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submitted 2 months ago* (last edited 2 months ago) by MicroWave@lemmy.world to c/news@lemmy.world

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@lemmy.world 151 points 2 months ago

Musk: "I have concepts of a car."

[-] Sterile_Technique@lemmy.world 61 points 2 months ago

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.

[-] friendlymessage@feddit.org 56 points 2 months ago* (last edited 2 months ago)

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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[-] HighlyRegardedArtist@lemmy.world 29 points 2 months ago

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

[-] TheBrideWoreCrimson@sopuli.xyz 22 points 2 months ago

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@lemmy.world 16 points 2 months ago* (last edited 2 months 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.

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[-] FlyingSquid@lemmy.world 114 points 2 months ago
[-] Cadeillac@lemmy.world 26 points 2 months ago

You're having a good time today lol

[-] FlyingSquid@lemmy.world 37 points 2 months ago

I always enjoy being able to Riker a post.

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[-] RandomStickman@fedia.io 91 points 2 months ago

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.

[-] Euphorazine@lemmy.world 31 points 2 months ago

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.

[-] PrincessLeiasCat@sh.itjust.works 28 points 2 months ago

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.

[-] niemcycle@lemmy.world 22 points 2 months ago

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...

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[-] Blackmist@feddit.uk 89 points 2 months ago

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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[-] givesomefucks@lemmy.world 86 points 2 months ago

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....

[-] JoMiran@lemmy.ml 25 points 2 months ago

They should bring back the roadster before Mazda makes an electric Miata from hell.

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[-] Furbag@lemmy.world 77 points 2 months ago

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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[-] Louisoix@lemm.ee 75 points 2 months ago

Is he going to sue the investors?

[-] overload@sopuli.xyz 34 points 2 months ago

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

[-] ArtVandelay@lemmy.world 16 points 2 months ago

Sure Mars for just being so fucking far away

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[-] Mog_fanatic@lemmy.world 14 points 2 months ago

“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.”

[-] ayyy@sh.itjust.works 54 points 2 months ago

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/

[-] Poop@lemmy.ca 18 points 2 months ago

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

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[-] magnetosphere@fedia.io 53 points 2 months ago

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.

[-] GenosseFlosse@feddit.org 35 points 2 months 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.

[-] Dragonstaff@leminal.space 25 points 2 months ago

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?

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[-] Mog_fanatic@lemmy.world 23 points 2 months ago* (last edited 2 months ago)

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.

[-] OutlierBlue@lemmy.ca 17 points 2 months ago

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.

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[-] sleepmode@lemmy.world 41 points 2 months ago

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.

[-] assassinatedbyCIA@lemmy.world 22 points 2 months ago* (last edited 2 months ago)

Being surrounded by yes men and snorting buckets of cocaine will do that to you.

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[-] makuus@pawb.social 39 points 2 months ago

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.

[-] Viking_Hippie@lemmy.world 18 points 2 months ago

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.

[-] MyOpinion@lemm.ee 28 points 2 months ago

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

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[-] geneva_convenience@lemmy.ml 28 points 2 months ago

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?

[-] ayyy@sh.itjust.works 13 points 2 months ago* (last edited 2 months ago)

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

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[-] affiliate@lemmy.world 27 points 2 months ago

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

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[-] Aurenkin@sh.itjust.works 22 points 2 months ago

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.

[-] TastyWheat@lemmy.world 22 points 2 months ago

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

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[-] cultsuperstar@lemmy.world 22 points 2 months ago

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

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[-] Cornpop@lemmy.world 18 points 2 months ago

Dude invented the city bus.

[-] VantaBrandon@lemmy.world 17 points 2 months ago

Deport Elon to Mars

[-] EnderMB@lemmy.world 17 points 2 months 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.

[-] Scolding7300@lemmy.world 14 points 2 months ago* (last edited 2 months ago)

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

Edit: grammar

[-] lettruthout@lemmy.world 18 points 2 months ago

Really. Give me reliable public transportation instead.

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this post was submitted on 13 Oct 2024
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