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.
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!!!
A whole sports team.
Go sports!
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.
Being surrounded by yes men and shorting buckets of cocaine will do that to you.
Tesla is no longer a serious company, Elon’s brand has gone from tarnished to trashed. TSLA might be holding on for dear life but ELON is a penny stock now
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…
If the “taxi” was their new roadster it would have been at least a +10% jump.
They should bring back the roadster before Mazda makes an electric Miata from hell.
They should! They already got the preorders from 2018.
This was genuinely funny…the first 300 times or so.
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.
You’re doing God’s work.
Please, it’s not me. It’s Will. He’s the trombonist.
His lips are chapped these days.
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…
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.
Possibly. If Trump wins what are the odds on him letting Elon’s crappy self driving cars be road legal as a thank you for all the election interference? But then what are the odds on Trump doing what he always does and abandoning everyone at the first sign of trouble. What if Trump loses?
It’s a lot of ifs. Don’t bet more than you can afford to lose is the only advice I can give.
Generally yes, buy when it is low. Have a look at some graphs of recent performance to see if this is lower than typical weekly low points
Tesla does have room to expand; the biggest risk is that Musk does something stupid that damages Tesla, he has not done so yet - he seems competent at running (or has given important parts of the job to competent people) Tesla and SpaceX
Safer investment is through exchange traded funds, especially those which track major indexes (also known as index funds). You buy these the same way you buy other stocks - you’re buying shares in the fund
Do you actually believe anything he said is true? Follow-up question, are you literate and do you have access to the internet?
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.
Elon musk extended family will own the entire Mars facility production and open hell portal?
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.
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.
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.
Once those ring gates open, Mars will be finished.
🤞
First, it’s crewed or human mission - inclusive language is important! :)
I do think human exploration is important because humans can cover longer distances faster. So your overall options for exploration increase. I do think both human and robotic are important and serve valuable purposes.
It would be more complicated with humans, but I think that’s also a valuable learning experience that could lead to technology that would benefit Earth.
I do not think “colonization” or whatever term you want to use should be a priority. I think science and exploration are what we should stick to, and if your excuse for colonization is because something bad will happen to Earth so we have to go somewhere else…just spend that time and those resources figuring out how to not fuck up Earth just to go fuck up the next place.
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.
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…
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.
Is he going to sue the investors?
Sue the stock market for conspiring against the valuation of his companies.
Sure Mars for just being so fucking far away
“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.”
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.
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.
“And all transport will be fully autonomous within 50 years.”
Bro even cold fusion reactors have less estimation than that.
More like after Elon’s failed performance at the Trump rally, foreign “investors” pulled their money from Tesla
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.
Did he say this particular “car” is 30k?
The Tesla Robovan (Musk pronounces it ruh-BO-vehn)
🤮
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.
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 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.
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.
Oh, the cybercrab.
Looks good for a video game. For real life? Nah
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.
Finally, some good news!
