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Never overestimate the intelligence of investors.
There were already several cases of accidents while selfdriving and Tesla defense is “it isn’t a selfdriving”, and during this they announce a “robotaxi”?
Nah, the value didn’t drop becaue it has even less value. The bubble let some air out in a stinking fart, because people start to realize that’s what coming out of Musks mouth: “Warm air and nothing of substance.”