Tesla’s value drops $60bn after self-driving ‘Cybercab’ fails to excite investors

Analysts criticise lack of detail about the ‘robotaxi’ showcased by CEO Elon Musk

• Elon Musk unveils Tesla Cybercab self-driving robotaxi

Tesla shares have fallen by 8%, wiping about $60bn from the company’s value, after the long-awaited unveiling of its so-called robotaxi failed to excite investors.

Shares in the electric carmaker fell to $219.40 in early trading on Friday after an event in Hollywood, where CEO Elon Musk revealed a much-hyped driverless vehicle.