Are robotaxis the future? Or instead, the past?
Are robotaxis the future? Or instead, the past?
NY Times reports on how in China there is greater support for autonomous vehicles, but that the government censors news media and social media so that people are not aware of the crashes and deaths.
Quartz reports on the fantasy that Tesla stock could rise to $2,600 in five years due to their vaporware robotaxi system. Rather shocking that anyone would believe this.
The Verge reports that Wayside mo has issued a software update after one of their vehicles crashed into a stationary pole. But Waymo never mentions why the vehicle crashed into a large stationary pole, which shouldn't have happened regardless of mapping or configuration issues.
CNBC reports that Elon Musk is once again getting sued, this time by The Employees’ Retirement System of Rhode Island, for artificially boosting Tesla share prices with false information. Surely this will happen again in the future once stockholders realize that Musk's robotaxi claims have all been completely and knowingly false.
The Verge reports that GM is dumping another $850 million into the dumpster fire that is Cruise. This is on top of the $8.2 billion they have already wasted. At year end they will have to make yet another decision on whether to burn even more money or to just close down the fiasco.
Bloomberg reports that JP Morgan has told clients that for Tesla's alleged robotaxi service that there is no material revenue generation expected for years. The article also points out that Elon Musk's self-driving predictions have never panned out. This all further shows that Musk's robotaxi claims are just a distraction to falsely prop up Tesla stock price during declining sales.
