Elon Musk’s Tesla gave investors and analysts a briefing on plans to roll out robotaxis and humanoid robots. They weren’t convinced and dumped their Tesla shares.
Earlier this year Elon Musk said that anybody who didn’t believe Tesla was going to solve autonomy shouldn’t be an investor in Tesla. After last week’s much-hyped Robotaxi event, it seems a large number of investors took his advice.
Given that he first started talking about fully autonomous vehicles in 2016, saying a fully autonomous Tesla would be driving from Los Angeles to New York in 2017, and forecast in 2019 that there’d be a million of them on the roads by 2020, Musk tends to be more than “a little optimistic”. Musk amplified the focus on robotaxis and Tesla’s humanoid Optimus robot after announcing disappointing earnings earlier this year and amid reports that it had abandoned plans to add a cheaper $US25,000 Model 2 vehicle to its range. There was no update on Model 2 at the event, with the cybertaxis apparently having been awarded priority within Musk’s planning.
Regulators in the US, after numerous accidents involving semiautonomous vehicles – including a number of fatalities – are understandably cautious about the prospect of large numbers of vehicles roaming their streets with their drivers potentially asleep behind the wheel or, if the robotaxis are ever rolled out, without drivers or steering wheels.
Those robots, which Musk said would be “the biggest product ever of any kind”, mingled with guests and poured drinks at the presentation but, it appears, were not operating autonomously but had a significant level of human supervision and control. He talked about a future where personal robots would do the grocery shopping or mow lawns. A less ambitious, but more obvious, use for the robots would be in factories.
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