News Republisher

Scouring the news for interesting articles on 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
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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
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Fortune – Elon Musk reportedly sacked Tesla’s entire Supercharger team, including his top female manager

The Fortune article is important because it reports that he wasn't just dismissing Rebecca Tinucci, who was the executive in charge of Supercharger operations and also Tesla's highest ranking woman executive at Tesla. The entire Supercharger team of 500 employees is getting the boot! And the Supercharger operation is highly successful and critical to Tesla sales. This is yet another highly counterproductive move by Musk.
Read MoreFortune – Elon Musk reportedly sacked Tesla’s entire Supercharger team, including his top female manager