Analysts criticise lack of detail about the ‘robotaxi’ showcased by CEO Elon Musk
Tesla shares fell nearly 9% on Friday, wiping about $60bn (£45bn) from the company’s value, after the long-awaited unveiling of its so-called robotaxi failed to excite investors.
Shares in the electric carmaker tumbled to $217 at market close following an event in Hollywood, where the chief executive, Elon Musk, revealed a much-hyped driverless vehicle. The stock price is down roughly 12% year-to-date.
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However, analysts said the event was short on detail and also expressed disappointment over a lack of specifics about other Tesla projects. Musk has a history of making grand projections about upcoming products and failing to follow through in the timeframe he has set, or at all.
Dude invented the city bus.
What problem does autonomous taxies solve that are worth this investment of possibly decades?
none. But they would have to be electric so that they don’t lose fuel economy as 3x the number of cars on the road will 100% create traffic jams.
Really. Give me reliable public transportation instead.
The dream of being the first to do it and corner the market for more of that sweet growth.
Oh please let us see Elon lose all his fucking money because he’s a gigantic ass hat.
We can dream, now that he’s tied his name to Trump it’s not as unlikely as previously.
one of my old computer science professors said self driving cars “have been 5 years away for the past 20 years”. still rings true to this day
Self driving cars and net positive fusion, same same
Oh nobody’s predicting net positive fusion anytime soon. There’s huge materials hurdles in both magnetic confinement and inertial confinement while also regenerating tritium. Neutron radiation just does not play nice.
Here’s a list of every time he has promised (lied about) full self driving for literally more than a decade.
I imagine the robotaxi it gonna just be some really short person under the hood running super fast like the Flintstones with a steering wheel
How is anyone believing this guy’s shit after all this time?
Awe shucks. Tesla should boot out Dork MAGAT and bring back Eberhard and Tarpenning. When Leon leaves, then I will consider a Tesla.
Leon?
It won’t be $30k, it won’t be full self driving, it won’t be ready for production by by 2027, it won’t replace all cars on the road by 2075.
It’s shocking that people aren’t calling him out on the fact that he also promised every Tesla on the road today would be capable of becoming a robotaxi, which was just an outrageous lie at the time and evidently they are no longer working towards making that plan a reality anymore if they’re designing dedicated autonomous vehicles. Letting him pitch a new robotaxi idea feels like letting him get away not having to face any consequences for his blatant bullshit.
No Tesla will, correct.
These cars will be available, just not where governments stand on the scale for industries that refuse to modernize or make vehicles that a lot of people actually want instead of another oversized SUV or truck with a grill taller than a tank.
Musk said the company would start building the fully autonomous “Cybercab” by 2026 at a price of less than $30,000, and showed off a van he claimed was capable of transporting 20 people around town autonomously – which he said would reshape cities by turning car parks into parks.
$30,000 for a fully autonomous bus?
He’s learned that if you put an ® next to your name there are literally zero consequences for blatantly lying.
Why is he even bothering when we already have Waymo? It already has full-self driving, and it works wonderfully. I use it to get rides to work when I’m too tired to drive. Just hop in, take a nap, and wake up at your destination. I trust it way more than any Uber/Lyft driver.
The price is for yearly subscription
At least the robovan looks like a vehicle from a dystopian cyberpunk movie, and the bad guy cops (that are of course working for a private police firm) are being ready to burst out from it to try to arrest the good guys.
This company will soon have zero value under our fearless leader Elon Musk.
No one can ruin the Tesla name like someone taking credit for their underlings inventions.
I’m just getting into stocks. Would this be a good time to invest now that it’s low?
Tesla is a so called “meme stock” detached from how a company is actually performing. I’d say avoid it if you’re looking for “steady” buy and hold investing instead of (high tax) daytrader style gambling.
Do you actually believe anything he said is true? Follow-up question, are you literate and do you have access to the internet?
Musk: “I have concepts of a car.”
You’ll also notice it’s gold colored. Direct homage to trumps tastes.
It might not be a particularly new insight, but I find it worth repeating anyway: Musk truly is the new Ford. Runs his own company in the ground and has a hard-on for fascists.
With a bit of Edison thrown in for good measure. He’s constantly claiming to have invented things or founded companies that he had nothing to do with.
Even at face value, that’s still a massive red flag coming Musk. He gave us a concept of the cybertruck that actually looked pretty badass; then delivered a vehicle straight out the Playstation 1. Any concept he pitches can be assumed to be complete bullshit.
Lol this thing with a heavy battery would flip over at the mere sight of a bump, and everyone would die inside
The center of mass is lower due to the battery, so I’d say the opposite is true.
I was going to make a smart ass comment about how bad the Cyber truck is at off-road stuff but it turns out it’s actually hard to tip over even with the chassis above the centreline of the wheels
That thing looks AI generated. Better than what we got but still ridiculous. I mean, it’s huge but still somehow doesn’t really seem to have much space for passengers or cargo at the same time
Also, why is the cabin aerodynamic while the hood is not? The whole thing is nonsensical
it’s huge but still somehow doesn’t really seem to have much space for passengers or cargo at the same time
So like all modern pickup trucks?
No, a lot worse
the thing we got is unique, that thing looks generic and car shaped as opposed to boxy and finger crushing
Analysts: “Is this ‘car’ in the room with us right now?”
A two seater with lambo doors that look like they’ll immediately get sheared off by a passing truck that can’t see them. A laughable delivery timeline. And the “concept” bus looks like a Dustbuster that’ll get stuck in a pothole or on top of a speed bump with its current ground clearance. It’s almost like he’s deliberately trying to tank the stock making all this impractical shit.
But, the cybervan can carry 20 people, revolutionary!!!
Its a freaking “shitty” bus without a poor person as a driver.
His innovation is that he hates people. Doesn’t seem that new for rich people actually.
Edit: comparing it to a regular bus is too generous.
A whole sports team.
Go sports!
Being surrounded by yes men and snorting buckets of cocaine will do that to you.
This was genuinely funny…the first 300 times or so.
You’re having a good time today lol
I always enjoy being able to Riker a post.
His lips are chapped these days.
You’re doing God’s work.
Please, it’s not me. It’s Will. He’s the trombonist.
I think, at this point, Riker is tasting a sour trombone, but he’s too lazy to clear the mould out of the mouthpiece.
Investors we spoke to at the event thought the event was light of real numbers and timeline
Not like Elon is famous for keeping the timeline. Man on Mars and Tesla semi any day now.
I posted this elsewhere, but I always enjoy the timeline:
Well, he did say he’d put a man on Mars in 10 years… back in 2011.
…And then in 10 years in 2014 (meaning 2024).
…And then in 6 years in 2016 (meaning 2022)
…And then in 6 years again in late 2020 (meaning 2026)
Then we finally end up on his current 2022 estimate of 2029.
Don’t worry, Trump and Elon said that if Trump wins 2024, we’ll have a man on Mars before Trump’s term is over.
So from someone who works in human spaceflight, this is ridiculously outrageous.
I’m not insinuating that anyone thought it was realistic, but just confirming your suspicions.
Don’t worry, since Trump will install himself as dictator for life, this means he has more than 4 years to get someone to Mars.
Then again, given Trump’s age and diet, maybe 4 years is generous in and of itself…
Can you think of any realistic benefit to a manned mission to Mars?
Bringing back samples would be an amazing feat, and that seems a worthwhile mission. Having a human onboard seems to complicate things far more than any data that would give us would be worth.
Lots of side benefits when solving the problems faced getting there.
There are lots of useful minerals on Mars.
Backup planet if earth gets asteroided
An asteroided earth is still more habitable than Mars.
Probably. And a lunar base is likely much more achievable for the same objective.
I’m not the person you asked and I don’t know anything about such things so this is just supposition but…
I guess it’s an important milestone on the way to colonising Mars. It would be an acknowledgement that we’ve solved (or mitigated…) all the problems in getting a human to and fro.
Now, if you’re asking whether there’s any realistic benefit to colonising Mars, the answer IMHO is “not in the next 50 years”.
Yeah, that’s about what I’m thinking. A manned mission to Mars could be an interesting project for our kids or grandkids. Anyone talking about it in our lifetimes is just a grifter.
Will this man be alive by the time he reaches mars, or returns to earth? Will the mars spacecraft have the same build quality and reliability as a Tesla Cybertruck, or will it blue screen after leaving the Earth’s orbit?
Dude, I’m positive he won’t make it 2 years and then those christofascists can start with their project with JD couchfucking Vance as the president.
