Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’ - eviltoast
Investors criticised lack of detail about the ‘robotaxi’ showcased by Elon Musk

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.

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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.

      • Hotzilla@sopuli.xyz
        16·
        1 month ago

        The driver that is driving the vehicle because musk will not be able to deliver the FSD.

        • Cocodapuf@lemmy.world
          3·
          1 month ago

          Well… It’s not being engineered with a driver in mind. I don’t think they can just slap a seat in there later; having vs not having a driver is a major design consideration. This vehicle has no driver, period. If the fsd doesn’t work, he has no vehicle.

          So the question isn’t “Will they put a driver in this car?”

          The question is “Will they get this cat on the road?”

          • Hotzilla@sopuli.xyz
            6·
            1 month ago

            I can guarantee there is no design yet at all, the whole shit is just vaporware, like all musk’s demos. That demo 100% has driver in the van in the front.

            Edit: note that this part of the thread is about the bus. The robotaxi is definitely just CGI shit, no real engineer has even looked at the design yet.