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Musk moves Tesla's goalposts, investors happily move shares higher (www.theregister.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 21 points 7 months ago (2 children)

This is the best summary I could come up with:

Opinion Elon Musk has a strategy and you may have seen it before: When things aren't going well, he'll say something wild to take everyone's eyes off the trouble, and raise share prices with dreams.

But give Musk a chance to toss out a flash grenade and he'll do just that: This time around with some wild predictions about his automaker producing a "purpose-built robotaxi" dubbed the "Cybercab," and Tesla's latest vision for the future as one in which it is focused on "solving autonomy."

The objective, as the billionaire tycoon described it, was to put the self-driving Cybercab on the road in short order, operating alongside privately owned Teslas being rented out for use as an autonomous taxi fleet.

As part of the robotaxi platform, privately-owned Teslas that aren't being driven by humans or autonomously chauffeuring riders around, would be added to a lake of distributed computing resources.

Tesla's shares performed worse than Boeing's in the first quarter of 2024, largely because of Cybertruck problems and missed expectations.

Toss some new robotaxi, distributing computing, self driving, and low-cost Tesla promises out there and everyone forgets the past three months.

The original article contains 764 words, the summary contains 190 words. Saved 75%. I'm a bot and I'm open source!

[–] [email protected] 27 points 7 months ago

How's he gonna start a new line when he's trying to fire 20% of the people that actual create something.

[–] [email protected] 10 points 7 months ago* (last edited 7 months ago)

Ah yes, Elon Musk has finally been delegated to his rightful title of Opinion