Tesla reveals its long-awaited Robotaxi, along with a new Robovan and an upgraded version of its humanoid robot "Optimus". However, the event may not significantly boost Tesla's share prices due to the lack of information exceeding investors' expectations.
Never get your hopes up, that way you won’t be disappointed, so the cynical saying goes. So I wasn’t that surprised, that once again when Elon Musk promised tangible things, instead he gave us marketing aspirations. Including promising (once again) that FSD was ‘just around the corner’, something he has being saying for several years now. The robotaxi was little more than a concept car with similar promises that maybe/might happen at a certain date in the future.
Multiple Chinese firms will probably have succeeded with all of this before Tesla does.
Yeah, the event was glaringly thin on some rather key details. An update on FSD from someone like Ashok Elluswamy would have been far more interesting than Elon reiterating that unsupervised FSD is “coming soon”.
The robotaxi demos looked cool enough, but as with other autonomous demonstrations, it remains to be seen how scaleable they are to a non-geofenced environment.
With this event, though, Tesla have nailed their colours to the mast with autonomy. They’ve made their bed, now they have to lie in it. I think the next couple of years might very well be sink or swim for the company.
Tesla/Musk, and so many other ‘billionaires’, are lucky to live in an age when global central banks would rather print trillions in extra dollars and euros, than let stock markets crash. They are buoyed up by a fake proxy for success.
Never get your hopes up, that way you won’t be disappointed, so the cynical saying goes. So I wasn’t that surprised, that once again when Elon Musk promised tangible things, instead he gave us marketing aspirations. Including promising (once again) that FSD was ‘just around the corner’, something he has being saying for several years now. The robotaxi was little more than a concept car with similar promises that maybe/might happen at a certain date in the future.
Multiple Chinese firms will probably have succeeded with all of this before Tesla does.
Yeah, the event was glaringly thin on some rather key details. An update on FSD from someone like Ashok Elluswamy would have been far more interesting than Elon reiterating that unsupervised FSD is “coming soon”.
The robotaxi demos looked cool enough, but as with other autonomous demonstrations, it remains to be seen how scaleable they are to a non-geofenced environment.
With this event, though, Tesla have nailed their colours to the mast with autonomy. They’ve made their bed, now they have to lie in it. I think the next couple of years might very well be sink or swim for the company.
Tesla/Musk, and so many other ‘billionaires’, are lucky to live in an age when global central banks would rather print trillions in extra dollars and euros, than let stock markets crash. They are buoyed up by a fake proxy for success.