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Bloomberg reports that JP Morgan has told clients that for Tesla's alleged robotaxi service that there is no material revenue generation expected for years. The article also points out that Elon Musk's self-driving predictions have never panned out. This all further shows that Musk's robotaxi claims are just a distraction to falsely prop up Tesla stock price during declining sales.
Electrek reports that Elon Musk had Tesla pay over $1 million to the Boring Company to dig a completely unnecessary tunnel on Tesla property. This further shows that Elon Musk is misusing Tesla resources for his own personnel financial gain, just as he has been doing with his robotaxi statements.
AutoEvolution reports that the much hyped (by Elon) FSD V12.4.1 isn't working that well. Clearly Tesla does not have the technology for real AVs that would be needed for robotaxi service. The whole robotaxi hype is clearly just a way of artificially keeping their stock price high.
Reuters reports that has ruled that the California Department of Motor Vehicles should indeed investigate whether Tesla has overstated its vehicles' self-driving capabilities. It is a separate ruling from the recent May 15th one on whether a class-action lawsuit against Tesla's claims can proceed.
Electrek reports that Zoox is still trying to provide robotaxi service. Limited testing will now occur in Miami and Austin. But this just a baby step forward, first with just mapping streets using a Toyota Highlander. They are still far away from providing passenger service. In fact, they are so far away they put out pathetic press releases like this one.
Interesting Engineering reports on how some researchers are proposing adding a fourth light to traffic signals to help facilitate traffic. Note how this idea does not take into account that there are pedestrians out there.
CNBC reports that once again Elon Musk has lied to Tesla shareholders. He boasted that Tesla would be making a huge investment into AI in order to power their supposed robotaxi system. But it turns out that he has been directing the scarce supply of Nvidia AI chips from Tesla to xAI, a separate company that Musk has a huge financial stake in.
Fortune reports that Elon Musk is now facing a lawsuit alleging that he misled investors with fake "epic end of year" sales info while dumping billions of dollars of stock using insider information. This is of course similar to Musk recently propping up stock price with fake robotaxi claims.
NY Times article on the difficulties Cruise is facing to restarting commercial robotaxi service. Given their many problems described in the article one has to assume that GM will dump Cruise sooner rather than later.
Fortune reports on how difficult the robotaxi business is, and how Waymo has outlasted the other companies. But somehow Fortune is impressed with Waymo serving 50,000 rides/week. At $20/ride this is only about $50 million a year, a pittance compared to the billion dollars+ that they are spending.
The Insurance Institute for Highway Safety (IIHS) reports that the federal regulation of vehicle automation is currently completely inadequate. Six US senators have called attention to how the NHTSA needs to change their hands off approach to autonomous vehicles.
