Elon Musk shut down internal Tesla analysis showing Robotaxi would lose money
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Re: Elon Musk shut down internal Tesla analysis showing Robotaxi would lose money
#2Making money by selling products is a lot harder than by selling hype. Throw this Friday in jail.
Re: Elon Musk shut down internal Tesla analysis showing Robotaxi would lose money
#3I used to be so upset at this king of bullshitters. Had paid for FSD I think a decade back and it never came. But now I look around and see he is a mere product of his environment. Nothing to get angry about.
Re: Elon Musk shut down internal Tesla analysis showing Robotaxi would lose money
#4[dead]
Re: Elon Musk shut down internal Tesla analysis showing Robotaxi would lose money
#5 We had lots of modeling that showed the payback around FSD [Full Self Driving] and Robotaxi was going to be slow. It was going to be choppy. It was going to be very, very hard outside of the U.S., given the regulatory environment or lack of regulatory environment.
Somewhat related, but did anyone see the EV event in China a few days ago? Have any opinions?
Re: Elon Musk shut down internal Tesla analysis showing Robotaxi would lose money
#6I think it would have been very apparent at the start of 2024 that Tesla cannot compete with the Chinese manufacturers on cost. And Robotaxi is an attempt to expand beyond the luxury car bracket before someone eats that lunch. Without the article spin, the decisions could be quite sensible for the market at that time. It also helps explain the lengths Musk has since gone to to ensure Chinese manufacturers don't get access to the US market.
Re: Elon Musk shut down internal Tesla analysis showing Robotaxi would lose money
#7Um, yeah, rolling out something that hasn't been done before (large scale robotaxi service) is going to be slow, choppy, and hard. What did they think the analysis would show? Ask Google about how hard this is even with a handful of taxis, let alone a million a year.
Re: Elon Musk shut down internal Tesla analysis showing Robotaxi would lose money
#8Making money by selling products is a lot harder than by selling hype. Throw this Friday in jail.
If BYD and China are dominant in the EV (hardware) war, then the long term strategic play is to dominate the FSD (software) war. Whether or not this is a bold strategy or massive mistake is yet to be determined.
Re: Elon Musk shut down internal Tesla analysis showing Robotaxi would lose money
#9Given the way AI is advancing it would be really dumb to not go hard on Robotaxi. That's it. That's the analysis.
If you think AI progress is going to hit a wall or Tesla's AI in particular is going to hit a wall then sure spin up a Model 2 and prepare for a long grueling endless war with BYD.
Re: Elon Musk shut down internal Tesla analysis showing Robotaxi would lose money
#10Meanwhile on wall street, one sane analyst were pegging a valuation of $424 billion for robotaxis and ARK invest projected $240 billion in ebitda for robotaxis.
Creative writing > bean counting https://www.barrons.com/articles/tesla-valuation-ai-stock-pr...