Are robotaxis the future? Or now in the past?
Are robotaxis the future? Or now in the past?
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…
CNBC reports that Elon Musk is once again getting sued, this time by The Employees’ Retirement System of Rhode Island, for artificially boosting Tesla share prices with false information. Surely this will happen again in the future once stockholders realize that Musk's robotaxi claims have all been completely and knowingly false.
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.
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.
Electrek reports that after years of refusing, Tesla is finally reporting more in depth data for its (non-auto) Autopilot. And the numbers explain why they stopped reporting data completely back in 2022.
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.
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".
From Xitter, a tweet with a dashcam video showing a Tesla on FSD drive directly into a moving train. An excellent reminder that Tesla is not going to be putting out a robotaxi fleet given how weak their technology is.
A Bloomberg journalist tries out Fake Self Driving for a month. Hilarity ensues. The author is not impressed.
Bloomberg article on how while Tesla is trying to get out of the lawsuit that it misled consumers on Tesla's self-driving capabilities, a California judge has ruled that some of the negligence and fraud claims can proceed.
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.
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.
