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.

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.

  • Euphorazine@lemmy.world
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    15 hours ago

    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.

    • PrincessLeiasCat@sh.itjust.works
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      12 hours ago

      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.

      • niemcycle@lemmy.world
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        11 hours ago

        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…

      • Dragonstaff@leminal.space
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        12 hours ago

        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.

        • Knock_Knock_Lemmy_In@lemmy.world
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          3 hours ago

          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

        • Baggins
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          7 hours ago

          Once those ring gates open, Mars will be finished.

          🤞

        • fine_sandy_bottom@lemmy.federate.cc
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          11 hours ago

          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”.

          • Dragonstaff@leminal.space
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            11 hours ago

            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.

    • GenosseFlosse@feddit.org
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      14 hours ago

      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?

      • Pilferjinx@lemmy.world
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        14 hours ago

        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.