I get that the focus has shifted to the robotaxi, and that the service is now running in some capacity in Austin. And the analysts and forecasters all run the numbers on a nationwide rollout, but what I don't see:
Will people actually get into a Robotaxi? Between a mix of distrust of the software and the general anti-musk sentiment, will they actually get the riders needed to fill their $1T valuation shoes?
Given how badly the cybertruck undersold, it does seem plausible that they don’t understand the demand for robotaxi either
Personally, I will never trust Tesla purely due to how many YEARS they failed to deliver on their FSD promises. They are not competitive at their core competency of electric cars so why would we expect them to pioneer a new market?
Sure, they’ll get into Ubers, Waymo’s, and Robotaxis. But almost every American will still drive themselves in their own car. The world of personal transportation looks exactly the same as it did 30 years ago. Don’t forget self driving taxis was Uber’s pitch for a long time before reality forced them tell a different story.
Even if self-driving works well, Americans will drive their own car. Where does Tesla fit in once EV tech is a commodity and the brand is no longer fashionable?
I wonder how much of this is reaction to Elon and how much is a reaction to the cyber truck.
For me personally, any consoderation I had for purchasing a Tesla has died thanks to the cyber truck. Its well-documented littany of defects and design flaws has killed my faith in Tesla to successfully iterate and improve on their existing fleet. It just feels a lot safer now to stick with incumbent auto manufacturers - even for EVs.
Can someone who knows more about Tesla tell me what the chance is that we see Musk pushed out? I think given his recent scattered priorities, foray into American politics, reported drug use, etc., he's probably lost a lot of the doubt that investors were willing to give him the benefit of.
Imagining that I'm a major holder of TSLA, I'm starting to wonder when the clown show is going to be over and I can get back to making money.
If you're a serious holder of Tesla and doubted Elon you would probably just sell rather than try to change it because the premium of the stock is all Elon and his ability to convince people of his abilities, nothing about the rest of the company warrants a tenth of its valuation.
The ones that are bullish and holding Tesla are bullish on Elon. Maybe some institutions that have to hold it as part of their funds would step up, but they went along with the fans last compensation vote when Elon threatened to walk away. I guess they don't want the price going down suddenly either
Yeah, seems like it's even worse in that it's a _death cult_. The people in it know that it's not worth what the market prices it at, so they know any sudden moves in the wrong direction and they're gonna lose all that value. That leaves no choice but to double down and never stop. The collapse of this thing is going to be incredible.
Can't say this is too surprising, given Musks' behaviour over the past months.
The association with Tesla as a product is less desirable as a result. And I guess in the US, his initial alignment with Trump didn't sit well with Democrat-leaning customers, and now he flipped against Trump, which won't sit well with Republican-leaning customers.
Will people actually get into a Robotaxi? Between a mix of distrust of the software and the general anti-musk sentiment, will they actually get the riders needed to fill their $1T valuation shoes?