Tesla Investor’s Vital Abstract of Tesla Robotaxi Occasion – CleanTechnica – Uplaza

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Tesla had its huge robotaxi occasion final night time. Pre-market, the inventory is down practically 7%. I believe it’s truthful to say that Tesla unveiled some very cool wanting robotaxi idea autos, but additionally did little or no to indicate how or when it’s getting from the place it’s at the moment to those robotaxis truly being offered to prospects and on the highway in full operation.

Essentially the most bullish hopes for final night time’s occasion would have been the hope that Tesla would launch robotaxi operations in some markets instantly, however that was unlikely. By the tip of the 12 months would have been shut sufficient and really bullish. Although, I’d hope that the majority followers and traders wouldn’t expect that. In the event that they have been, they should be upset, as a result of there was no point out of that taking place. I believe the extra life like however bullish expectation was that Tesla would present a production-ready robotaxi, present a transparent timeline for when it could launch as a robotaxi, and point out which jurisdictions (states) would allow launch by that point. This, to me, was too bullish however I assume will need to have been what many traders have been hoping for.

One very notable Tesla investor, Gary Black, was extra skeptical, and I’d say utterly in keeping with my expectations, and thus my response to what Tesla revealed. Earlier than I am going additional, I’m embedding his tweet after which the Tesla reveal video itself should you haven’t watched it (observe that the presentation begins about 53 minutes in).

$TSLA “We, Robot” was lengthy on promise and quick on specifics and for us, was largely as anticipated. TSLA didn’t unveil a $25-$30K compact, however did reveal a 20-person autonomous Artwork Deco bus. The occasion didn’t handle how Tesla will make the leap from promoting supervised FSD to… pic.twitter.com/tCRWxUbkN4

— Gary Black (@garyblack00) October 11, 2024

So, a number of key highlights, together with quotes from Tesla investor Gary Black’s tweet:

1. “TSLA did not unveil a $25-$30K compact, but did reveal a 20-person autonomous Art Deco bus.” So, yeah, the look ahead to a extra reasonably priced Tesla automobile goes on.
2. “The event didn’t address how Tesla will make the leap from selling supervised FSD to unsupervised autonomous vehicles.” Certainly. That is probably the most I hoped for — some clear clarification of how they’d get from A (the place we’re at the moment) to B (robotaxi operations). Nope.
3. “Elon promised TSLA would offer unsupervised FSD by 2025 year-end on current SX3Y and CT models in Texas and California, where miles per necessary intervention are likely the highest, and a production robotaxi before 2027.” Okay, that is one thing like a plan, however it’s additionally simply the obscure form of prediction/forecast Tesla has offered for a number of years after which missed targets on. A 12 months+ continues to be far sufficient out that one would suppose a Tesla prediction can’t be tremendous stable, and Elon Musk’s predictions on such timelines prior to now have been tremendous poor. After all, 2027 is way off for an precise manufacturing robotaxi, and much sufficient off than any Tesla prediction proper now could be extra of a wild guess. Naturally, should you have been anticipating a manufacturing robotaxi to be proven final night time, you’ve bought to be sorely upset.
4. “He did not provide a business model for how the robotaxi would generate revenue other than to say consumers could buy a Cybercab for under $30,000 and entrepreneurs might invest in a ‘flock’ of robotaxis that could work 100 hours/week instead of the roughly 10 hours/week they operate today.” I’m not going to lie — that is the place issues actually bought a bit of off monitor for me. I do know there have been sturdy hints of this, however Musk additionally proclaimed many instances that Teslas with FSD would admire in worth as soon as they cracked the robotaxi nut. But now they plan to promote a robotaxi for under $30,000? How is my 2019 Tesla Mannequin 3 with FSD going to understand in worth? Have been these completely false claims that Musk has given up on? Is there authorized recourse for many who really feel swindled? I’ll depart it to others to chatter about and probably rent legal professionals for. Not my sport. In any case, yeah, it’s a cool Cybercab idea, and just like what I anticipated Tesla was engaged on, however the doorways look impractical for a robotaxi and the idea continues to be distant from manufacturing. General, that is rather more of a miss than a success, imho.
5. “Elon did not disclose TSLA’s current intervention efficacy data.” After all now.
6. “Musk’s presentation lacked technical details and glossed over topics including regulation or whether the company will own and operate its own fleet of Cybercabs or leverage third-party ride hailing platforms.” Frankly, this feels similar to a presentation from years in the past, with equally low degree of particulars and far-off grand forecasts you simply must think about.
7. “We very much liked the design of the new $TSLA cybercab. It will be a two seater with two doors that open skyward, with no steering wheel or pedals. The cybercab borrowed heavily from today’s Cybertruck design and was very futuristic looking.” Sure, it seems cool. It additionally seems like many different idea autos proven at auto reveals through the years — enjoyable, futuristic, and unrealistic. Will Tesla come by and really construct it. In all probability. However on the timeline and on the value projected? I’m not holding my breath.

Tesla continues to be struggling to get Cybertruck manufacturing volumes up and prices down. I’m not saying it received’t accomplish that, simply because it did with all of its earlier fashions, however it’s clear there are challenges the corporate continues to be going through on this. And there are additionally points with reliability and repairability. It’s nowhere near a completed product. So, one other automobile that may be a form of combo of a Cybertruck, a Mannequin 3, and a Mannequin X looks as if a fantastic far-off dream that has many hurdles forward earlier than it’s in a buyer’s hand. 2027? Possibly. We’ll see.

So far as Full Self Driving (Unsupervised), we actually don’t have any extra data than we had earlier than 10/10, will we? Any hope for an enormous announcement about progress on FSD, intervention charges reaching a vital tipping level, or regulatory approval was misguided hope, as we now know.

One factor I’m wondering: was anybody actually thrilled by the information of the occasion final night time? Apart from seeing the designs of the automobile ideas, was there something unveiled on the occasion that anybody wasn’t actually anticipating?