{"id":11710,"date":"2025-06-24T21:06:13","date_gmt":"2025-06-24T21:06:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/11710\/"},"modified":"2025-06-24T21:06:13","modified_gmt":"2025-06-24T21:06:13","slug":"the-embarrassing-truth-about-teslas-robotaxis","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/11710\/","title":{"rendered":"The embarrassing truth about Tesla\u2019s robotaxis"},"content":{"rendered":"

Sign up for the Slatest<\/a> to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily.<\/p>\n

Tesla launched its robotaxi service on Monday in Austin, with only a few cars involved but a great deal of fanfare. The discrepancy is best explained by one Wikipedia page: \u201cList of predictions for autonomous Tesla vehicles by Elon Musk.\u201d<\/p>\n

If you are Musk, a person who is addicted to consuming every possible piece of media about yourself and who purports to hate Wikipedia for alleged \u201cfar left<\/a>\u201d bias but probably just hates it for how it portrays you specifically, this page is brutal<\/a>. So far, the article has graded 21 Musk promises or predictions that he issued with a time horizon. He has failed to meet 19 of them, and they all have this ugly shade of red on the Wikipedia table. It\u2019s just a huge pile of entries that read \u201cNo\u201d with a red X. Two of Musk\u2019s predictions have yellow resolutions indicating that Tesla kind of, sort of did what he said.<\/p>\n

Among the claims for which Musk did not come through is this one from 2019: \u201cNext year for sure, we\u2019ll have over a million robotaxis on the road.\u201d No human in the history of the world has blown more smoke up our societal ass about the coming ubiquity of autonomous cars in general and Tesla ones in particular, but on Monday, Musk did indeed put approximately 20 robotaxis on the roads of Austin, Texas\u2014five years late and at least 999,981 cars short.<\/p>\n

It now appears that Musk has gotten some bang for his buck by repeatedly talking up Tesla\u2019s robotaxi future. He has spent so many years building up expectations and failing to meet them that any tangible progress in the autonomous vehicle game looks like a breakthrough. No individual has associated himself more closely with self-driving cars while doing so little to put them on the road, but now Musk has released (the smallest beta of) a product, and investors who were eager to get excited about a Musk autonomous vehicle project have their chance. Next, we\u2019ll find out how long that can last.<\/p>\n

After an uneventful day of 20-ish cars driving around Austin with a safety monitor sitting in the passenger seat to make sure nothing went terribly awry, we can see what the news cycle has brought the company. In one day of Tesla\u2019s (sort of) autonomous taxi service operating in one city without any of its cars getting a murderous mind of their own and plunging their passengers into a ravine, Tesla stock jumped 8.2 percent.<\/p>\n

The company added $96 billion in market capitalization, a tidy $12 billion one-day bump for Elon<\/a>. This isn\u2019t quite as big a movement as the 14 percent haircut Tesla took when Musk cost the company its premium for having presumed oligarchic control<\/a> of the federal government, but it was a solid effort. (The stock was falling on Tuesday morning, and we all awaited the next climb or dip on the roller coaster.)<\/p>\n

There are execs for whom a decade of unkept promises about a specific product might become a credibility problem that drags the stock price. For Musk, it seems to have only lowered the bar, giving him a surging stock for the mere act of launching an unscaled version of something he promised half a decade earlier. It has to rule to be Elon Musk.<\/p>\n

What will come next for the robotaxis will be fascinating. Despite only a handful of Tesla\u2019s even being on the road, user videos showed enough lousy driving that the National Highway Traffic Safety Administration has gotten in touch with the company. \u201cTesla Daily,\u201d an influencer with more than 200,000 YouTube subscribers, shared a harrowing video<\/a> of the robot car cutting halfway across a double yellow line into the oncoming lane. A few months ago, it would have been hard to fathom federal authorities hassling Tesla over pretty much anything. Now, who knows.<\/p>\n<\/p>\n

In the longer term, Musk has made\u2014and you\u2019ll be shocked here\u2014some enormous claims about what robotaxis could mean to the company\u2019s future. Both Musk and some of the company\u2019s most bullish investors have used the word \u201ctrillion<\/a>\u201d in assessing how much value the robotaxi business could one day create for Tesla. He recently said that the enterprise would be like \u201cAirbnb on wheels,\u201d with a business plan that is possibly ridiculous but definitely fun: He has told people to imagine sending their robot cars on paid errands for others when their owners aren\u2019t driving them. This notion hasn\u2019t made it to the Wikipedia list of Musk\u2019s AV claims, likely because he hasn\u2019t put a deadline on himself.<\/p>\n

<\/p>\n

\"\"<\/p>\n

\n Alexander Sammon
\n It\u2019s the Car That Explains Everything About America Right Now. Elon Musk Only Wishes He Made It.
\n Read More<\/b>\n <\/p>\n

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Musk has been talking in this language for so long that it doesn\u2019t even feel quite right to parse his latest autonomous vehicle hype cycle as a way to cover for his recent political problems. This guy was selling a futuristic and profitable vision for cars driving themselves long before he became a right-wing conspiracy theorist, social media network operator, and political kingpin. But recent pressures on Tesla\u2019s business, be they electric vehicle competition or Musk\u2019s personal toxicity, have probably made robotaxis more enticing.<\/p>\n

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    The Embarrassing Truth About Tesla\u2019s Robotaxis
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    The robotaxis are at least playing in a newer market of autonomous rideshare, unlike Tesla\u2019s cars in general, which are getting more competition all the time from manufacturers that didn\u2019t always pose so much of a challenge. And while there might be tens of millions of Americans who would never consider buying a Tesla because of Musk\u2019s behavior, there are probably fewer who wouldn\u2019t let a cool robot car drive them to a bar. (I am sure that plenty of people have canceled Ubers upon seeing that they\u2019re Teslas, but we don\u2019t hear about it much.)<\/p>\n

    Autonomous taxis may or may not be a great business<\/a>. We know from Alphabet\u2019s years of developing Waymo that it takes a long time (we still don\u2019t even know how long) to sniff profitability. We know that the bar is high for both reliability and affordability, but we don\u2019t know if any company can meet both. We can predict that if Tesla and its competitors succeed in offering mass-adopted autonomous taxis, we will need more roads for those taxis to share with the current glut of human-driven cars. It\u2019s a big bet, one that will require burning many more billions of dollars to achieve and that could fail anyway. The bull market for robotaxis may not last, but the one for editors of one specific Wiki page definitely will.<\/p>\n

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