# Elon Musk’s Big Reveal: Disappointment and Dollar Dips at Tesla’s ‘We, Robot’ Event
Investors are buzzing, but not in a good way.
Elon Musk’s latest Tesla event left many feeling less than thrilled.
Last week, on October 8, Tesla hosted a much-anticipated ‘We, Robot’ event.
The venue? Warner Bros. Studios in Burbank, California—talk about star power!
Musk unveiled new designs: the Cybercab and the Robovan, alongside the next-gen Optimus robots.
But the response? Let’s just say it wasn’t the standing ovation Musk hoped for.
While he showcased the potential of these robots, some attendees were left downright terrified.
Analysts were even less impressed, and the mood soured quickly.
Musk described the Optimus robots as versatile helpers for everyday life.
“It’ll do anything you want,” he claimed, listing off tasks like babysitting and dog walking.
But will these ambitious robots deliver, or are they just lofty dreams?
The Cybercab stole the show, but not in the way Musk envisioned.
Featuring no pedals or steering wheel, it looked more like a sci-fi concept than a ready-to-launch vehicle.
Musk vaguely mentioned production would start “some time before 2027”—not exactly a clear timeline.
This lack of specificity didn’t escape the analysts’ sharp eyes.
Morgan Stanley’s Adam Jones voiced disappointment in a client note, stating,
“Heading into what might arguably have been the most highly anticipated product unveil in Tesla’s history, we had a number of expectations.”
He added, “We were overall disappointed with the substance and detail of the presentation.”
The fallout from the event hit Tesla’s stock hard.
By Friday, shares plummeted over nine percent—from $238.77 to $217.80.
This wasn’t just a minor dip; it had major implications for Musk himself.
Holding about 13 percent of Tesla’s shares, the stock decline took a toll on his wealth.
Bloomberg Billionaires Index reported that Musk’s net worth dropped by a staggering $15 billion.
By the end of trading on October 11, his fortune stood at $240 billion.
It’s a jaw-dropping figure, but is it enough to keep him up at night?
As of October 14, Musk’s net worth remains steady at $240 billion.
Billions might be mere peanuts to him, but the pressure is mounting.
So, what led to this lackluster reception at such a hyped event?
It’s crucial to understand the context.
Tesla has long been seen as a frontrunner in innovation, setting the bar high.
Previous unveilings, like the Cybertruck, sparked excitement and debate.
However, with every grand reveal, the stakes get higher.
Expectations soared, and the appetite for groundbreaking announcements was insatiable.
Fans and investors were ready for a glimpse into the future—a future that seems increasingly elusive.
Tesla’s competition is heating up, with other automakers racing to catch up.
Analysts wanted concrete timelines and game-changing technology, not vague promises.
The robots seemed more like concepts than the revolutionary products Tesla fans envisioned.
Musk’s ambitious claims about the Optimus robots have drawn skepticism.
Can a robot really babysit or mow a lawn?
Doubts linger, especially after the mixed reactions to the presentation.
Investors are nervous, and it’s starting to show in the stock market.
The question now: Is Tesla’s sparkle starting to fade?
With competition breathing down their necks, the pressure is on.
Will Elon Musk bounce back, or are we witnessing a turning point?
Only time will tell if this tech titan can reclaim his crown!