Key Takeaways Tesla shares plunged Friday after the EV maker’s long-awaited robotaxi event failed to live up to investors' expectations.The stock has retraced within a flag, a chart pattern that signals a continuation of the stock’s move higher in recent months.

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.

"Waymo is now hosting 100k rides per week in major cities, so we expect more from TSLA's demo," Wells Fargo analyst Colin Langan said.