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Tesla CEO Elon Musk unveiled the Robovan at the company's "We, Robot" event, which saw the EV giant showcase its latest autonomous offerings. Besides the Robovan, Musk also touted Tesla's upcoming vehicle, the Robotaxi, or Cybercab, and the company's Optimus robots. The future should look like the future," Musk said of the Robovan's design. The future should look like the future," Musk said of the Robovan's design. In 2021, a Chinese autonomous driving company named WeRide unveiled its own self-driving cargo van, also called the "Robovan."
Persons: Tesla, Elon Musk, Musk, , — Tesla, WeRide, Tony Han Organizations: Service, CNBC Locations: Guangzhou, China
Tesla's "We, Robot" event left analysts with more questions than answers. Wall Street was broadly disappointed by the lack of detail, and skeptical of Elon Musk's timeframes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk's "We, Robot" event on Thursday night failed to impress several Wall Street analysts. Here's how Tesla analysts and commentators reacted to the event.
Persons: Elon Musk's, , Elon Organizations: Elon Musk's timeframes, EV, Service, Investors
After Wall Street balked at Tesla 's highly-anticipated robotaxi unveiling, CNBC's Jim Cramer told investors not to make any moves on the stock. While he said he wouldn't recommend buying Tesla after Thursday night's event flopped, Cramer discouraged shorting the stock, saying it's "dangerous to bet against" CEO Elon Musk. While impressed by the look and concept of the robotaxi, Cramer said the event's demonstration lacked substance and failed to prove its technological prowess. By Friday's close, Tesla stock was down 8.78%, and Cramer said the market's reaction speaks for itself. "Look, Tesla has a big problem: the electric vehicle market turned out to be substantially smaller than was thought," Cramer said.
Persons: Tesla, CNBC's Jim Cramer, Cramer, Elon Musk, Tesla's, Musk, Friday's, Lyft, Uber, robotaxis Locations: Switzerland
Elon Musk revealed Tesla's new robotaxis hours after Trump said he would "stop" AVs from operating. Trump expressed concerns about autonomous vehicles at the Detroit Economic Club. During his remarks at the Detroit Economic Club, Trump said he found autonomous vehicles "concerning" and promised to "stop" them from operating. "I will stop Chinese — and other countries — produced automobile and autonomous vehicles," he said. Amazon-backed Zoox received authorization from the California and Nevada DMV to operate fully autonomous robotaxis on public roads.
Persons: Elon Musk, Trump, GM's Cruise, , Elon, Donald Trump's, Musk, Zoox, Cruise, Didi Organizations: Detroit Economic, Service, Nevada DMV, Dallas Locations: California, Texas, San Francisco, Phoenix, Los Angeles, Austin, Nevada, Foster, China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Tim Higgins on Tesla's Cybercab robotaxi reveal: These kinds of events for the faithfulTim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss Tesla's Cybercab event, Elon Musk's timeline for full self-driving vehicles, and more.
Persons: Tim Higgins, Tesla's, Elon Organizations: Wall Street Journal
Waymo's ex-CEO said Tesla isn't "serious about building a safe and accessible Robotaxi business." AdvertisementIt seems former Waymo CEO John Krafcik was unimpressed by Tesla CEO Elon Musk's much-hyped "We, Robot" event. Alongside the Robotaxi, Tesla also showed off a 20-passenger Robovan and its Optimus humanoid robots. He added: "If a company were serious about building a safe and accessible Robotaxi business, it would look nothing like what was shown, or said, last night." AdvertisementMusk teased Tesla Robotaxis in 2019.
Persons: Tesla, Waymo's, Elon, , John Krafcik, Elon Musk's, Musk, Krafcik, Tesla's Robovan, Donald Trump, Phil Koopman, Horacio Villalobos, Morgan Stanley, Gene Munster Organizations: Service, Warner Bros, Fifth, Business, Deepwater Asset Management Locations: Burbank , California
Tesla's robotaxi will almost certainly face safety and regulatory questions before it comes to market. Waymo and Cruise have also encountered regulatory challenges with their autonomous vehicles. It has a permit to test autonomous vehicles with a driver on public roads in the state. "It's a problem of their own making," Phil Koopman, a professor at Carnegie Mellon University and an expert in autonomous vehicle safety, told Business Insider. A Waymo autonomous self-driving electric vehicle.
Persons: Tesla's, Cruise, , Tesla, Elon Musk, You'll, Sjoerd van, Waymo, Phil Koopman, Koopman, PATRICK T, FALLON, Uber, Kyle Vogt Organizations: Service, Warner Bros, Wal, Getty, California Department of Motor Vehicles, Carnegie Mellon University, NHTSA, Cruise Locations: Burbank , California, California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's Tesla will be facing increasing EV competition from China, analyst saysKarl Brauer, executive analyst at iSeeCars.com, says people need to see less future innovation and more actual working prototypes from Tesla.
Persons: Elon Musk's Tesla, Karl Brauer Locations: China
Shares of electric vehicle maker Tesla sank after the company's long-awaited robotaxi event — where CEO Elon Musk unveiled the firm's Cybercab self-driving concept car — failed to impress investors. Musk revealed Tesla's Cybercab concept vehicle — a low, silver two-seater, has no steering wheels or pedals — on Thursday night. The Tesla boss said the company hopes to be producing the Cybercab before 2027, but offered no details on where the cars will be manufactured. He said consumers would be able to buy a Tesla Cybercab for a price tag under $30,000. FSD, which stands for Full Self-Driving, is Tesla's premium driver assistance system, available today in a "supervised" version for Tesla electric vehicles.
Persons: Tesla, Elon Musk, Musk, CNBC's Lora Kolodny, Michael Bloom Locations: Texas, California
Tesla's humanoid robot Optimus took a starring role at the company's Hollywood robotaxi event. The robots served drinks for attendees, posed for selfies, and even danced on a stage. AdvertisementElon Musk may have unveiled the robotaxi on a Hollywood set on Thursday night — but it was Tesla's Optimus robots that had the starring role. Tesla has previously released videos of the Optimus robot performing yoga stretches, picking up an egg, and squatting. AdvertisementAt the event, Musk said he expects the Optimus robot to cost $20,000 to $30,000 in the long term.
Persons: Optimus, Elon Musk, Tesla, , Elon, Musk, Matthew Donegan, Ryan Organizations: Hollywood, Service, Warner Bros, Optimus, selfies Locations: Los Angeles
Hogner: This was very disappointing for investors.
  + stars: | 2024-10-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHogner: This was very disappointing for investors. Eirik Hogner, Partner and Deputy Portfolio Manager at Clean Energy Transition, expresses disappointment in the investor reaction to Elon Musk's Cybercab reveal, highlighting unmet expectations for autonomous technology and the vehicle's pricing.
Persons: Eirik Hogner, Elon Musk's
The movement in the patience-to-impatience investor pendulum for Elon Musk (and Tesla) has fully swung to impatience. I believe this initial negative reaction (down nearly 10%) is presenting a discount in Tesla (TSLA) shares and I want to use options to create short-term income while I wait for a short-term bounce. Tesla plans to introduce full self-driving (FSD) capabilities in California and Texas as early as Q1 2025, pending regulatory approvals. The trade Tesla is a stock that has become more intensely emotional as Musk is in the news daily. I want to capture the emotion in today's tape by utilizing a Risk Reversal options strategy which takes the premium I am collecting from the put option I am selling to finance and buy the call option.
Persons: Tesla's, Elon Musk, Tesla Organizations: Optimus, The, CNBC, NBC UNIVERSAL Locations: California, Texas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's Robotaxi ambitions have 'nothing to do with Tesla': Ross GerberRoss Gerber of Gerber Kawasaki explains why he does not like Tesla's robotaxi business and says that Elon Musk's behavior has "turned off" EV buyers.
Persons: Elon Musk's, Tesla, Ross Gerber Ross Gerber, Gerber Kawasaki, Elon Organizations: Elon
Elon Musk just unveiled Tesla's Robotaxi at the company's "We, Robot" event in Los Angeles. Elon Musk showed off Tesla's upcoming driverless taxi at its "We, Robot" on Thursday evening. Musk walked into the event and entered a sleek-looking silver Robotaxi, a two-door vehicle that opened upward with butterfly-style doors. The unveiling of Tesla's latest vehicle is a major milestone for the company and has been highly anticipated for years. In 2016, Musk said during a press call that a Tesla vehicle would autonomously drive from Los Angeles to New York City by 2017.
Persons: Elon Musk, , Robotaxi, Tesla, Musk, Optimus, Uber Organizations: Service, Warner Bros, Elon, Twitter, Traffic, Administration Locations: Los Angeles, Burbank , California, California, Texas, York, New York City
The Trump administration “sent us several samples of test kits,” Kremlin spokesperson Dmitry Peskov told reporters on Thursday, broadly supporting Woodward’s claim. Many countries were doing the same.”The Kremlin’s response seemingly contradicts Trump’s denial of Woodward’s claims. In a statement, Trump spokesman Steven Cheung said Trump gave Woodward “absolutely no access” for the book. Citing a Trump aide, Woodward also reported that there have been “maybe as many as seven” calls between Trump and Putin since Trump left the White House in 2021. Woodward’s claims once again throw scrutiny on Trump’s relationship with Putin, weeks before the US presidential election.
Persons: Donald Trump, Bob Woodward’s, Vladimir Putin, Trump, , Dmitry Peskov, Woodward, Trump “, Putin, Abbott, , ” Putin, ” Trump, ” Peskov, he’s, Steven Cheung, Woodward “, Bob Woodward, Peskov, ventilators, Woodward’s, Kamala Harris, Howard Stern, You’re, ” Harris, Elon Musk Organizations: CNN, Trump, ABC News, Putin, White House, Trump White, Kremlin, Democratic, Locations: Russia, United States, Woodward, Moscow, Ukraine
That law, the Uniformed and Overseas Citizens Absentee Voting Act (UOCAVA), requires that states allow eligible Americans who live overseas to vote in federal elections. Heckel pointed out that the suit was filed two weeks after counties Pennsylvania began mailing ballots to military and overseas voters "and baselessly challenges Pennsylvania law, which provides clear procedures for processing applications by overseas voters." The lawsuits come as former President Donald Trump and his allies have begun to sow doubts about overseas voting. Last month, Trump claimed on Truth Social that Democrats would use overseas voting laws to "cheat," a baseless theory Elon Musk also shared on X last week. “Traditionally, we think of overseas voters as military voters who might skew Republican.
Persons: Guy Reschenthaler, Dan Meuser, Glenn Thompson, Lloyd Smucker, Mike Kelly, Al Schmidt, Schmidt, , Jocelyn Benson, who’ve, Michael Whatley, Patrick Gannon, ” Gannon, , Angela Benander, it’s, Matt Heckel, Heckel, Donald Trump, Trump, Elon Musk, Kamala Harris, , Jonathan Diaz, Diaz, scapegoating, ” Diaz, Democrats —, Rick Hasen, Hasen, ” Hasen Organizations: Republican National Committee, Republican, North Carolina State Board, Michigan Democratic, Republicans, Uniformed and Overseas Citizens, North, Michigan Department of State, PR, Pennsylvania Department of, Pennsylvania, Social, ” Overseas, Democrats, Democratic, UCLA School of Law, NBC Locations: Michigan, North Carolina, Pennsylvania, U.S
The company behind the game Cards Against Humanity is aiming to one-up Elon Musk with its plan to pay blue-leaning swing-state residents who make voting plans and agree to publicly condemn Donald Trump. On a website created by the game company, eligible voters are asked to provide their personal information, which is then checked against voter data that the company said it bought from a data broker. Cards Against Humanity is also selling a $7.99 card game expansion pack with cards themed to the election. Cards Against Humanity, a popular card game that features offensive and sexually explicit jokes, has increasingly taken a progressive political stance. The Cards Against Humanity website said it is “exploiting a legal loophole.” It also took aim at Musk directly, writing that registered swing-state voters could participate in his PAC's program and list Cards Against Humanity as their referrer — compelling Musk's PAC to send the company money.
Persons: Elon, Donald Trump, , Musk, Richard Hasen, , they’ll, we’ll Organizations: Humanity, company’s, Trump, PAC, UCLA School of, NBC, SpaceX Locations: America, PA, AZ, NC, Texas, U.S, Mexico
Baseless conspiracy theories about weather modification and false claims about disaster relief efforts have continued to spread on X in recent days, with misinformation about Hurricane Milton adding to a mountain of false rumors about Hurricane Helene and its aftermath. Greene has not deleted her posts referencing the conspiracy theories. In response to the challenges to Greene’s false claims, her deputy chief of staff, Nick Dyer, defended them, saying that she was actually the victim of conspiracy theories. “So when these people are espousing misinformation and conspiracy theories, then it’s like, ‘Oh, OK, well, maybe it’s true. FEMA is working to slow the spread of hurricane misinformation online.
Persons: Hurricane Helene, Marjorie Taylor Greene, , Greene, , Joe Biden, Greene’s, “ It’s, Hugh Willoughby, , ” Willoughby, ” Leila, Nick Dyer, Milton, Hurricane Milton, Donald Trump, Jim Jordan, Elon Musk, Angelo Fernández Hernández, Shauna Bowes, ” Bowes, ’ ” Bowes, Helene, Deanna Criswell, ” Criswell Organizations: X, NOAA, National Oceanic, Atmospheric Administration, Republican, Florida International University, Hurricane Research Division, NBC, University of Washington’s Center, Hurricane, FEMA, U.S . Ohio, Federal Emergency Management Agency, Services Program, Customs, Disaster Relief, Congress, DHS, Institute, Strategic, ISD, Homeland Security, Vanderbilt University, North Carolina Department of Public Safety Locations: Florida, Saginaw , Michigan, U.S, London, Asheville , North Carolina
In today’s edition, senior White House reporter Peter Nicholas looks at where Kamala Harris' campaign thinks it can pick up support with the vice president's media blitz this week. Plus, senior political editor Mark Murray breaks down how Harris and Trump voters think "change" means very different things this election. They want to see her more, and we’re engaging with that and want to continue to do that,” a Harris campaign aide said. One of the sources described the Keystone State as a “problem spot” for the Harris campaign. Read more → Follow live updates from the campaign trail →That’s all from the Politics Desk for now.
Persons: Peter Nicholas, Kamala Harris, Mark Murray, Harris, Peter Nicholas Vice, Howard, Stephen Colbert’s “, “ We’ve, , Donald Trump’s, Miller, Colbert, she’s, ” Harris, Floridians, CBS’s, Trump, Read, Peter → 📈, hite, tate, ord, ake, rump., ike “, Rea, usk., shaw Organizations: NBC, White House, Capitol, Trump voters, CBS, Democratic, Weather Channel, CNN, Univision, USA, Suffolk University, aig Locations: Hurricane Milton, Las Vegas, Nevada, Arizona, ord, osh
Absurd and comical rescue images that appear to have been made with artificial intelligence have sprung up on social media this week as Hurricane Milton hit Florida, a reaction to the earlier proliferation of more realistic fake images related to Hurricane Helene. But as technology has advanced, fake images generated by AI have continued to proliferate on the internet, at times making it easier for false information to spread online. Public officials even cautioned Floridians this week to beware of AI-generated images that falsely depict conditions on the ground. The inspiration for the hurricane rescue images meme format apparently stems from a viral post from a public official on X, who shared a fake image of a child crying while holding a puppy with a flooded backdrop amid Hurricane Helene, which some recirculated as if it were real. In one meme image posted by an X user, former President Donald Trump appears to be dropping a basket of puppies over a body of water.
Persons: Milton, Hurricane Helene, Helene, Amy Kremer, Kremer, doesn’t, , Donald Trump, Trump, Elon Musk’s Organizations: Disney, Public, Republican National Committee Locations: Florida, Georgia, Hurricane Milton, , BlueSky
Hurricane Milton leaves a trail of destruction in Florida. Milton sweeps through Florida after a destructive landfallFlorida communities are waking up to destruction left by Hurricane Milton as the storm tore through the state — the second major hurricane to hit in two weeks. More Hurricane Milton coverage:Milton intensified at one of the fastest rates in recorded history. ➡️ An NBC News poll found Harris and Trump voters see their candidates representing “change” but in very different ways. The iconic Tropicana casino was imploded to make way for a proposed $1.5 billion stadium to house the Oakland Athletics ahead of the team’s planned move to Sin City in 2028.
Persons: Milton, Hurricane Milton, Sheriff Keith Pearson, ” Pearson, , Tom, Helene, Dan ”, Hurricane Helene, Dow Jones, pare, Nasir Ahman Tawhedi, Tawhedi, Biden, Harris, Donald Trump riled, Kamala Harris, Trump, Marxist ”, ” Trump, “ Somebody, , , ➡️ Trump, ➡️ Harris, Glock, Josh Shapiro, Elon Musk, Kari Lake, Ruben Gallego, Maya Huter, — Rich Bellis, you’re, Elizabeth Robinson Organizations: CIA, Las, Hurricane, Field, Tampa Bay Rays, West Palm Beach, Florida National Guard, Hurricane Milton, NBC, Federal, Wall Street, FBI, U.S ., ISIS, Republican, Trump, Harris Former, Marxist, Democratic Party’s, ➡️, Democratic Rep, Arizona Senate, Tropicana, Oakland Athletics, Sin City, Walmart Locations: Florida, An Afghan, Milton, Siesta, St . Petersburg, West Palm, Lucie County, U.S, Tampa, Hurricane, Afghanistan, Scranton , Pennsylvania, Harris, Scranton, Colorado , California , Illinois, New York, Pennsylvania, Arizona, Sin
After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company's Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Musk offered no details about exactly where Tesla plans to produce the cars, but said consumers would be able to buy a Tesla Cybercab for below $30,000. FSD, which stands for Full Self-Driving, is Tesla's premium driver assistance system, available today in a "supervised" version for Tesla electric vehicles. Musk also revealed plans to produce an autonomous, electric Robovan that can carry up to 20 people, or be used to transport goods. He said the Cybercab and Robovan would employ inductive charging, meaning these autonomous vehicles could roll up to a station to recharge, with no plugging in required.
Persons: Elon Musk, Musk, Tesla Organizations: Tesla, Warner Bros, FSD Locations: Burbank , California, Texas, California
With Tesla's hotly anticipated robotaxi event hours away, investors will soon get a glance at what CEO Elon Musk has called the CyberCab. The event comes a week after Tesla reported third-quarter deliveries of 462,890, lifting the number to 1.35 million for the year so far. For all of last year, Tesla reported deliveries of 1.81 million. Gene Munster of Deepwater Asset Management told CNBC's "Fast Money" on Wednesday, that he'll be at the event and expects to test the robotaxi. Tesla was once seen as a pioneer in autonomous vehicle development, but has never managed to deliver or demonstrate robotaxi technology.
Persons: Elon Musk, The Beverly Hilton, Tesla's, Tesla, Garrett Nelson, They're, Gene Munster, CNBC's, He's, Alphabet's, Morgan Stanley Organizations: SpaceX, Tesla, The Beverly, Warner Bros, CFRA, RBC Capital, Deepwater Asset Management Locations: Beverly Hills , California, U.S, Burbank , California, CFRA, Munster
Elon Musk unveils his ‘Cybercab’ robotaxi
  + stars: | 2024-10-10 | by ( Chris Isidore | ) edition.cnn.com   time to read: +5 min
The event featured models of the robotaxi as well as a Robovan, a driverless vehicle designed to carry a larger group of people or items. TeslaBut the delay seemed to matter little to the in-person crowd waiting for the chance to ride in the 50 self-driving vehicles that were cruising around the studio lot. Tesla has long offered what it calls Full Self-Driving or FSD, currently priced at $8,000, as an option on its cars. Musk has insisted that the company’s data shows that FSD is already safer than cars driven by humans. ‘Overly optimistic’This is certainly not the first time that Musk has laid out ambitious time frames for his plans for self-driving cars.
Persons: Elon Musk, Musk, Tesla, , , FSD, ” “, Gene Munster, it’s, ” Munster Organizations: New, New York CNN, Warner Bros, Deepwater Asset Management, CNN Locations: New York, California, Texas
Elon Musk unveils the "Cybercab" at Tesla robotaxi event
  + stars: | 2024-10-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk unveils the "Cybercab" at Tesla robotaxi eventTesla hosts its 'We, Robot' event on Thursday at Warner Bros. Discovery's movie studio in Burbank, California. Elon Musk rolled up to the stage in what he said was a "Cybercab" with no steering wheel or pedals. Tesla has produced 21 of these vehicles, he said, characterizing them as "fully autonomous."
Persons: Elon Musk, Tesla Organizations: Warner Bros, Elon Locations: Burbank , California
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