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Ex-Waymo CEO is not impressed by Tesla's Robotaxi
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I don’t understand /r/technology’s sudden obsession in day to day stock market movements

Cause it's literally all of Musk's value. His whole richest man gimmick is built upon Tesla stock. It fell cause the cyber truck was garbage and still is. It's a failed vehicle. But it was never supposed to be their bread and butter. They still make good EV sedans that sell well and do look good. So it doesn't actually hurt Tesla that the lame ass cyber truck failed.

The robotaxi situation though is trying to break into a market and if it fails that's a legitimate amount of R&D ending as a waste regardless of cost. If the Tesla robotaxi fails either they spent a ton and it bombs or they didn't spend enough and it bombs and in both avenues it's bad.

Tesla is strangleheld by Musk up top, but if it's just a car company then investors will sour in the coming years as Tesla loses EV share in the market. Tesla NEEDS to show tech advancement somewhere especially after Musk acquired Twitter and has decided to be hardcore political.

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1 month ago