Tesla's robotaxi event was long on Musk promises. Investors wanted more details. [View all]
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Source: Reuters
For a businessman who perpetually struggles with broken promises, Elon Musk gave himself quite a to-do list Thursday night at Tesla's (TSLA.O), opens new tab long-awaited Hollywood unveiling of its driverless robotaxis.
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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 robovan capable of transporting 20 people around town - which he said would reshape cities by "turning parking lots into parks."
Later came the dancing humanoid robots that also mixed drinks at the bar, which Musk said Tesla will also eventually sell for $20,000 to $30,000 a piece. "I think this will be the biggest product ever, of any kind," he declared.
Thursday night's electronic dance music-infused event had the signature trappings of Musk's salesmanship, but some Tesla investors and experts said they were hoping for more concrete details on how the company plans to transform from an automaker into an autonomous driving and artificial intelligence titan with a solid business plan.
Read more: https://www.reuters.com/business/autos-transportation/tesla-robotaxi-event-was-long-promises-investors-wanted-more-details-2024-10-11/
Further down in the article it's indicated that Tesla is cutting corners on sensor and camera technology, Tesla software is several years behind Google's Waymo, and that the Tesla system will make it nearly impossible for investigators to pinpoint the cause of a crash or other failure.
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