Tesla's Robotaxi Day event did not meet expectations, causing its market value to evaporate by nearly $70 billion in one day. Although CEO Musk once said that this press conference would be "historical", the brief introduction of just over 20 minutes was insufficient and failed to answer three key questions of concern to the market: when Robotaxi will be launched, the latest progress of FSD technology, and the launch time of low-cost models.

Since Tesla announced the Robotaxi Day on April 5 this year, the market's expectations for this event have continued to heat up, and Tesla's stock price has also risen accordingly. However, Musk's speech at the press conference lacked specific details, and investors failed to get the answers they expected. This caused Tesla's stock price to plummet 8.78% on the US stock trading day, and its market value shrank by nearly $70 billion.

The questions that Musk failed to answer are concentrated in the following three aspects:

1. The actual landing time of Cybercab: Although Musk announced that Cybercab will start production in 2026 and plans to promote it on a large scale in 2027, there is a lack of specific instructions on technical details and regulatory issues at the press conference.

2. The latest progress of FSD (full self-driving) technology: Musk did not provide any verification data or relevant progress of FSD technology updates at the press conference, which made the market doubt the realization of its fully self-driving capabilities.

3. When will the low-cost model be released: The market has high expectations for Tesla to launch the Model 2 below $30,000, but the model failed to debut, which further raised concerns about Tesla's future sales prospects.

Although most analysts were disappointed with the press conference, some institutions were optimistic about Tesla's future development and believed that Cybercab and the humanoid robot Optimus may become key drivers of Tesla's future financial growth.