Elon Musk's Robotaxi answer sheet is not satisfactory to the market: lacking key details, silent on the business model
When people came to their senses from the excitement of the morning press conference, they found that Tesla had only delivered an empty promise. The Wall Street Journal stated that Musk "provided almost no new details about Tesla's self-driving taxi business model, such as forecasts for revenue or market size."
Elon Musk's pie-in-the-sky technology is still top-notch, but investors don't seem to be buying it.
On October 10th at 10:00 am Beijing time (October 10th at 10:00 pm Eastern Time), Tesla's autonomous taxi "Cybercab" and autonomous bus "Robovan" were officially unveiled. Tesla's autonomous taxi prototype "Robotaixi" made its debut.
Musk sees the launch of autonomous vehicles as the core of Tesla's future success and valuation. It can be said that Tesla is betting the company's future on the success of Robotaxi.
However, when people came back to their senses from the excitement, they found that Tesla had only delivered an empty promise. The Wall Street Journal stated that Musk "provided almost no new details about the business model of Tesla's autonomous taxi, such as revenue or market size forecasts."
Lack of key safety details, silence on the business model, the conference seems to have failed to impress investors
On the 11th, the Wall Street Journal believed that Musk gave a rather vague answer to the regulatory issues of Tesla's autonomous vehicles at the conference.
"Musk did not elaborate on how Tesla will **address the regulatory barriers to putting autonomous vehicles on the road, only saying the company will offer the service where allowed. Due to some accidents involving autonomous vehicles, regulators have conducted more stringent reviews of related companies."
Financial media Barron's Weekly believes that Musk "said almost everything tonight that has been said before. Investors may feel that this conference lacks safety data."
The media pointed out that Tesla needed to do five things on Thursday: showcase the autonomous taxi, discuss service initiation, talk about safety data, provide details of its business model, and "provide surprises."
However, Tesla only "completed three of these five tasks," and even in these three, there was "not much discussion about how the company will deploy services, or the regulatory barriers it faces, and details on how it plans to overcome them."
"The lack of new safety or driving data that Tesla missed is obvious."
Due to the lack of useful details, the media stated that they could only give Tesla a "C-grade event rating at most."
Triple D Trading stock trader Dennis Dick said:
"Everything looks cool, but in terms of timelines, there isn't much. I'm a shareholder, and I'm very disappointed. I think the market needs a clearer timeline.
I don't think he said much... He didn't provide much information."
In pre-market trading, Tesla fell more than 4%.
