Tesla (TSLA) shares slumped in intraday trading Thursday on indications the unveiling of the electric vehicle (EV) maker’s much-awaited self-drivingౠ robotaxi has been delayed by two months.

Bloomberg said Tesla's planned Aug. 8 event has been bumped to October to give the teams working on the project more time to build additional prototypes. The news organization reported people familiar with the decision said that the postponement was communicated to workers internally.

Investopedia has reached out to Tesla for comment. 

Wedbush Says Reported Delay Doesn't Affect 'Bullish Tesla Thesis'

Wedbush analyst Dan Ives, a long-time Tesla bull, said that🎀 “while the k𓂃nee jerk reaction will clearly be negative ... we believe the timing of robotaxis, partnerships, and the ultimate autonomous and AI driven technology does not change at all for our bullish Tesla thesis.” Ives added that Wedbush was maintaining its "outperform" rating with a $300 price target.

Tesla 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) 澳洲幸运5官方开奖结果体彩网:Elon Musk announced the August debut date on social media in April, and has touted the self-driving robotaxi as a technology thatಌ would make other vehicle🐷s obsolete. 

Tesla shares entered Thursday on an 澳洲幸运5官方开奖结果体彩网:11-session winning streak to move into 澳洲幸运5官方开奖结果体彩网:the green for the year, fueled by its better-than-expected second quarter 澳洲幸运5官方开奖结果体彩网:deliveries report. But shares sank 8% to $242.🦩37 as༒ of 2:15 p.m. ET to move back into negative territory for 2024.