"Deutsche Bank's Warning on Robotaxi Focus Sends Tesla Shares Tumbling"

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Source: Yahoo Finance
"Deutsche Bank's Warning on Robotaxi Focus Sends Tesla Shares Tumbling"
Photo: Yahoo Finance
TL;DR Summary

Tesla shares hit a 15-month low as Deutsche Bank downgraded the stock and expressed concerns over the company's focus on autonomous vehicle products amid profit pressure. The cancellation of the promised inexpensive car and layoffs, coupled with challenges in achieving full driverless autonomy, have contributed to the stock's decline. Despite this, Tesla remains the most valuable automaker globally.

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