Investors criticised lack of detail about the ‘robotaxi’ showcased by Elon Musk

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.

    • Sterile_Technique@lemmy.worldEnglish
      601·
      1 month 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
        562·
        1 month 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

      • normanwall@lemmy.world
        107·
        1 month ago

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

        • filcuk@lemmy.zip
          91·
          1 month ago

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

          • normanwall@lemmy.world
            1·
            1 month 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

    • TheBrideWoreCrimson@sopuli.xyz
      22·
      1 month 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·
        1 month 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.