Tesla took leased cars back to use them as robotaxis, instead sold them

reuters.com

5 pointsatwrk2 comments

Not very surprising. If it wasn’t obvious before it should be by now - the person running Tesla doesn’t have integrity. He’ll do whatever he thinks is necessary to make a buck and doesn’t care about how that impacts others, including (or maybe especially?) his customers.

Tesla robotaxis are farce - a marketing gimmick intended to show Tesla in a positive light despite all their other issues.

"Next year, for sure," he added, "we'll have over 1 million robotaxis on the road."

Musk has no credibility left.

Uber has a P/E of 16 and is barely profitable *without* investing in it's own cars.

Tesla has a P/E of 160. Even if Tesla builds it's own cars, undercuts Uber on price and takes all it's marketshare (unlikely), it will takes years to reach profitability (if ever) and it's current P/E still won't be justified.

Bottom Line: There is minimal profit to be made from robotaxis and I think Musk knows this. This is just another ruse to try and keep market capitalization and justify his outlandish pay package.

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