Tesla’s “We, Robot” Event Appears To Have Impressed Nobody
Last night, Elon Musk held an event called “We, Robot” which introduced three things:
Tesla Cybercab: The Tesla Cybercab is a futuristic, fully autonomous robotaxi designed without a steering wheel or pedals, positioned to revolutionize mass transit with extremely low operating costs. It features a sleek design with upward-opening butterfly doors and a compact cabin that seats two passengers. Musk said the Cybercab uses inductive charging instead of a traditional plug-in. The vehicle is expected to cost under $30,000. Regulatory approval will be needed before it can go into production, which is projected to begin by 2026 or 2027.
Tesla Robovan:The Tesla Robovan is a dustbuster-shaped electric passenger van featuring sliding glass doors, a bright interior, and carriage-style seating for up to 20 passengers. Pricing and release details were not disclosed.
Tesla Optimus: The updated Tesla Optimus robot is a humanoid designed to handle everyday tasks, such as retrieving packages or serving drinks. Optimus walked on stage and interacted with attendees, though its current capabilities are still limited. Elon Musk envisions the robot as a transformative product, with plans to produce millions of units at a price of around $20,000.
The thing is, as much as Elon likes to think he’s the second coming of Steve Jobs, people aren’t buying his act anymore. He’s been promising self driving cars for years, but has never delivered. He has shown off the Optimus robot before, and it did absolutely nothing. The Cybertruck is a truck that fails at doing basic truck stuff. I could go on. Elon has been a vaporware machine for years. And this is reinforced by this text that was tossed onto the screen before the event started:
If you can’t read that, here’s the time stamp via YouTube. In short this whole block of text should be considered “forward looking statements” which is another way of saying don’t rely on anything that Elon says as being fact. That’s a way for Elon to cover his posterior because he’s been burned before for saying stuff that doesn’t happen at all or in the way that he says it will.
All of this isn’t helping the stock price of Tesla:
Clearly the markets are not impressed by this event. Nor should they be. The fact is that Elon Musk is nothing but a grifter. And if he wants to change that perception, he needs to announce products that actually and consistently ship on time and function exactly as promised. For example full self driving needs to happen. The Cybertruck needs to not be a joke. If he does that, maybe he has a shot at being the next Steve Jobs. But until that happens, he’s more akin to being the next Donald Trump. And that’s not good company to be in.
This entry was posted on October 11, 2024 at 12:39 pm and is filed under Commentary with tags Tesla. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Tesla’s “We, Robot” Event Appears To Have Impressed Nobody
Last night, Elon Musk held an event called “We, Robot” which introduced three things:
The thing is, as much as Elon likes to think he’s the second coming of Steve Jobs, people aren’t buying his act anymore. He’s been promising self driving cars for years, but has never delivered. He has shown off the Optimus robot before, and it did absolutely nothing. The Cybertruck is a truck that fails at doing basic truck stuff. I could go on. Elon has been a vaporware machine for years. And this is reinforced by this text that was tossed onto the screen before the event started:
If you can’t read that, here’s the time stamp via YouTube. In short this whole block of text should be considered “forward looking statements” which is another way of saying don’t rely on anything that Elon says as being fact. That’s a way for Elon to cover his posterior because he’s been burned before for saying stuff that doesn’t happen at all or in the way that he says it will.
All of this isn’t helping the stock price of Tesla:
Clearly the markets are not impressed by this event. Nor should they be. The fact is that Elon Musk is nothing but a grifter. And if he wants to change that perception, he needs to announce products that actually and consistently ship on time and function exactly as promised. For example full self driving needs to happen. The Cybertruck needs to not be a joke. If he does that, maybe he has a shot at being the next Steve Jobs. But until that happens, he’s more akin to being the next Donald Trump. And that’s not good company to be in.
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This entry was posted on October 11, 2024 at 12:39 pm and is filed under Commentary with tags Tesla. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.