Investors were disappointed by the absence of updates on Tesla's affordable Model 2 at Elon Musk's "We, Robot" event.

Strong Q3 earnings reports fueled good numbers on major indices but Tesla's 'We, Robot' event left investors with more questions than answers.

Friday's trading session saw another robust rally on Wall Street, with the S&P 500 and Dow Jones Industrial Average both reaching new record highs, fueled by better-than-expected third-quarter earnings from major U.

Tesla (TSLA) stock is sliding following its robotaxi event, which failed to impress investors with its Cybercab offering. This has sent other rideshare stocks like Uber (UBER) and Lyft (LYFT) higher on Friday.

The EV maker showed off a sleekly designed robotaxi, but investors may be more concerned with short-term goals. Uber appears to have little reason to worry. Investors may be wondering if there’s anyone in the driver’s seat at Tesla after CEO Elon Musk led a much-anticipated autonomous driving event that was big on hype but short on specifics.

The robotaxi — which has no steering wheel or pedals — could cost less than $30,000 and “probably” will go into production in 2026, CEO Elon Musk said.