We Robot

The WE ROBOT event was one of the most anticipated of the year, especially for Tesla fans. However, things didn’t go as planned, as expectations were high, and the disappointment... even greater!

And how do we know the disappointment was great? From Tesla's stock, of course, which cloaws on Friday with a -9% drop! Despite the presentation of the Cybercab, the Robovan, and the advanced Optimus, something must have gone seriously wrong to provoke this reaction from investors. So, let's take a look at what exactly happened!

CYBERCAB

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The event took place at a Warner Bros studio, with Musk making a dramatic entrance in the Cybercab, Tesla's new autonomous prototype vehicle. This small vehicle had an impressive appearance, two seats, doors that open upwards like butterfly wings, and, most notably, no steering wheel or pedals.

However, this is where the questions start. Musk mentioned that Tesla plans to launch fully autonomous driving without supervision in 2025 in Texas and California for the Model 3 and Y. As for the Cybercab, he promised that production could begin in 2026, with a price below $30,000.

Why bother with the Cybercab now? 2026 is still far off! Musk presented it as a solution for robotaxis, which would lower transportation costs per mile and be safer. Essentially, drivers of services like Uber and Lyft could manage fleets of autonomous vehicles without needing human drivers. An interesting idea, but the question remains when it will become a reality.

But why did the stock drop? It sounds very futuristic! The issue isn’t just how it sounds or how good the idea is, but what information was given to the public. Musk didn’t provide clear details about where or how the Cybercab will be produced, nor when exactly production will begin. And when investors don’t have a clear picture, they tend to react negatively. The result? Tesla's stock dropped, closing on Friday at $217.80, with a total decline of -12.3% this year.

ROBOVAN & OPTIMUS

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After the Cybercab, Musk presented the Robovan, an autonomous van that can carry up to 20 people or large amounts of cargo. He sees it as a solution for high-density transportation, reducing the cost of travel to as low as $0.05 to $0.10 per mile. Certainly practical, but again... without a timeline.

Okay, what else did Elon show us? This is where the even stranger part of the event begins! As the cherry on top, Musk introduced Optimus, a humanoid robot that, according to Musk, could become Tesla’s most important product. This robot, which will cost around $25,000 to $30,000, will be able to do everything—from helping with household chores to... working in bars!

Come on now! Robots serving drinks? you might say. Yes, that’s exactly what Elon said (and showed)!

The event concluded with a dance party of Optimus robots, to show us the future Musk imagines—a future where robots walk among us and work in everyday tasks.

Watch it here

Posted Using InLeo Alpha