Posted 4/8/2024, 12:37:13 PM
Tesla's Unfulfilled Promises: Musk Hypes Future Products Amid Stock Slump and Delays
- Tesla stock has been sinking, so Musk hyped a robotaxi unveiling in August to boost shares
- Tesla has a history of unveiling prototypes years before production to generate hype and distract from current issues
- Promises of full self-driving autonomy have gone unfulfilled for over a decade
- Other announced Tesla products like the Semi and Cybertruck have seen significant delays between prototype and production
- Profitability of robotaxis and software like "Full Self-Driving" is key to Tesla's valuation, but tech remains unproven