No. of Recommendations: 0
Huh?
Of course, robotaxi is not yet available to the public.
Robotaxi is available to the public.
Tesla hasn't applied for ride hailing permits in any jurisdiction that I'm aware of
They are offering rides to the public.
no new models have been introduced
... and I kinda hope they don't. The more affordable vehicles were a Plan B in case they couldn't get FSD going. I'd rather they retool the vehicle and make it into more Robotaxis. Take out the steering wheel etc. They'll be making $100K plus per vehicle (instead of 5K) by converting the line to taxis. I estimate the demand for Robotaxis at 100 million units. Of course it could be that they are just behind in the rollout. Supply chains have been disrupted and they never have enough engineers around.
sales were down a lot in Q2
BYD might be a good comparison in terms of how well Tesla's sales are doing. Could be that the Democratic/media disinformation campaign had had a material effect as well. People don't like being cussed at by strangers and having their cars vandalized ... as I have. (Normally, it's only friends that treat me that way.)
and it looks like there are problems with Optimus
Progress in Optimus has been rapid. They iterate fast, moved on to v3. The rockets blow up until they stop blowing up.
Now that Robotaxi is up and running. Still early, but, it looks like it'll be cheaper, faster, smoother, more comfortable and more stylish than Waymo. It's becoming increasingly obvious that Tesla will Netflix them. Not even worth mentioning Uber ... they have no chance. I've seen this before: in the airline industry. No room for a strong second when it comes to networks; even when competitors have similar costs and products one company ends up dominating. In this case, and Tesla with the superior product, they look like a monopoly for any market they choose to enter. Musk has indicated they'll charge "market rate." What that means is they'll squeeze the competition until they win and then raise prices to maximize profit. (That's what airlines do in their hubs.) Another analogy for Buffett fans is the old newspaper business. Turns into a money printer once you become a monopoly.
If you think someone else can build a robotaxi ... think again. Neural nets are the right solution and only Tesla can do it. It takes a massive data center, software team, millions of properly equipped vehicles, billions of miles of data and the ability to service, distribute, charge and communicate with the fleet. Everybody else is five years behind.
Amazing to me that someone could try and spin the great year Tesla is having into a negative. I think you need to check your diaper.:)
