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.

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.

  • Euphorazine@lemmy.world
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    1 month ago

    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.

    • PrincessLeiasCat@sh.itjust.works
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      1 month ago

      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.

      • niemcycle@lemmy.world
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        1 month ago

        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…

    • GenosseFlosse@feddit.org
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      1 month ago

      Will this man be alive by the time he reaches mars, or returns to earth? Will the mars spacecraft have the same build quality and reliability as a Tesla Cybertruck, or will it blue screen after leaving the Earth’s orbit?

      • Pilferjinx@lemmy.world
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        1 month ago

        Dude, I’m positive he won’t make it 2 years and then those christofascists can start with their project with JD couchfucking Vance as the president.