• Investors, analysts and the general public seem deeply unimpressed with Tesla’s robotaxi event earlier this week.
  • Tesla’s stock closed down 8% on Friday, when it was supposed to be a propulsive event for the company.
  • CEO Elon Musk has vowed to make Tesla into an AI and robotics powerhouse, but proof of this plan feels in short supply.
    • sugar_in_your_tea@sh.itjust.works
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      2 hours ago

      Eh, I think their current products are fine (except Cybertruck, that’s ridiculous). Every company has recalls, and Tesla’s are generally pretty mild (again, except Cybertruck).

      The main issue is that Elon really likes to overpromise and underdeliver. If he would flip that, I think people would be a lot more excited about this event. But saying “start production in 2025, available in 2026” means nothing when he’s been off by years with previous announcements. IMO, he shouldn’t have had the event until there was a firm delivery date. And that doesn’t just mean build capacity, they should be substantially far into the regulatory process before even presenting it publicly.

  • Subverb@lemmy.world
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    6 hours ago

    Five years ago the audience would have fawned all over this kind of crap.

    It’s good to see people are wise to his stock pumping strategy now.

  • tankplanker@lemmy.world
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    8 hours ago

    Elon normally throws a dead cat like this onto the table every time he plans on either increasing his compensation or he plans on selling a bunch of shares as in the past the dead cat has boosted the share price. Funding Trumps campaign cant be cheap. I’m glad that the market seems to be finally cottoning on to his grifting with this.

    • kameecoding@lemmy.world
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      6 hours ago

      It was about time that people caught up with his schtick of straight up lying, remember the roadster announced 7 years ago? Where is that?

      The semis? Stopped taking orders.

      Cybertruck is a complete failure, took 5 years to deliver.

      The cheap Tesla that was promisef, nowhere to be seen.

      Your tesla becoming a self driving taxi while you dont use it and earning you money? Vaporwave.

  • clutchtwopointzero@lemmy.world
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    9 hours ago

    He is constantly moving into the new thing and investors (especially institutional ones) must be noting the executive neglect

    • WhatAmLemmy@lemmy.world
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      7 hours ago

      It’s about time, really. He went off the deep end 5-6 years ago and proved he was just an arrogant salesman; the engineers/workforce is what achieved the consistent, iterative successes in SpaceX and Tesla for the decade prior. Since then he’s done nothing but pump the stock with hopes and dreams (and financial crimes), and he’s probably been a negative weight on productivity in all of his companies.

  • DogPeePoo
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    9 hours ago

    Elon’s favorite combo: lying and kicking the can down the road 🦵