this post was submitted on 13 Oct 2024
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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.

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[–] [email protected] 16 points 2 days ago

I just don't get why they still have him as CEO.

The man spends his time mostly on Twitter, driving it into the ground to simp for Trump. He's taken obscene amounts of money from it, while failing to offer the simplest of products from its roadmap a decade ago - an affordable electric car.

If they don't pivot in the next few years, they'll run the risk of Tesla being leapfrogged to market more than it already has, with an inferior product to practically everyone that enters the EV market.

I still fully maintain that Musk will push Tesla towards making a petrol-powered car within the next few years, so IMO the board needs to get rid before that becomes a thing.

[–] [email protected] 22 points 2 days ago (1 children)

Tesla: "hay guys we invented the bus, but cyber"

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[–] [email protected] 89 points 3 days ago (8 children)

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.

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[–] [email protected] 54 points 2 days ago (2 children)

Here’s a list of every time he has promised (lied about) full self driving for literally more than a decade.

https://motherfrunker.ca/fsd/

[–] [email protected] 18 points 2 days ago (2 children)

How is anyone believing this guy's shit after all this time?

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[–] [email protected] 10 points 2 days ago

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

[–] [email protected] 13 points 2 days ago (1 children)

Nooo they didn’t like the self-driving robotaxi that isn’t self driving. What about the bus that can’t go over a pothole? No? How about robots that are controlled and voiced by humans? Damn. Tough crowd.

[–] [email protected] 3 points 2 days ago

Also there's this whole track record of Elon Musk's demonstrations were there's no clear independent validation that they actually work as we are being said they to or they're merelly announcements or concepts: those things are invariably complete total bollock at best bordering on Fraud.

I reckon that finally he has entirely exhausted both the benefit of the doubt that his demonstrations are in any way honest and representative of real products present or future, and the idea that "he might be bullshitting but he'll pull in enough suckers that early investors will win from going all in even if it's 100% bollocks".

The Midas Touch of Elon's bullshit has finally ran its course and turned into a Shit Touch.

[–] [email protected] 77 points 3 days ago (1 children)

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.

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[–] [email protected] 18 points 2 days ago

Dude invented the city bus.

[–] [email protected] 151 points 3 days ago (4 children)

Musk: "I have concepts of a car."

[–] [email protected] 61 points 3 days ago (4 children)

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.

[–] [email protected] 56 points 3 days ago* (last edited 3 days ago) (3 children)

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

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[–] [email protected] 22 points 3 days ago (1 children)

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.

[–] [email protected] 16 points 3 days ago* (last edited 3 days ago)

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.

[–] [email protected] 29 points 3 days ago

Analysts: "Is this 'car' in the room with us right now?"

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[–] [email protected] 27 points 2 days ago (2 children)

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

[–] [email protected] 11 points 2 days ago (1 children)

Self driving cars and net positive fusion, same same

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[–] [email protected] 22 points 2 days ago (1 children)

Oh please let us see Elon lose all his fucking money because he's a gigantic ass hat.

[–] [email protected] 11 points 2 days ago

We can dream, now that he's tied his name to Trump it's not as unlikely as previously.

[–] [email protected] 6 points 2 days ago

For clarity, this means the stock is back to the price it was in September. I know car-man-bad but I get tired of these sensationalized articles that are only shared because they confirm that someone we like is bad actually

[–] [email protected] 14 points 2 days ago* (last edited 2 days ago) (4 children)

What problems do autonomous taxies solve that are worth this investment of possibly decades?

Edit: grammar

[–] [email protected] 18 points 2 days ago (1 children)

Really. Give me reliable public transportation instead.

[–] [email protected] 9 points 2 days ago

the feds would have to start issueing grants for light rail like they do with roads for that to happen. Otherwise cities will always default to a free road over a paid train system

[–] [email protected] 7 points 2 days ago (1 children)

The dream of being the first to do it and corner the market for more of that sweet growth.

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[–] [email protected] 114 points 3 days ago (8 children)
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[–] [email protected] 9 points 2 days ago* (last edited 2 days ago)

“And all transport will be fully autonomous within 50 years.”

Bro even cold fusion reactors have less estimation than that.

[–] [email protected] 4 points 2 days ago

Ah, how I love good news on a Monday..

[–] [email protected] 91 points 3 days ago (14 children)

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.

[–] [email protected] 86 points 3 days ago (4 children)

Narayan added that some investors were hoping for a teaser about a lower-priced vehicle, with pedals and steering wheel, that would launch next year. However, none was forthcoming.

Expectations were low....

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[–] [email protected] 28 points 3 days ago (4 children)

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?

[–] [email protected] 13 points 2 days ago* (last edited 2 days ago)

He’s learned that if you put an (R) next to your name there are literally zero consequences for blatantly lying.

[–] [email protected] 2 points 2 days ago

30k is for the robotaxi, 2 seater.

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[–] [email protected] 75 points 3 days ago (2 children)

Is he going to sue the investors?

[–] [email protected] 34 points 3 days ago (2 children)

Sue the stock market for conspiring against the valuation of his companies.

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[–] [email protected] 28 points 3 days ago (1 children)

This company will soon have zero value under our fearless leader Elon Musk.

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[–] [email protected] 41 points 3 days ago (4 children)

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.

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[–] [email protected] 4 points 2 days ago

More like after Elon's failed performance at the Trump rally, foreign "investors" pulled their money from Tesla

[–] [email protected] 53 points 3 days ago (14 children)

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.

[–] [email protected] 35 points 3 days ago

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.

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[–] [email protected] 13 points 2 days ago (3 children)

Awe shucks. Tesla should boot out Dork MAGAT and bring back Eberhard and Tarpenning. When Leon leaves, then I will consider a Tesla.

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[–] [email protected] 39 points 3 days ago (1 children)

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.

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[–] [email protected] 3 points 2 days ago

Elon musk extended family will own the entire Mars facility production and open hell portal?

[–] [email protected] 4 points 2 days ago

Tesla and Elon are one of the reasons why I don’t but individual stocks but I rather get indices… It’s just the lack of consistency and the fact a single person can make you lose money…

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