this post was submitted on 13 Oct 2024
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Analysts criticise lack of detail about the ‘robotaxi’ showcased by CEO Elon Musk

Tesla shares fell nearly 9% on Friday, wiping about $60bn (£45bn) from the company’s value, after the long-awaited unveiling of its so-called robotaxi failed to excite investors.

Shares in the electric carmaker tumbled to $217 at market close following an event in Hollywood, where the chief executive, Elon Musk, revealed a much-hyped driverless vehicle. The stock price is down roughly 12% year-to-date.

However, analysts said the event was short on detail and also expressed disappointment over a lack of specifics about other Tesla projects. Musk has a history of making grand projections about upcoming products and failing to follow through in the timeframe he has set, or at all.

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[–] HighlyRegardedArtist@lemmy.world 151 points 2 months ago (4 children)

Musk: "I have concepts of a car."

[–] Sterile_Technique@lemmy.world 61 points 2 months ago (2 children)

Even at face value, that's still a massive red flag coming Musk. He gave us a concept of the cybertruck that actually looked pretty badass; then delivered a vehicle straight out the Playstation 1. Any concept he pitches can be assumed to be complete bullshit.

[–] friendlymessage@feddit.org 56 points 2 months ago* (last edited 2 months ago) (2 children)

That thing looks AI generated. Better than what we got but still ridiculous. I mean, it's huge but still somehow doesn't really seem to have much space for passengers or cargo at the same time

Also, why is the cabin aerodynamic while the hood is not? The whole thing is nonsensical

[–] SuperIce@lemmy.world 11 points 2 months ago (1 children)

it's huge but still somehow doesn't really seem to have much space for passengers or cargo at the same time

So like all modern pickup trucks?

[–] friendlymessage@feddit.org 2 points 2 months ago

No, a lot worse

[–] desktop_user@lemmy.blahaj.zone -5 points 2 months ago

the thing we got is unique, that thing looks generic and car shaped as opposed to boxy and finger crushing

[–] normanwall@lemmy.world 3 points 2 months ago (1 children)

Lol this thing with a heavy battery would flip over at the mere sight of a bump, and everyone would die inside

[–] filcuk@lemmy.zip 9 points 2 months ago (1 children)

The center of mass is lower due to the battery, so I'd say the opposite is true.

[–] HighlyRegardedArtist@lemmy.world 29 points 2 months ago

Analysts: "Is this 'car' in the room with us right now?"

[–] TheBrideWoreCrimson@sopuli.xyz 22 points 2 months ago (1 children)

It might not be a particularly new insight, but I find it worth repeating anyway: Musk truly is the new Ford. Runs his own company in the ground and has a hard-on for fascists.

[–] AngryCommieKender@lemmy.world 16 points 2 months ago* (last edited 2 months ago)

With a bit of Edison thrown in for good measure. He's constantly claiming to have invented things or founded companies that he had nothing to do with.

[–] linearchaos@lemmy.world 3 points 2 months ago

You'll also notice it's gold colored. Direct homage to trumps tastes.