Are robotaxis the future? Or instead, the past?
Are robotaxis the future? Or instead, the past?
Epic article on the relationship between financial dodgy SPACs and autonomous vehicle companies. Explains what SPACs are, and goes into detail on who the AV companies who used them have either already flamed out or will do so relatively soon. No SPAC AV company will be spared.
Tesla stock price has dropped tremendously so far in 2024. But expect it to drop much further due to inherent problems Tesla is simply failing to address. And this will sure cause FSD to wither away.
A startup for autonomous bikes - RDR-LESS! This is actually a parody video from 7 years ago. Incredibly funny.
GM has drastically lowered the value of Cruise by billions and billions of dollars. Cruise valuation dropped roughly from $30 billion to $15 billion. And GM is taking a loss of about $11.6 billion.
In a surprising turnabout, the CPUC granted Waymo permission to expand service to the Bay Area peninsula and to most of Los Angeles. This still does not allow Waymo to provide service to the SFO airport though.
It isn’t looking good. It has been 4 months since their epic disaster of seriously injuring a pedestrian, misinforming regulators and the public, and shutting down service. They have pushed out almost all of their executives and a quarter of their staff. And they do not appear to have a recovery plan. Things do not look good. One has to expect Cruise to be sold in a fire sale or simply abandoned by the end of 2024. This post covers a few recent factors that point in this direction.
