Tesla shares drop 8%, banks on robotaxis to offset weak sales

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Tesla's shares plummeted by 8% amid concerns over declining EV sales and delayed autonomous driving advancements. CEO Elon Musk's robotaxi rollout faces regulatory hurdles, particularly in California, despite promises of widespread U.S. availability. Investors express skepticism, citing sales declines and unmet promises, questioning Tesla's growth trajectory and lofty valuation.