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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[–] HighlyRegardedArtist 142 points 1 day ago (4 children)

Musk: "I have concepts of a car."

[–] [email protected] 21 points 20 hours 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.

[–] AngryCommieKender 14 points 18 hours ago* (last edited 18 hours 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.

[–] Sterile_Technique 58 points 1 day ago (2 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] 51 points 1 day ago* (last edited 1 day ago) (2 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

[–] SuperIce 8 points 14 hours ago (1 children)

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?

[–] [email protected] 3 points 13 hours ago

No, a lot worse

[–] [email protected] -5 points 1 day ago

the thing we got is unique, that thing looks generic and car shaped as opposed to boxy and finger crushing

[–] normanwall 3 points 17 hours ago (1 children)

Lol this thing with a heavy battery would flip over at the mere sight of a bump, and everyone would die inside

[–] [email protected] 6 points 15 hours ago (1 children)

The center of mass is lower due to the battery, so I'd say the opposite is true.

[–] normanwall 1 points 10 hours ago

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

[–] linearchaos 3 points 15 hours ago

You'll also notice it's gold colored. Direct homage to trumps tastes.

[–] HighlyRegardedArtist 28 points 1 day ago

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