#BTCtrade #TradeStories #StripeStablecoinAccounts #BTCBreaks99K Tesla's stock has been experiencing fluctuations recently. Here's what's happening¹ ²:

- *Recent Price Drop*: Tesla's stock plummeted 10% after Elon Musk's robotaxi reveal, which lacked specifics, causing investors to question the company's ambitious goals. The stock later settled at a 7.6% drop, wiping out $58 billion in market value.

- *Current Price*: As of May 8, 2025, Tesla's stock price is $276.22, with a market cap of $888.47 billion.

- *Robotaxi Event*: Musk unveiled the Cybercab, a sleek two-door sedan with no steering wheel or pedals, potentially priced under $30,000 and set for production in 2026. However, the event lacked technical details and timelines.

- *Investor Reaction*: Analysts were underwhelmed, with some questioning Tesla's ability to achieve its goals. Uber and Lyft stocks surged 11% following the event.

*Key Factors Influencing Tesla's Stock*

- *Product Launches*: Tesla's upcoming product launches, such as the Cybercab and Robovan, will impact investor sentiment.

- *Regulatory Environment*: Potential regulatory changes, especially regarding autonomous vehicles, could affect Tesla's growth.

- *Market Competition*: Competition from other electric vehicle manufacturers and ride-hailing services will continue to influence Tesla's stock performance.