- cross-posted to:
- evs@lemmy.world
- cross-posted to:
- evs@lemmy.world
- 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.
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Maybe Tesla should focus on fixing the quality of their current products before moving into other realms of production?
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.
headline was more exciting before i read the last four words of it
Elon Musk is a Nazi toddler.
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.
We are an AI company not a car company
Heres our new car
???
We even let AI write our script!
Still down 50% over 3 years! Let’s go Elon, you can kill it dead!
Here’s their all time stock price graph. Not exactly a death spiral, though that 3y performance number makes it sound so. The 1, 2, and 5 year numbers don’t tell the same story. You might even say it was a bit of a cherry pick.
Disclaimer: I own no TSLA shares. I just know how to manipulate stats for effect, so I know when it’s being done to me :)
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.
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.
He is constantly moving into the new thing and investors (especially institutional ones) must be noting the executive neglect
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.
There’s little doubt that he squeezes high productivity out of people. He just does so in a combative and oppressive way that I wouldn’t want to be anywhere near.
I also believe that he pushes his engineering teams through problem solving challenges (which does not make him an engineer) by ruthlessly interrogating everything. That’s not salesmanship…. But I’m not sure what you’d call it. Product, maybe?
Wonder what international event 6ish years ago brought that image to the forefront…
Pedo guy wanted to hog the spotlight with his billionaire death trap submarine stunt.
Elon’s favorite combo: lying and kicking the can down the road 🦵
