A Boring Dystopia

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Two Tesla Robotaxis Use Center of Four-Lane Road for Pickup and Dropoff… With One Getting Stuck for 4 Minutes (fuelarc.com)

submitted 1 month ago by KayLeadfoot@fedia.io to c/aboringdystopia@lemmy.world

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Robotaxi! It's like a regular cab, but less safe.

Don't worry, there's even still a stranger sitting up front. That's because it's less safe.

Anyway, Tesla stock is trading up with 5 times the market cap of Uber and maybe 20 times the market cap of the Ford Motor Company, so mission accomplished.

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[–] N0t_5ure@lemmy.world 44 points 1 month ago* (last edited 1 month ago) (12 children)

Musk is now talking about having Tesla invest in his xAI company, which I find to be a transparent attempt to try to leverage the AI mania to prop up Tesla's stock price. Eventually this will all come crashing down, but as the saying goes, markets can remain irrational longer than you can remain solvent, so the collapse may take a while.

[–] protist@mander.xyz 17 points 1 month ago

Tesla has almost half the market cap of Alphabet. Think about how many different products and revenue streams Google has, in addition to a fully functional self-driving car business already. Compare this to Tesla, selling cars and batteries (and seemingly giving up on these products), and being way behind competitors in developing a self-driving car service.

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