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https://freedium.cfd/https://wlockett.medium.com/teslas-robotaxi-dreams-are-dead-9e28711da983>
"Self-driving has been a core part of Tesla for well over a decade. It is what
prompted investors to classify it as a tech company rather than a manufacturing
company and is what has driven its valuation to dizzying heights through insane
speculation. Cathie Wood has gone on record to state that Tesla's self-driving
technology will become its main income source by 2029, adding more than $7
trillion to the company's already ridiculous value. But unfortunately, the
wheels have fallen off, and this fever dream is dead on arrival. This is
utterly devastating for Tesla, and how Musk plans to treat this self-inflicted
wound will only make the situation worse.
In October, Musk announced that Tesla plans to expand its tiny experimental
'Robotaxi' fleet in Austin, Texas, to 500 vehicles. But, last month, Musk
revised this to "roughly doubling" the number of Austin Robotaxis by the end of
December, which would mean only 60 vehicles. That is an underperformance of
around 88%!
And, to make matters worse, these aren't really robotaxis. Legally, there still
has to be a driver in the car who monitors the system."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
