Tesla stock drops 15.4% due to robotaxi concerns
Tesla's stock dropped 15.4% on Monday, marking a significant decline in a single trading day. This follows a trend of negative momentum for the company. The decline comes amid ongoing concerns about Tesla's progress on its robotaxi project. Distractions related to other ventures by CEO Elon Musk may be impacting the company's focus. Investors are closely watching Tesla's developments as the company faces challenges in meeting its goals. The situation contrasts with previous expectations for rapid advancements in its autonomous vehicle technology.