Tesla at the Crossroads: Why Musk Chose Robotaxi over Model 2 (opens in new tab)

I know that there's only so much engineering talent to go around, and the CEO would rather spend it on his rocket. But I'd think that the Model 2 wouldn't require a super-powered team.

Is it another foolish and saboteurial pivot?

Will the only biggest GigaPress in Texas be necessary for continued operations on this Cyber Gen Xer one, too?

A lot of Tesla's revenue came from selling regulatory emission credits to other manufacturers. In 2024, this amounted to almost $3 billion.

Now, all government support is gone --- along with customer good will. Global Tesla vehicle sales are declining even as overall EV sales are rising. Full Self Driving isn't.

All Tesla has left now is hope and hype. But not to worry, Wall Street is still pouring money in.

Tesla stock is priced as if it is the world's largest auto manufacturer, the leading robotics company, the largest ride share company and the premier AI vendor.

But absolutely none of this is anywhere close to being true. In my opinion, Tesla is a hugely over inflated bubble just waiting to pop.