Ah, the latest brainchild of Elon Musk! I can almost hear the collective sigh of investors and car enthusiasts alike. Just when you thought you’d seen it all with Tesla’s antics, here comes the Cybercab – a vehicle that boldly goes where no car has gone before… or at least where no driver has driven before! A two-seater without a steering wheel or pedals? What’s next, a toaster that gives relationship advice?
Musk made an entrance around an hour late—classic Musk, folks! Here’s a tip for the future: if you’re going to appear fashionably late, at least bring a party hat or a magician’s rabbit. But all jokes aside, he did announce that Tesla has 21 of these futuristic vehicles available at the “We, Robot” event in Burbank. So basically, they’ve got enough Cybercabs to fill a rather underwhelming dinner party, or perhaps enough for a very awkward family reunion.
Now, while he’s promising these beauties for under $30,000, let’s be honest: the last thing we need is more autocomplete on our coding attempts—or worse, our finances. If they can produce a car that’s both affordable and without an ounce of steering, we might just redefine what ‘auto-pilot’ really means: like when you accidentally send a meme to your boss instead of your mate.
Tesla vehicles still await efficient Full Self-Driving
Now, don’t get your hopes high about Full Self-Driving. Last I checked, it’s still requiring a human supervisor—quite literally, the world’s worst case of overbearing parenting. Wolfing down a steak is easier than deciphering Musk’s promises about full autonomy. The NHTSA has been busy investigating nearly a thousand crashes. Can you imagine those meetings? “Well, yes, our cars are ‘intelligent’… just not ‘smart’ enough to avoid a fence!”
A long list of broken promises
Let’s talk broken promises. Musk declared Tesla would be fully autonomous years ago. Even my grandma knows it’s easier to promise a pie delivery than to deliver a fully self-driving vehicle! In 2015, he said three years until full autonomy. In 2016, a car across the country without any human touching the wheel by 2017. And 2020 was supposed to host a million robotaxis. Right… perhaps he meant it would be a million Australian dollars and not a million cars because that’s the only thing that’s crossed the border!
The market responds with skepticism
And here’s the kicker—Musk tries to soothe investors, saying if you doubt Tesla’s bright future, just sell your stocks! Who needs therapists when you have a billionaire using your investments as motivational quotes? But just after the event, Tesla shares dropped 8%—a strong signal that the faith is running thin, much like the coffee at a 3 AM coding marathon.
Tesla is in a tight spot. It’s a little like that one friend who constantly promises to pay you back but never does. Without solid results, they’re sitting on a high price tag built on dreams as flimsy as a café napkin. The market is glaring at them, and that’s uncomfortable, especially considering it doesn’t take kindly to dreams that flopped like a fish out of water!
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This is quite the ride, isn’t it? If you enjoyed this rollercoaster of a read, why not let your friends join the craziness? Share below and let’s hear your takes on this quirky electric adventure!
Keep your finger on the pulse, and get those notifications buzzing. It’s Tesla! You never know when they’ll drop something more absurd than this!
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And if that’s not enough chaos for one day, check out those “fallen angels” of Pfizer and Bristol Myers Squibb. Talk about pharmaceuticals having their own rollercoaster ride!
Now, let’s all sit back with our popcorn, watch the Tesla saga unfold, and hope beyond hope that Cybercab doesn’t become the next meme in the car world! Remember, folks: when life gives you lemons, trade them in for some Tesla stock!
After a decade of broken promises about driverless vehicles, Tesla CEO Elon Musk unveiled the concept Thursday evening Cybercab of the company, showing a futuristic two-seater without a steering wheel or pedals. Arriving on stage in a Cybercab nearly an hour after the “We, Robot” event began, Musk said Tesla has 21 of these vehicles available and a total of 50 “autonomous” cars at the Warner studio Bros. in Burbank, California, where the invitation-only event took place.
Despite the enthusiasm, Musk did not provide details clear on where exactly Tesla (Nasdaq:TSLA) intends to produce the cars, merely promising that consumers will be able to purchase the Cybercab for less than $30,000. However, producing a vehicle with such specifications at this price seems to be an extremely difficult undertaking without incurring losses. Additionally, Musk hinted at plans for the Robovan, an autonomous electric vehicle intended to transport up to 20 people or goods, a possible solution to high-density urban problems.
Tesla vehicles still await efficient Full Self-Driving
Despite the progress, Tesla has not yet reached the goal of fully autonomous driving. Musk promised Full Self-DrivingTesla’s driver assistance system, could be fully operational in Texas and California by next year on Model 3 and Model Y vehicles. However, Full Self-Driving still requires human supervision and its reliability has been put into question discussion.
Il National Highway Traffic Safety Administration (NHTSA) has launched an investigation into 956 crashes related to Tesla vehicles since 2018, some resulting in fatalities. The choice of terms such as “Autopilot” has led many drivers to mistakenly believe that cars are safer and more autonomous than they really are, so much so that the attorney general of California is looking into possible violations related to Tesla’s deceptive marketing.
A long list of broken promises
Elon Musk has made numerous promises about autonomous cars over the years, many of which have never come to fruition. In 2015, he announced that Tesla cars would be fully autonomous within three years. In 2016, he declared that a Tesla car would cross the country without human intervention by 2017. And in 2019, Musk told investors that Tesla would have one million robotaxi vehicles on the roads by 2020. Those promises have not come to fruition never materialised.
Despite everything, Musk reiterated in April that autonomy represents Tesla’s future, despite continuing to miss set deadlines. The “We, Robot” event was Tesla’s first major product launch following the unveiling of the Cybertruck in 2019. This vehicle also underwent five voluntary recalls in the United States, raising questions about the effectiveness of Tesla’s promises.
The market responds with skepticism
During the event, Musk sought to reassure investors by saying that “if anyone doesn’t believe that Tesla is going to solve the autonomy problem, I think they shouldn’t be an investor in the company.” However, the market reacted negatively. The day after the event, Tesla shares fell 8%a clear sign that investors are starting to lose faith in the CEO’s promises.
Tesla is at a crucial moment: it must be able to maintain its high valuation, based on future prospects that are not materializing at the moment. Without tangible results and convincing numbers, its current prices appear increasingly unjustified, as repeatedly reported in previous analyzes
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Pfizer and Bristol Myers Squibb shares: the two “fallen angels” of the pharmaceutical sector are starting a new upward trend
