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2019 AI Hype Countdown #1: Tesla’s Robotaxis—Tales of a Phantom Fleet

Musk put out a tweet on December 22, saying “Sorry, it's been a bit of a struggle.” At last, a claim we can unreservedly believe

Because Tesla has yet to make a yearly profit in any of its sixteen years of existence, it depends on capital raises of various forms (equity, debt, etc.) to stay in business. Capital raises require big promises and Tesla’s overstatements about its self-driving cars are always good for a few billion.

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Self driving car on a road. Autonomous vehicle. Inside view.

Elon Musk Walks Back Full Self-Driving Claims

His Q3 earnings call with investors was a stark contrast to earlier claims about a robotaxi fleet

Of course, Musk blames other people for “misconstruing” his claims. This certainly isn't the first time he has palmed off responsibility for his own mistakes onto others.

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word taxi (2)

Even Elon Musk Can’t Get a Robotaxi These Days

His recent earnings call makes clear that few think his promised million-taxi fleet is real-world
I get the feeling that even Musk's faithful followers are beginning to doubt the hype and are instead focusing on the core business aspects, the questions Musk dismissed last year as boring. Read More ›