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Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’

Analysts criticise lack of detail about the ‘robotaxi’ showcased by CEO Elon Musk

Tesla shares have fallen by 8%, wiping about $60bn from the company’s value, after the long-awaited unveiling of its so-called robotaxi failed to excite investors.

Shares in the electric carmaker fell to $219.40 in early trading on Friday after an event in Hollywood, where CEO Elon Musk revealed a much-hyped driverless vehicle.

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