The much-anticipated Tesla "We, Robot" event has come to an end, and the capital market is "voting with its feet" in response to the event.

On October 11th, Eastern Time, Tesla's stock price plummeted before the market opened, falling nearly 7% at one point during trading. By around 6 PM that day, Tesla's stock had dropped by over 5.5%, wiping out more than $40 billion in market value.

In terms of A-share performance, the autonomous driving sector briefly rose on October 11th, with shares of Star Source Magnesium, Runhe Software, Zhejiang Shibao, and Chengmai Technology leading the gains, with Zhejiang Shibao even being temporarily pushed to the daily limit up. However, the rise of these individual stocks did not drive the entire autonomous driving sector (BK0802) higher; the sector declined throughout the afternoon, and Zhejiang Shibao's stock also opened its daily limit up in the afternoon. By the close of trading on October 11th, the autonomous driving sector index had fallen by over 4.8%.

At around 11 AM Beijing Time on October 11th, the "We, Robot" event, which Tesla CEO Musk called "historic," officially began. The event unveiled two autonomous vehicles and revealed the latest progress of the Optimus humanoid robot. At this event, Tesla officially launched its Robotaxi autonomous taxi, named Cybercab, which resembles the Cybertruck in appearance, features two seats and butterfly doors, and does not have a steering wheel or pedals, and comes with inductive charging capabilities. In addition to Cybercab, Tesla also released the autonomous freight vehicle Robovan (autonomous multi-purpose vehicle), which can carry 20 people and transport goods.

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However, the information about these two vehicles did not contain many surprises and largely aligned with the news previously circulating in the market. Regarding the cost of the vehicle models, Musk revealed some new information, stating that the vehicle cost of Cybercab is expected to be below $30,000 and will go into production in 2026, with a large-scale rollout before 2027. Currently, the operating cost of Cybercab is still high, at about $1 per mile, which will be reduced to around $0.2 per mile in the future. The travel cost of Robovan can be significantly reduced, at about 10 to 15 cents per mile.

Additionally, Musk announced Tesla's progress in the Optimus robot, stating that the cost of mass-produced Optimus robots will be between $20,000 and $30,000. "Humanoid robots will be able to serve coffee in the future, and they can also take care of children."

However, overall, the above information did not exceed market expectations. Moreover, Tesla did not specifically mention the "hard questions" that the market cares about, such as when Robotaxi will be able to provide services, charging standards, global market launch plans, profit turning points, and how to handle safety accidents, during this event.

Many Wall Street analysts still believe that, given regulatory obstacles and doubts about the safety of its autonomous driving technology, Tesla will need a few more years to truly implement Robotaxi. Analysts from the US investment bank Jefferies stated that Musk did not provide "verifiable evidence" of Tesla's progress in autonomous driving technology, which "makes it difficult for us to assess the feasibility of the goals outlined by Musk at the conference, as there is currently no precedent for achieving higher levels of autonomous driving using only visual methods."