Elon Musk’s big robotaxi reveal on Thursday night went down like a lead balloon with investors today. Tesla shares fell 9%, while shares of Uber, whose business is theoretically at risk from a Tesla robotaxi, rose nearly 11% to $86. That puts Uber stock a few dollars above where it was in late March, shortly before word that Musk was accelerating his robotaxi plans sent Tesla shares into a slump.

https://www.ft.com/content/60b00f0f-37c2-4ba5-80c3-73491d71d4a9

Tesla shares fall after Elon Musk’s glitzy ‘Cybercab’ event disappoints

Elon Musk’s big robotaxi reveal on Thursday night went down like a lead balloon with investors today. Tesla shares fell 9%, while shares of Uber, whose business is theoretically at risk from a Tesla robotaxi, rose nearly 11% to $86. That puts Uber stock a few dollars above where it was in late March, shortly before word that Musk was accelerating his robotaxi plans sent Tesla shares into a slump.  https://www.ft.com/content/60b00f0f-37c2-4ba5-80c3-73491d71d4a9

Sam Mendoza

Elon Musk has moved on from cars to AI, robots and his planned Robotaxi. That has left Tesla in a lurch.

https://www.theinformation.com/articles/elon-musk-stopped-loving-cars-left-tesla-lurch?offer=rtsu-engagement-25&utm_campaign=RTSU%3A+Musk+stopped+l&utm_content=7862&utm_medium=email&utm_source=cio&utm_term=5375&rc=gzsl71

Elon Musk has moved on from cars to AI, robots and his planned Robotaxi. That has left Tesla in a lurch.  https://www.theinformation.com/articles/elon-musk-stopped-loving-cars-left-tesla-lurch?offer=rtsu-engagement-25&utm_campaign=RTSU%3A+Musk+stopped+l&utm_content=7862&utm_medium=email&utm_source=cio&utm_term=5375&rc=gzsl71

Early last year, Elon Musk decided that Tesla wouldn’t be an electric vehicle company anymore. It would keep making cars, but not the new, mass-market model that investors, many Tesla fans and his senior advisers were asking for. Instead, he would bet the company on artificial intelligence ...

How Elon Musk Stopped Loving Cars and Left Tesla in the Lurch

Todd Smith

Tesla applied for a permit with a California regulator that would allow the electric car maker to operate a ride-hailing service, Bloomberg reported. The application for the transportation charter-party permit, filed to the California Public Utilities Commission late last year, indicates Tesla would own and operate the vehicles, the report said. The application is still pending.

CEO Elon Musk has said that a Tesla robo-taxi service would be available in Austin this June. Tesla also holds a permit that allows it to test autonomous driving on California public roads with a safety driver.

https://www.bloomberg.com/news/articles/2025-02-27/tesla-sets-sights-on-waymo-uber-in-california-ride-hailing-bid?utm_source=website&utm_medium&utm_campaign=%5BREBRAND%5D+%5BTI-AM%5D+Th&utm_content=1095&utm_medium=email&utm_source=cio&utm_term=124

Tesla applied for a permit with a California regulator that would allow the electric car maker to operate a ride-hailing service, Bloomberg reported. The application for the transportation charter-party permit, filed to the California Public Utilities Commission late last year, indicates Tesla would own and operate the vehicles, the report said. The application is still pending.  CEO Elon Musk has said that a Tesla robo-taxi service would be available in Austin this June. Tesla also holds a permit that allows it to test autonomous driving on California public roads with a safety driver.  https://www.bloomberg.com/news/articles/2025-02-27/tesla-sets-sights-on-waymo-uber-in-california-ride-hailing-bid?utm_source=website&utm_medium&utm_campaign=%5BREBRAND%5D+%5BTI-AM%5D+Th&utm_content=1095&utm_medium=email&utm_source=cio&utm_term=124

Tesla Inc. is seeking approval to offer ride-hailing services in California, a key step by Elon Musk’s company to begin carrying paying customers while its traditional car-selling business falters.

Tesla Sets Sights on Waymo, Uber in California Ride-Hail Bid

Nate

Tesla Shares Rise After Musk Promises Paid Driverless Cars by June

Tesla shares rose more than 4% in after-hours trading after CEO Elon Musk said the company would deploy unsupervised driverless cars in a paid service in Austin, Texas in June and the rest of the U.S. next year.
Musk told Wall Street analysts that the company would initially deploy a Tesla-owned driverless fleet as a paid taxi service in Austin and soon after that in California. Once the company gets comfortable with how the cars are operating, Musk said, it will open the unsupervised capability to owners of Tesla cars equipped with its Full Self Driving software.
Musk has predicted driverless cars were imminent for at least five years. In pushing up Tesla’s share price, investors appeared to be responding to him for the first time giving a firm timeline just months away. No federal regulations specifically bar self-driving cars.
Tesla reported mediocre fourth quarter and annual performance. Gross profit from vehicle sales excluding regulatory credits—payments from other companies to meet government clean vehicle thresholds—was 13.6%, continuing a slidesince 2022. As recently as the first quarter 2022, the figure was 30%.
Tesla’s fourth quarter earnings per share were 73 cents, compared with 77 cents forecast by analysts polled by Tesla’s investor relations unit.

https://www.reuters.com/business/autos-transportation/tesla-shares-rise-frankfurt-despite-earnings-miss-2025-01-30/

Tesla Shares Rise After Musk Promises Paid Driverless Cars by June  Tesla shares rose more than 4% in after-hours trading after CEO Elon Musk said the company would deploy unsupervised driverless cars in a paid service in Austin, Texas in June and the rest of the U.S. next year. Musk told Wall Street analysts that the company would initially deploy a Tesla-owned driverless fleet as a paid taxi service in Austin and soon after that in California. Once the company gets comfortable with how the cars are operating, Musk said, it will open the unsupervised capability to owners of Tesla cars equipped with its Full Self Driving software. Musk has predicted driverless cars were imminent for at least five years. In pushing up Tesla’s share price, investors appeared to be responding to him for the first time giving a firm timeline just months away. No federal regulations specifically bar self-driving cars. Tesla reported mediocre fourth quarter and annual performance. Gross profit from vehicle sales excluding regulatory credits—payments from other companies to meet government clean vehicle thresholds—was 13.6%, continuing a slidesince 2022. As recently as the first quarter 2022, the figure was 30%. Tesla’s fourth quarter earnings per share were 73 cents, compared with 77 cents forecast by analysts polled by Tesla’s investor relations unit.  https://www.reuters.com/business/autos-transportation/tesla-shares-rise-frankfurt-despite-earnings-miss-2025-01-30/

Tesla shares opened up 3.6% in Frankfurt trading on Thursday, even as quarterly results at the U.S. electric vehicle maker fell short of Wall Street expectations.

Tesla shares rise in Frankfurt despite earnings miss

Bobby

Optimism about self-driving cars is back, driven by the very real success Waymo is having with its robotaxi service in markets like San Francisco. Elon Musk’s high-profile presentation last fall about Tesla’s robotaxi plans has surely fueled the new energy. 

The upbeat sentiment was palpable this week at the Consumer Electronics Show. 
While self-driving cars have been a feature at CES for many years now, the sector has had its ups and downs—the amount of time it took to get the technology right dashed early hopes. But as Nvidia CEO Jensen Huang said in his Monday keynote at CES, “After so many years, with Waymo and Tesla’s success, it’s very clear [autonomous vehicles] have finally arrived.”

Anyone wanting to understand Nvidia’s future path should watch Huang’s keynote, by the way, as it demonstrates the breadth of his ambitions—which definitely include self-driving cars, as well as #Robotics Revolution 🦾🤖🦿  more broadly. Wayne says robotics has been another big theme at CES this week. Industrial robots—those working in factories—are nothing new. But #Artificial Intelligence promises to make humanoid robots (of the kind that featured in Tesla’s presentation last fall) a reality. Huang was definitely promoting that idea on Monday, proclaiming that the “robotics era is just around the corner.”

https://www.ces.tech/videos/2025/january/nvidia-keynote/?utm_campaign=article_email&utm_content=article-14273&utm_medium=email&utm_source=sg

Robotics Revolution 🦾🤖🦿

Artificial Intelligence

Optimism about self-driving cars is back, driven by the very real success Waymo is having with its robotaxi service in markets like San Francisco. Elon Musk’s high-profile presentation last fall about Tesla’s robotaxi plans has surely fueled the new energy.   The upbeat sentiment was palpable this week at the Consumer Electronics Show.  While self-driving cars have been a feature at CES for many years now, the sector has had its ups and downs—the amount of time it took to get the technology right dashed early hopes. But as Nvidia CEO Jensen Huang said in his Monday keynote at CES, “After so many years, with Waymo and Tesla’s success, it’s very clear [autonomous vehicles] have finally arrived.”  Anyone wanting to understand Nvidia’s future path should watch Huang’s keynote, by the way, as it demonstrates the breadth of his ambitions—which definitely include self-driving cars, as well as #Robotics Revolution 🦾🤖🦿  more broadly. Wayne says robotics has been another big theme at CES this week. Industrial robots—those working in factories—are nothing new. But #Artificial Intelligence promises to make humanoid robots (of the kind that featured in Tesla’s presentation last fall) a reality. Huang was definitely promoting that idea on Monday, proclaiming that the “robotics era is just around the corner.”  https://www.ces.tech/videos/2025/january/nvidia-keynote/?utm_campaign=article_email&utm_content=article-14273&utm_medium=email&utm_source=sg

NVIDIA Keynote

Elon Musk’s Tesla and other companies in self-driving cars, such as Alphabet’s Waymo, are shaping up to be very big haves. Bloomberg reported today that Trump’s transition team has told people a “federal framework for self-driving” cars will be “one of the Transportation Department’s priorities.” That would be likely a big win for Tesla, which wants to introduce full–self-driving cars and robotaxis in the next couple of years, and for Waymo, which already has self-driving cars on the streets in a few cities, including San Francisco.

https://www.bloomberg.com/news/articles/2024-11-17/trump-team-said-to-want-to-ease-us-rules-for-self-driving-cars?sref=qvN0c6kf&utm_campaign=article_email&utm_content=article-13982&utm_medium=email&utm_source=sg

Elon Musk’s Tesla and other companies in self-driving cars, such as Alphabet’s Waymo, are shaping up to be very big haves. Bloomberg reported today that Trump’s transition team has told people a “federal framework for self-driving” cars will be “one of the Transportation Department’s priorities.” That would be likely a big win for Tesla, which wants to introduce full–self-driving cars and robotaxis in the next couple of years, and for Waymo, which already has self-driving cars on the streets in a few cities, including San Francisco.  https://www.bloomberg.com/news/articles/2024-11-17/trump-team-said-to-want-to-ease-us-rules-for-self-driving-cars?sref=qvN0c6kf&utm_campaign=article_email&utm_content=article-13982&utm_medium=email&utm_source=sg

Sam Mendoza

A group of likeminded people in The Most Important Thing are talking about this.