KIDZ AI shares plunge more than 7% after Tesla robotaxi proposal

  • KIDZ AI submitted Tesla an inquiry for an initial fleet of 500 Robotaxis.
  • Shares fell more than 7% Wednesday, reaching a new record low.
  • KIDZ AI said the inquiry is nonbinding and does not guarantee vehicle delivery.

KIDZ AI shares fell more than 7% on Wednesday to a record low after the education technology company submitted a procurement inquiry to Tesla for an initial 500 Robotaxis. KIDZ AI is evaluating a strategy to acquire autonomous vehicles, deploy them commercially and manage fleet operations across markets, but the inquiry is not a binding order and does not guarantee vehicle availability, allocation or delivery. The company may abandon the initiative at its sole discretion. The proposal would expand KIDZ AI beyond its core AI-driven education technology business and its activities in AI infrastructure, GPU cloud platforms and data-center ecosystems. The company has an approximately $2 million market value, a GF Score of 20 out of 100, continuing losses and an Altman Z-Score of -3. GuruFocus data shows no premium investment gurus own the stock, while insiders sold approximately 6,151 shares and made no purchases during the past year.

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