News

The recent Tesla earnings call clearly showed that the company was having serious problems. Yet enough investors bought into the hype of the new low-cost vapor car to increase the price. At the same time important execs are leaving the company, and one in a very spectacular vote of no confidence. When will investors realize they've been hoodwindked?

This article was published by Bloomberg just two days before Tesla's Q1 24 earnings call. It shows exactly how poorly Tesla was executing, with sales and revenue down significantly. But then on the Q1 call Musk states some fantasies about how their robotaxi and low cost Tesla would come out soon and the stock soared by 40%. Will be very interesting if the SEC pursues Musk for making false statements to investors.

Reuters article emphasizing that Tesla is nowhere near having robotaxi capability.

Quite a scathing article on how not only is Elon Musk's robotaxi unveiling on 8/8 (which year???) absurd, but this is the third time such an annoucement has been made.

4/5/24 was a really bad day of news for Tesla. There were articles on how badly Tesla is doing financially, how they have cancelled their much needed low-cost model, how Musk claimed that model hasn't been canceled, and how no other companies are interested in FSD. So of course Musk makes another absurd announcement to distract attention. Suddenly FSD will actually work, they will achieve full Level 4 autonomy, and the Tesla Robotaxi will be unveiled on 8/8/24. Just absurd.

Elon Musk, who has absolutely no credibility, accuses Reuters of "lying" in their verified article. Impressively, his statement caused Tesla stock to pare its decline. Additional articles on same day cover Musk's equally ludicrous claim that the Tesla robotaxi will be unveiled on 8/8/24.

In depth article by WSJ on how Tesla is no longer doing well financially. Also covers how CEO Musk has distracted Tesla with robotaxis.

Reuters is first to report that Tesla has cancelled their much need entry-level $25k Tesla model. This information is based on multiple sources and internal company messages that were seen by Reuters. Soon after Tesla CEO Elon Musk provided conflicting information, but everyone knows that his statements are completely unreliable. Other articles with statements by Musk are available here at robotaxi.rodeo .