- cross-posted to:
- usa@lemmy.ml
- cross-posted to:
- usa@lemmy.ml
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.
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Tesla is no longer a serious company, Elon’s brand has gone from tarnished to trashed. TSLA might be holding on for dear life but ELON is a penny stock now
Elon musk extended family will own the entire Mars facility production and open hell portal?
Musk: “I have concepts of a car.”
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.
Lol this thing with a heavy battery would flip over at the mere sight of a bump, and everyone would die inside
The center of mass is lower due to the battery, so I’d say the opposite is true.
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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
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?
No, a lot worse
the thing we got is unique, that thing looks generic and car shaped as opposed to boxy and finger crushing
Analysts: “Is this ‘car’ in the room with us right now?”
You’ll also notice it’s gold colored. Direct homage to trumps tastes.
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.
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.
Ah, how I love good news on a Monday…
A two seater with lambo doors that look like they’ll immediately get sheared off by a passing truck that can’t see them. A laughable delivery timeline. And the “concept” bus looks like a Dustbuster that’ll get stuck in a pothole or on top of a speed bump with its current ground clearance. It’s almost like he’s deliberately trying to tank the stock making all this impractical shit.
But, the cybervan can carry 20 people, revolutionary!!!
A whole sports team.
Go sports!
Its a freaking “shitty” bus without a poor person as a driver.
His innovation is that he hates people. Doesn’t seem that new for rich people actually.
Edit: comparing it to a regular bus is too generous.
Being surrounded by yes men and snorting buckets of cocaine will do that to you.
More like after Elon’s failed performance at the Trump rally, foreign “investors” pulled their money from Tesla
Deport Elon to Mars
Oh please let us see Elon lose all his fucking money because he’s a gigantic ass hat.
We can dream, now that he’s tied his name to Trump it’s not as unlikely as previously.
It won’t be $30k, it won’t be full self driving, it won’t be ready for production by by 2027, it won’t replace all cars on the road by 2075.
It’s shocking that people aren’t calling him out on the fact that he also promised every Tesla on the road today would be capable of becoming a robotaxi, which was just an outrageous lie at the time and evidently they are no longer working towards making that plan a reality anymore if they’re designing dedicated autonomous vehicles. Letting him pitch a new robotaxi idea feels like letting him get away not having to face any consequences for his blatant bullshit.
No Tesla will, correct.
These cars will be available, just not where governments stand on the scale for industries that refuse to modernize or make vehicles that a lot of people actually want instead of another oversized SUV or truck with a grill taller than a tank.
Narayan added that some investors were hoping for a teaser about a lower-priced vehicle, with pedals and steering wheel, that would launch next year. However, none was forthcoming.
Expectations were low…
If the “taxi” was their new roadster it would have been at least a +10% jump.
It looks like shit though
They should bring back the roadster before Mazda makes an electric Miata from hell.
They should! They already got the preorders from 2018.
Dude invented the city bus.
I’m just getting into stocks. Would this be a good time to invest now that it’s low?
Tesla is a so called “meme stock” detached from how a company is actually performing. I’d say avoid it if you’re looking for “steady” buy and hold investing instead of (high tax) daytrader style gambling.
Investing is where you buy into market trackers and have no more than a couple of percent in any given company.
What you’re talking about is gambling.
Gotcha. Would now be a good time to gamble?
It might be a good time to invest in a high grade bond fund. Or emerging markets bonds if you want higher return.
depends on how much faith you have in elons ability to bullshit the masses. I wouldn’t do it, but some have gotten money off that gambit.
Possibly. If Trump wins what are the odds on him letting Elon’s crappy self driving cars be road legal as a thank you for all the election interference? But then what are the odds on Trump doing what he always does and abandoning everyone at the first sign of trouble. What if Trump loses?
It’s a lot of ifs. Don’t bet more than you can afford to lose is the only advice I can give.
The stock price/earnings ratio is still quite high. So based on fundamentals it’s still not a good buy. Instead, you’re gambling that in the future you’ll hear more unexpected good news from Tesla than unexpected bad news.
Personally, I wouldn’t take that bet.
Do you actually believe anything he said is true? Follow-up question, are you literate and do you have access to the internet?
Generally yes, buy when it is low. Have a look at some graphs of recent performance to see if this is lower than typical weekly low points
Tesla does have room to expand; the biggest risk is that Musk does something stupid that damages Tesla, he has not done so yet - he seems competent at running (or has given important parts of the job to competent people) Tesla and SpaceX
Safer investment is through exchange traded funds, especially those which track major indexes (also known as index funds). You buy these the same way you buy other stocks - you’re buying shares in the fund
Tesla and Elon are one of the reasons why I don’t but individual stocks but I rather get indices… It’s just the lack of consistency and the fact a single person can make you lose money…
For clarity, this means the stock is back to the price it was in September. I know car-man-bad but I get tired of these sensationalized articles that are only shared because they confirm that someone we like is bad actually
You’re having a good time today lol
I always enjoy being able to Riker a post.
His lips are chapped these days.
You’re doing God’s work.
Please, it’s not me. It’s Will. He’s the trombonist.
I think, at this point, Riker is tasting a sour trombone, but he’s too lazy to clear the mould out of the mouthpiece.
This was genuinely funny…the first 300 times or so.
