on the market on August 8. But Tesla could not unveil its own robotaxi on a certain day. And so the market analysts believe that robottaxi and robovan may not come to the market at a certain time as Elon Musk said. And that's why Tesla's investors are basically disappointed.

Incidentally, although Robotaxi and Robovan were displayed at the 'We Robot' event, Elon Musk did not reveal the detailed technical information of the vehicles. At the event, he said, the production of the robotaxis will start in early 2026 and will be available in the market in 2027. However, he did not give any information about when the robovan capable of transporting 20 passengers will come to the market.


Monirul Islam

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