Tesla Stock Slips After Cybercab Chief Exits Ahead of Robo-Taxi Launch [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
This article first appeared on GuruFocus Tesla ( NASDAQ:TSLA ) shares fell about 1% in early trading Friday after a senior executive overseeing the company's Cybercab program departed ahead of its planned robo-taxi rollout. The company confirmed that Victor Nechita, who led development of Tesla's purpose-built autonomous taxi vehicle, has exited the firm as production milestones for the Cybercab platform progress. Tesla has not disclosed a successor or provided additional details regarding leadership transition within the program. Warning! GuruFocus has detected 8 Warning Signs with TSLA. Is TSLA fairly valued? Test your thesis with our free DCF calculator. The departure comes as Tesla prepares to expand its autonomous ride-hailing ambitions, with management targeting robo-taxi operations across nine cities by mid-2026. The Cybercab vehicle, designed without steering wheels or pedals, represents a central component of Tesla's strategy to shift toward artificial intelligence
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