{"id":652798,"date":"2024-10-13T00:00:00","date_gmt":"2024-10-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/13\/robots-and-disappointments-are-themes-of-musks-latest-release\/"},"modified":"2024-10-13T00:00:00","modified_gmt":"2024-10-13T00:00:00","slug":"robots-and-disappointments-are-themes-of-musks-latest-release","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/13\/robots-and-disappointments-are-themes-of-musks-latest-release\/","title":{"rendered":"Robots and disappointments are themes of Musk's latest release"},"content":{"rendered":"

Musk\u2019s long-awaited <\/strong>We, Robot<\/strong> reveal left investors and analysts unimpressed.<\/strong> Elon Musk has been promising<\/a> the arrival of fully autonomous vehicles since 2016, and last Thursday\u2019s reveal<\/a> of the Cybercab was expected (by Musk) to be a pivotal moment for Tesla \u2014 but it only stoked investor doubts about Tesla\u2019s ability to deliver, said CNBC<\/a>, and resulted in a nearly 9% drop in stock shares.<\/p>\n

Not buying it, literally.<\/strong> Musk\u2019s net worth also saw a USD 15 bn dip following the event. The market reaction was swift, with analysts labeling the event \u201cunderwhelming,\u201d and others criticizing the lack of near-term updates on Tesla\u2019s Full Self-Driving feature progress.<\/p>\n

Mr. <\/strong>Promises promises<\/strong> again.<\/strong> Musk once again<\/a> aimed too high, projecting that Tesla will have the Cybercab in production by 2027 and available for under USD 30k. Analysts were quick to point out that the tech mogul provided no real details about how Tesla planned to achieve these goals, including where the cars will be manufactured or how costs would be reduced to fulfill said price tag.<\/p>\n

The event also highlighted Tesla\u2019s focus on its Full Self-Driving feature, <\/strong>with Musk stating that unsupervised FSD could be ready in Texas and California as soon as next year. Yet, much like the Cybercab, the vision for FSD is far from reality \u2014 the technology Musk insists on implementing still requires human intervention and nothing was provided to prove otherwise. Instead of using lidar<\/a> and sensor-based tech for FSD \u2014 tried and tested tech implemented successfully by several companies like Waymo<\/a>, who rolled out fully autonomous cars last year \u2014 Musk insists on relying on camera input<\/a>, notoriously susceptible to weather-related failure.<\/p>\n

The unveiling took a confusing turn with the introduction of Musk\u2019s Optimus robots.<\/strong> A fleet of humanoid robots under development by Tesla stiffly walked out<\/a> amongst the crowd as Musk promised a functional android that could \u201cdo anything\u201d including various chores, babysitting, and \u201c[serving] drinks.\u201d While Optimus robots in promotional videos functioned to implement basic tasks like watering plants, those revealed in person did nothing but wave to the audience, with a few holding a cup of ice.<\/p>\n

One more promise: <\/strong>In 2023, Musk had promised that Optimus would be performing \u201cuseful tasks\u201d and available to the public by the end of last year. The robot, according to Musk, will be priced in the same range as the Robotaxi at USD 20k, produced \u201cin high volume, ultimately millions of units,\u201d and eventually cure poverty. Musk did not provide any details on how that would be achieved.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Cybercab was expected (by Musk) to be a pivotal moment for Tesla<\/p>\n","protected":false},"author":1,"featured_media":652799,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[8831,637,633,638],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-cybercab","tag-elon-musk","tag-enterprisepm","tag-for-your-commute","wpautop","entry"],"acf":{"mongo_id":"3f559342-09f0-4fcd-82d8-274f01c37eb1","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/966.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[652793],"teaser":"The Cybercab was expected (by Musk) to be a pivotal moment for Tesla","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.70bcc0de-4a7b-495f-a58b-c0acdecd6fd0.mp3"},"yoast_head":"\nRobots and disappointments are themes of Musk's latest release - 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Ronaldo is joining the Saudi club after leaving Manchester United in November on the back of a controversial interview\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/579.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":662082,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/10\/the-imminent-downfall-of-elon-musk\/","url_meta":{"origin":652798,"position":2},"title":"The imminent downfall of Elon Musk","author":"enterpriseam admin","date":"10 March 2025","format":false,"excerpt":"Musk\u2019s empire may be more fragile than previously assumed","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/754.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554534,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/why-elon-musk-is-everyones-bnaire-of-the-year-investment-is-pouring-into-the-wrong-kind-of-climate-tech\/","url_meta":{"origin":652798,"position":3},"title":"Why Elon Musk is everyone\u2019s b\u2019naire of the year + investment is pouring into (the wrong kind of) climate tech","author":"enterpriseam admin","date":"15 December 2021","format":false,"excerpt":"Elon Musk is sweeping the Person of the Year awards: The Financial Times namedTesla\u2019s Elon Musk its person of the year for 2021 today, just a few days after Time Magazine announced that Musk would be awarded the same accolade. 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