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submitted 1 day ago* (last edited 1 day 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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[-] ZILtoid1991@lemmy.world 10 points 1 day 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.

[-] FlyingSquid@lemmy.world 113 points 1 day ago
[-] Cadeillac@lemmy.world 26 points 1 day ago

You're having a good time today lol

[-] FlyingSquid@lemmy.world 37 points 1 day ago

I always enjoy being able to Riker a post.

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[-] RandomStickman@fedia.io 91 points 1 day 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 1 day 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.

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 1 day 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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[-] sleepmode@lemmy.world 41 points 1 day 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 21 points 1 day ago* (last edited 1 day ago)

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

[-] telllos@lemmy.world 13 points 1 day ago

But, the cybervan can carry 20 people, revolutionary!!!!!

[-] Krauerking@lemy.lol 14 points 1 day ago* (last edited 1 day ago)

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.

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[-] Louisoix@lemm.ee 75 points 1 day ago

Is he going to sue the investors?

[-] overload@sopuli.xyz 34 points 1 day ago

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

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[-] Mog_fanatic@lemmy.world 14 points 1 day 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.”

[-] givesomefucks@lemmy.world 86 points 1 day 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 1 day ago

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

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[-] magnetosphere@fedia.io 53 points 1 day 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 1 day 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.

[-] Mog_fanatic@lemmy.world 23 points 1 day ago* (last edited 1 day 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.

[-] Dragonstaff@leminal.space 25 points 1 day 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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[-] OutlierBlue@lemmy.ca 17 points 1 day 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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[-] makuus@pawb.social 39 points 1 day 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 19 points 1 day 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.

[-] VantaBrandon@lemmy.world 17 points 1 day ago

Deport Elon to Mars

[-] Aurenkin@sh.itjust.works 22 points 1 day 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.

[-] KrankyKong@lemmy.world 5 points 1 day ago

I'm just getting into stocks. Would this be a good time to invest now that it's low?

[-] brucethemoose@lemmy.world 2 points 1 day ago

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.

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this post was submitted on 13 Oct 2024
779 points (98.5% liked)

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