Jalopnik – Of Course Tesla Is A Meme Stock Now
Jalopnik reports: yup, Tesla is a pure meme stock now, completely adrift from the company's financials.
Robotaxi.news
Are robotaxis the future? Or instead, the past?
Robotaxi.news
Are robotaxis the future? Or instead, the past?
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Robotaxis are not just limited by weak technology. They unfortunately also don’t make any business sense…
Read MoreJalopnik – Of Course Tesla Is A Meme Stock Now
Washington Post – Tesla sells ‘Self-Driving’ cars. Is it fraud?
Washington Post reports on how Tesla claims of 'self-driving' cars is now being called, by some, "fraud". An excellent article that explains the legal jeopardy that Tesla has been placed into by its CEO.
Inside EVs – Tesla Reportedly Delays Robotaxi Event By Two Months
Inside EVs reports that the Tesla robotaxi reveal has been delayed by a couple of months. Importantly, they also cast doubts on Tesla being able to create a robotaxi in the first place.
Bloomberg – Tesla Plans to Delay Robotaxi Event to Build More Prototypes
Bloomberg reports that for now the Tesla robotaxi "introduction" has been delayed until October. Supposedly Tesla needs more time to "build additional vehicle prototypes", though of course they likely don't have any prototypes now, nor will they in October.
Bloomberg Opinion – Only Musk’s Robotaxi Can Save Tesla Investors Now
Bloomberg opinion piece on how Tesla meeting Q2 sales projections hid a great deal of underlying bad financial news. And investors, at least some, are still falsely expecting Elon to magically pull a robotaxi rabbit out of a hat.
Treasure Island Mobility Management Agency Approves AV Shuttle Pilot Final Report
The San Francisco County Transportation Authority provides a final report for their Treasure Island autonomous shuttle test. While safe because the shuttle ran so slowly, the autonomous shuttle technology was found to be unreliable . The existing human driven 25-Treasure Island bus provides much more useful service and should be enhanced.
SF Examiner – CPUC judge approves $112,500 settlement with Cruise over SF accident
SF Examiner reports that the CPUC approved the previously agreed to $112,500 fine for Cruise for withholding information. This paltry fine will of course not affect the behavior of Cruise since it is currently burning a billion dollars a year.
Abu Dhabi Autonomous Racing League – Epic Embarrassment!
The Abu Dhabi Autonomous Racing League put on an autonomous F1 "race" recently. The hype was impressive. The results: the slowest and crashiest F1 event ever!
CNBC – Elon Musk claims Optimus robots could make Tesla a $25 trillion company — more than half the value of the S&P 500 today
CNBC reports on Elon Musk's absurd claims that Tesla could be a $25 trillion company. It also reports on how the Tesla Optimus program has only so far put out faked demos.
NY Times – China Is Testing More Driverless Cars Than Any Other Country
See original article by Keith Bradsher at NY Times Assisted driving systems and robot taxis are becoming more popular with government help, as cities designate large areas for testing on public roads. The world’s largest experiment in driverless cars is underway on the busy streets of Wuhan, a city in…
Quartz – A big Tesla investor sees robotaxis driving the stock to $2,600 in 5 years
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.
CNBC – Tesla shareholder sues Musk to return billions in alleged unlawful profits
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 – GM pumps $850 million in Cruise to keep struggling robotaxi company afloat
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.
Not only are Waymo vehicles driverless, they are often passengerless as well
Waymo tries its best to hide information from the public. But by closely looking at what little data is available from the California PUC one can see that Waymo vehicles are empty for 52% of the miles traveled. Instead of reducing VMT, they more than double it for replaced automobile trips.
Bloomberg – Tesla Robotaxi Revenue Is Likely Years Away, JPMorgan Warns
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.
