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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] 4 points 1 hour ago

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.

[–] samokosik 2 points 44 minutes 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…

[–] SloppyPuppy 6 points 2 hours ago* (last edited 2 hours ago)

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

Bro even cold fusion reactors have less estimation than that.

[–] TastyWheat 19 points 3 hours ago (1 children)

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

[–] pyre 4 points 1 hour ago

that's really Something isn't it

[–] Cornpop 14 points 4 hours ago

Dude invented the city bus.

[–] Scolding7300 12 points 6 hours ago* (last edited 1 hour ago) (3 children)

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

Edit: grammar

[–] lettruthout 11 points 4 hours ago (1 children)

Really. Give me reliable public transportation instead.

[–] Fedizen 5 points 3 hours 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] 6 points 5 hours ago (1 children)

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

[–] Scolding7300 2 points 1 hour ago

I just wish it went into autonomous trains like France did with Paris Line 14

[–] Fedizen 2 points 3 hours ago (1 children)

none. But they would have to be electric so that they don't lose fuel economy as 3x the number of cars on the road will 100% create traffic jams.

[–] Scolding7300 1 points 1 hour ago

And even then the amount of energy wasted on traveling empty from drop offs to pickups would probably be collossal. Not to speak of the infrastructure we don't have to keep these charged

[–] cultsuperstar 18 points 8 hours ago (1 children)

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

[–] [email protected] 10 points 8 hours ago

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

[–] affiliate 24 points 9 hours ago (1 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

[–] Agent641 12 points 8 hours ago (1 children)

Self driving cars and net positive fusion, same same

[–] roguetrick 6 points 7 hours ago* (last edited 7 hours ago)

Oh nobody's predicting net positive fusion anytime soon. There's huge materials hurdles in both magnetic confinement and inertial confinement while also regenerating tritium. Neutron radiation just does not play nice.

[–] [email protected] 50 points 14 hours 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/

[–] TriflingToad 11 points 10 hours 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] 17 points 13 hours ago

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

[–] [email protected] 86 points 18 hours ago (7 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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[–] Gammelfisch 13 points 13 hours ago (1 children)

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

[–] [email protected] 3 points 12 hours ago (1 children)
[–] OlinOfTheHillPeople 7 points 10 hours ago (1 children)
[–] iAvicenna 1 points 15 minutes ago

"Boeing had a little hard time, so they are going to save — Leon's going to send up a rocket," Trump said. "He looks forward to it. That's all he thinks about is things like that."

I guess Leon likes being treated like a little kid going to summer science camp

[–] Furbag 76 points 19 hours 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.

[–] [email protected] 2 points 7 hours ago

No Tesla will, correct.

These cars will be available, just not where governments stand on the scale for industries that refuse to modernize or make vehicles that a lot of people actually want instead of another oversized SUV or truck with a grill taller than a tank.

[–] [email protected] 26 points 17 hours ago (3 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 14 hours ago* (last edited 14 hours ago)

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

[–] Psythik 9 points 15 hours ago

Why is he even bothering when we already have Waymo? It already has full-self driving, and it works wonderfully. I use it to get rides to work when I'm too tired to drive. Just hop in, take a nap, and wake up at your destination. I trust it way more than any Uber/Lyft driver.

[–] [email protected] 7 points 15 hours ago

The price is for yearly subscription

[–] ZILtoid1991 10 points 15 hours ago

At least the robovan looks like a vehicle from a dystopian cyberpunk movie, and the bad guy cops (that are of course working for a private police firm) are being ready to burst out from it to try to arrest the good guys.

[–] [email protected] 27 points 19 hours ago (1 children)

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

[–] [email protected] 10 points 16 hours ago

No one can ruin the Tesla name like someone taking credit for their underlings inventions.

[–] HighlyRegardedArtist 141 points 1 day ago (12 children)

Musk: "I have concepts of a car."

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