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.
Bro. Just one more year bro. I swear bro. Just one more year and we’ll have full self driving bro.
Don’t lose faith bro. Or I’ll sue you and call you a pedo guy.
They could easily do it in a year by purchasing Waymo.
Isn’t Waymo driverless like my RC car is driverless?
Your RC car has level 4 autonomy?
Imagine drinking this much Kool-Aid.
Are you referring to the use of SAE classifications or the assertion that Waymos are level 4?
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?
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.
I’m just getting into stocks. Would this be a good time to invest now that it’s low?
Investing is where you buy into market trackers and have no more than a couple of percent in any given company.
What you’re talking about is gambling.
Gotcha. World now be a good time to gamble?
The stock price/earnings ratio is still quite high. So based on fundamentals it’s still not a good buy. Instead, you’re gambling that in the future you’ll hear more unexpected good news from Tesla than unexpected bad news.
Personally, I wouldn’t take that bet.
depends on how much faith you have in elons ability to bullshit the masses. I wouldn’t do it, but some have gotten money off that gambit.
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.
Musk: “I have concepts of a car.”
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
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
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.
Deport Elon to Mars
Especially the person in the background starting Elon’s first public robotaxi-trip with a remote control didn’t really help.
The key risk for this whole bet Tesla is making is the software. I couldn’t give two shits about their hardware plans, that will come and it’s not the key challenge. Saying “we will have it next year” is just not good enough when you’ve said it before and ruined your credibility already. This event should not have happened until the software is ready to go, it’s worth nothing without that.
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.
Once those ring gates open, Mars will be finished.
🤞
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.
I think, at this point, Riker is tasting a sour trombone, but he’s too lazy to clear the mould out of the mouthpiece.
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.
Is he going to sue the investors?
“I hope they stop. Don’t invest. If somebody is going to try to blackmail me with investing, blackmail me with money? go fuck yourself. Go fuck yourself. Is that clear? I hope it is.”
Sue the stock market for conspiring against the valuation of his companies.
Sure Mars for just being so fucking far away
Sue the BIPM for maintaining the system of time that keeps making him miss his own stated deadlines.
Musk is facing a LOT more practical scrutiny now that the cybertruck is an ongoing fiasco. People are rightfully wary of getting excited about a taxi that only seats two people. Anyone who’s been paying attention will also be suspicious of his claims that the taxi will actually cost under 30k, or that it will truly go into production “before 2027”.
I will admit that the van looks cool as hell. Of course, I still think Musk is a piece of human garbage, but I will give him that.
Oh, the cybercrab.
Looks good for a video game. For real life? Nah
I still can’t get over the fact that he called the cybercab “individualized mass transit” lol. Wtf does that even mean. Mass transit… For an individual? So like… A car? Or a bicycle? I guess I’m just not smart enough to understand the world’s smartest human being ever.
It’s windowless. As someone who gets motion sickness if I can’t see out, I would cover the inside of that thing with barf. And the seats are conveniently facing sideways, which is another strong trigger for me, the barf would be aimed directly at the stranger facing me.
It’s a bus. Elon Musk invented a bus. Now he only needs to invent a time machine, travel back to the 1800s and woo everyone with his new idea.
I love the aesthetic. I fully support Art Deco public transportation.
A bus designed by someone who absolutely hates public transportation is pretty funny though. “I wish these seats faced each other so I could sit knee to knee with a stranger.” -Nobody Ever
And there’s so little passenger space, they have a “luggage” compartment in the front. So I suppose I’m just supposed to put my bag there, out of my sight, then hope nobody takes it before I get off?
Front is were the driver is
What driver?
The driver that is driving the vehicle because musk will not be able to deliver the FSD.
Well… It’s not being engineered with a driver in mind. I don’t think they can just slap a seat in there later; having vs not having a driver is a major design consideration. This vehicle has no driver, period. If the fsd doesn’t work, he has no vehicle.
So the question isn’t “Will they put a driver in this car?”
The question is “Will they get this cat on the road?”
I can guarantee there is no design yet at all, the whole shit is just vaporware, like all musk’s demos. That demo 100% has driver in the van in the front.
Edit: note that this part of the thread is about the bus. The robotaxi is definitely just CGI shit, no real engineer has even looked at the design yet.
The Tesla Robovan (Musk pronounces it ruh-BO-vehn)
🤮
Did he say this particular “car” is 30k?
now that the cybertruck is an ongoing fiasco
Is it, though? I personally hate the fucking things, but it’s not like Tesla is having any trouble selling them.
I don’t know what the sales figures are. I was referring to the multiple recalls.
I just continue to be amazed that, instead of the old, tried-and-true method of giving people what they want—a solid, reliable car at a good price, and a stellar charging network in the places people want to be—a man of his means keeps trying weird gimmicks.
It’s not so surprising when you consider the fact that he’s nothing but a charlatan.
Just a colossal idiot with enough money and little enough self awareness that everyone is indulging his every whim and he never stops to consider that maybe he isn’t a visionary and a genius.
