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Tesla's stock price drops nearly 9%, analysts say press conference 'lackluster'

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Beijing, October 12 (Xinhua) -- Tesla's stock price in the United States fell nearly 9% on the 11th. Previously, analysts from the UK and the US stated that Tesla's self driving taxi launch event had disappointed investors.
The above-mentioned press conference will be held on the evening of the 10th. Tesla CEO Elon Musk said at a press conference that the company hopes to produce autonomous taxis by 2027; This car will be sold for less than $30000 each. He did not specify where this car will be produced.
Musk also expects that Tesla Model 3 and Model Y will be equipped with "unmanned full auto drive system" on the road in Texas and California next year.
Tesla's stock price fell 8.78% on the 11th, closing at $217.8 per share. On the 11th, Consumer News and Business Channel reported that Tesla's stock price has fallen 12% so far this year and 17% in the past 12 months.
Analysts from Barclays Bank in the UK wrote in a research report that Tesla's latest product and news did not highlight its short-term development opportunities, but rather strengthened Musk's vision in the field of fully autonomous driving. However, in fact, the public has not been aware of any recent progress of Tesla's "full auto drive system", nor has it obtained relevant data on the improvement of the system.
Although Musk has high hopes for the "full auto drive system", analysts of Morgan Stanley Bank wrote in the research paper that Musk failed to prove that Tesla is an AI enterprise at this press conference.
Ross Gerber, CEO of American wealth and investment management company Gerber Kawasaki, said that Musk's idea is "beautiful, but someone must make it happen"; In the next two years, Tesla will still have to sell electric cars. Why don't we focus on this?
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