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Bloomberg Opinion – Musk Loses Autonomy in Race for Tesla Robotaxis

Opinion piece in Bloomberg on how Elon Musk's pursuit of robotaxis could be a huge setback for Tesla. Musk has placed more of Tesla’s fortunes in the hands of public officials and processes beyond the routinely accommodating environs of the boardroom and the stock market. Reality, and a lower stock price, will surely result.
Read MoreBloomberg Opinion – Musk Loses Autonomy in Race for Tesla Robotaxis

Electrek – Elon Musk confirms his threat: give me 25% of Tesla or you don’t get AI and robotics

Article by Electrek on Elon Musk's latest extortion attempt. Given that Tesla is not an AI nor a robotics company, that Elon Musk knows nothing about either of those technologies, and that working on them would only distract Tesla from selling more cars, this is a prime opportunity for the Tesla Board to exercise their fiduciary responsibility and simply state "no thanks".
Read MoreElectrek – Elon Musk confirms his threat: give me 25% of Tesla or you don’t get AI and robotics

Fortune – In a single night, self-driving startup Cruise went from sizzling startup to cautionary tale. Here’s what really happened—and how GM is scrambling to save its $10B bet

A detailed article by Fortune on what has happened to Cruise since their October 2nd crash. Though it appears that Fortune still believes that GM will do what is needed to make Cruise successful, when it is actually quite clear that Cruise is doomed.
Read MoreFortune – In a single night, self-driving startup Cruise went from sizzling startup to cautionary tale. Here’s what really happened—and how GM is scrambling to save its $10B bet

Washington Post – Cruise settles with person dragged under one of its robotaxis

Washington Post reports that Cruise settled with the severely injured person who was dragged by their robotaxi October 2nd, 2023. The settlement amount was between $8 million and $12 million, indicating severe and permanently disabling injuries inflicted due to their weak technology.
Read MoreWashington Post – Cruise settles with person dragged under one of its robotaxis

Electrek – Only 2% of Tesla Full Self-Driving trial users end up buying it, credit card data show

Electrek reports that very few trial users are purchasing Full Self Driving after their free trial use. Elon Musk has been propping up Tesla share prices by claiming the real money will be made via autonomous vehicle software and a robotaxi fleet. But it turns out customers are not really interested in paying for Tesla's weak technology.
Read MoreElectrek – Only 2% of Tesla Full Self-Driving trial users end up buying it, credit card data show
tesla

Markets Insider – Tesla will drop 70% after robotaxi and AI ambitions stop shielding a failing business, ‘Big Short’ investor says

Markets Insider reports that some investors are seeing through the false claims that Elon Musk has been putting out about their robotaxi and AI initiatives. More will follow.
Read MoreMarkets Insider – Tesla will drop 70% after robotaxi and AI ambitions stop shielding a failing business, ‘Big Short’ investor says

Reuters – Exclusive: In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud

Reuters reports that Tesla's statements on their autonomous vehicles is now being investigated as possible securities or wire fraud by misleading investors and consumers about its vehicles' self-driving capabilities. This will not end well.
Read MoreReuters – Exclusive: In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud