Tesla

Clearly the robotaxi company with the weakest sensors, the worst software, and the most deranged CEO. Fortunately reality has not been tainted by an actual robotaxis implementation, though long promised by their leader…

Electrek – Tesla paid for Elon Musk’s Boring Company to dig a tunnel under Giga Texas, but why?

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.
Read MoreElectrek – Tesla paid for Elon Musk’s Boring Company to dig a tunnel under Giga Texas, but why?

AutoEvolution – Tesla FSD V12.4.1 Doesn’t Live up to the Hype, Still Praised for Removing the Steering Nag

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.
Read MoreAutoEvolution – Tesla FSD V12.4.1 Doesn’t Live up to the Hype, Still Praised for Removing the Steering Nag

Reuters – Tesla must face California’s false-marketing claims concerning Autopilot

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.
Read MoreReuters – Tesla must face California’s false-marketing claims concerning Autopilot
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CNBC – Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI

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.
Read MoreCNBC – Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI

Fortune – Elon Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low

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.
Read MoreFortune – Elon Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low

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

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