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Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’
(www.theguardian.com)
Musk: "I have concepts of a car."
this post was submitted on 13 Oct 2024
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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.
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
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Analysts: "Is this 'car' in the room with us right now?"
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.
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Investors we spoke to at the event thought the event was light of real numbers and timeline
Not like Elon is famous for keeping the timeline. Man on Mars and Tesla semi any day now.
I posted this elsewhere, but I always enjoy the timeline:
Well, he did say he'd put a man on Mars in 10 years... back in 2011.
...And then in 10 years in 2014 (meaning 2024).
...And then in 6 years in 2016 (meaning 2022)
...And then in 6 years again in late 2020 (meaning 2026)
Then we finally end up on his current 2022 estimate of 2029.
Don't worry, Trump and Elon said that if Trump wins 2024, we'll have a man on Mars before Trump's term is over.
So from someone who works in human spaceflight, this is ridiculously outrageous.
I’m not insinuating that anyone thought it was realistic, but just confirming your suspicions.
Don't worry, since Trump will install himself as dictator for life, this means he has more than 4 years to get someone to Mars.
Then again, given Trump's age and diet, maybe 4 years is generous in and of itself...
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Bro. Just one more year bro. I swear bro. Just one more year and we'll have full self driving bro.
Don't lose faith bro. Or I'll sue you and call you a pedo guy.
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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....
They should bring back the roadster before Mazda makes an electric Miata from hell.
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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.
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Is he going to sue the investors?
Sue the stock market for conspiring against the valuation of his companies.
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Here’s a list of every time he has promised (lied about) full self driving for literally more than a decade.
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Musk is facing a LOT more practical scrutiny now that the cybertruck is an ongoing fiasco. People are rightfully wary of getting excited about a taxi that only seats two people. Anyone who’s been paying attention will also be suspicious of his claims that the taxi will actually cost under 30k, or that it will truly go into production “before 2027”.
I will admit that the van looks cool as hell. Of course, I still think Musk is a piece of human garbage, but I will give him that.
It's a bus. Elon Musk invented a bus. Now he only needs to invent a time machine, travel back to the 1800s and woo everyone with his new idea.
I love the aesthetic. I fully support Art Deco public transportation.
A bus designed by someone who absolutely hates public transportation is pretty funny though. "I wish these seats faced each other so I could sit knee to knee with a stranger." -Nobody Ever
And there's so little passenger space, they have a "luggage" compartment in the front. So I suppose I'm just supposed to put my bag there, out of my sight, then hope nobody takes it before I get off?
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I still can't get over the fact that he called the cybercab "individualized mass transit" lol. Wtf does that even mean. Mass transit... For an individual? So like... A car? Or a bicycle? I guess I'm just not smart enough to understand the world's smartest human being ever.
It's windowless. As someone who gets motion sickness if I can't see out, I would cover the inside of that thing with barf. And the seats are conveniently facing sideways, which is another strong trigger for me, the barf would be aimed directly at the stranger facing me.
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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.
Being surrounded by yes men and snorting buckets of cocaine will do that to you.
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I just continue to be amazed that, instead of the old, tried-and-true method of giving people what they want—a solid, reliable car at a good price, and a stellar charging network in the places people want to be—a man of his means keeps trying weird gimmicks.
It's not so surprising when you consider the fact that he's nothing but a charlatan.
Just a colossal idiot with enough money and little enough self awareness that everyone is indulging his every whim and he never stops to consider that maybe he isn't a visionary and a genius.
Musk said the company would start building the fully autonomous “Cybercab” by 2026 at a price of less than $30,000, and showed off a van he claimed was capable of transporting 20 people around town autonomously – which he said would reshape cities by turning car parks into parks.
$30,000 for a fully autonomous bus?
I think he made it reasonably clear that $30k was for the small self driving taxi, and the mini-bus would also become available
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This company will soon have zero value under our fearless leader Elon Musk.
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one of my old computer science professors said self driving cars “have been 5 years away for the past 20 years”. still rings true to this day
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The key risk for this whole bet Tesla is making is the software. I couldn't give two shits about their hardware plans, that will come and it's not the key challenge. Saying "we will have it next year" is just not good enough when you've said it before and ruined your credibility already. This event should not have happened until the software is ready to go, it's worth nothing without that.
Oh please let us see Elon lose all his fucking money because he's a gigantic ass hat.
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Dude invented the city bus.
I just don't get why they still have him as CEO.
The man spends his time mostly on Twitter, driving it into the ground to simp for Trump. He's taken obscene amounts of money from it, while failing to offer the simplest of products from its roadmap a decade ago - an affordable electric car.
If they don't pivot in the next few years, they'll run the risk of Tesla being leapfrogged to market more than it already has, with an inferior product to practically everyone that enters the EV market.
I still fully maintain that Musk will push Tesla towards making a petrol-powered car within the next few years, so IMO the board needs to get rid before that becomes a thing.
Deport Elon to Mars
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