On Tesla's fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.
  • ExLisper@lemmy.curiana.net
    7·
    14 days ago

    The fact that this didn’t totally tank the stock price is insane. Last year the stock price went up because Elon said they will announce new car models “soon”. Now he says they will actually stop making cars and the price goes up again. We all knew it’s a scam but this is beyond stupid. They will pivot to a product there’s barely any market for and people still think this company is worth billions…

    As for the idea itself, someone published link to article about automated phone factory the other day. It didn’t have Optimus like robots. No company will use them. If you need to automate specific thing it’s way cheaper to make a custom robot for that than to try to use humanoid robot. Humanoid robots can be useful in the future to take care of old people but this technology is decades away. It’s another ketamine inspired idea from the greatest businessman…

  • CubitOom@infosec.pubEnglish
    2·
    14 days ago

    Nazis deserve a punch in the face, not money.

    Boycott Tesla and Nazi led companies. Do not buy their products, do not buy their stock. Ensure any investment funds you have are free of Nazis.

  • DaddleDew@lemmy.world
    2·
    14 days ago

    I’m getting strong vibes of AI companies buying up 70% of next year’s world RAM production for their future data centers that might never exist.

    Have they even figured out a use for these robots that would justify theit cost yet, other than as fancy remote controlled puppets that simulate an independently functioning robot to manipulate investors?

    I’m calling it. It’s going to be another Cybertruck fiasco. There will be a handful of early adopters who will buy them with a huge markup and then the reality that the product absolutely fails to deliver on most of its promises will slowly spread, leaving them with a huge unsold inventory.

    • Maeve@kbin.earth
      0·
      14 days ago

      Have they even figured out a use for these robots that would justify theit cost yet, other than as fancy remote controlled puppets that simulate an independently functioning robot to manipulate investors?

      Control of the masses, eg protests

    • floofloof@lemmy.ca
      4·
      14 days ago

      Apparently companies don’t need to sell or do useful products or services any more. They just sell investments.

        • Someonelol@lemmy.dbzer0.comEnglish
          0·
          14 days ago

          So… How much longer until the bottom falls out? Surely investment firms can’t keep owning shares for companies that don’t turn a profit right? It’s not like anyone would want to end up holding the bag. Tesla’s been defying all logic and reasoning these past few years.

          • RoidingOldMan@lemmy.world
            1·
            13 days ago

            If it’s a pyramid scheme, Bernie Madoff made it past 40 years. Which is quite impressive. Usually these idiots blow through the cash with dumb YOLO type spending and end up crashing the pyramid even faster.

            This idiot literally watched The Wolf of Wall Street, and then went out to try to scam people. His ponzi scheme started the exact same year the movie came out. He only made it 6 years from forming his company to defaulting on payments (2013-2019). https://en.wikipedia.org/wiki/Zach_Avery

            Again, going with the thought experiment. If Tesla is a pyramid scheme, it likely happened around 2012. So in theory we’re at year 14. If he’s as smart as Bernie Madoff, this could last another 30 years.

  • tidderuuf@lemmy.world
    1·
    14 days ago

    Arnt these the robots that they needed a team of engineers to get it to do a simple task and it failed to repeat the task on it own?

    • RoidingOldMan@lemmy.world
      1·
      14 days ago

      Tesla for years sold cars that ‘will become full self driving later’. ‘When you’re at work, you can send your car out as a taxi and it will earn money for you.’

  • BarneyPiccolo@lemmy.today
    0·
    14 days ago

    And it starts. Tesla was held up by smoke and mirrors, and now that we all know it, and him, it’s all coming apart. Nobody wants his terrible cars, anywhere in the world, and now that he has DOGEd all the investigations into his negligent manufacturing practices, they aren’t even safe.

    Now he’s killing two product lines. Tesla will be bankrupt in 2 years.