Uber rises after underwhelming Tesla robotaxi event

CNBC's Deirdre Bosa joins 'Money Movers' to report on the public's skepticism in the self-driving capabilities of robotaxis.

[curtanthony]

Only a fool would underwrite the insurance of this and you would be a fool to trust your life to this especially if your drunk and can’t legally intervene with the machine once it fails

[vijaynadkarni]

As a Tesla fanboy who owns two recent model Teslas, upon watching the Tesla “We, Robot” event I was horrified at the CyberCab’s design. It seems that in its zeal to solve self driving Tesla has forgotten the basics of what makes for a good taxi. Only two doors, seriously - good luck seniors! The doors themselves open too wide (approx 3+ ft). It’s all too common in the city to have only 1.5-2 ft of clearance to the next car when picking up a passenger, momentarily double parked. The sloping rear roofline severely limits luggage capacity. Good luck with fitting two 30” suitcases, 2 carryons and two 35 liter backpacks (which do all fit in the trunk of a modest Honda CRV - try it). Note that in all this, I haven’t even discussed self-driving, which we had no way of evaluating.

[Fanzindel]

Robocab removes driver and still manages to cut the number of seats in half compared to a standard uber. Brilliant.

[JunlaiAiguoc]

Tesla stock dipped severally, resulting to about 23% drop in the shares value this month... I seriously need suggestions on how to diversify my $400k portfolio made up of volatile TSLA.

[theairfryermaster]

The robotaxi vehicles from companies that are already running are basically dumb machines loaded with pricey and complex sensors to map out everything around them in 360 degrees to prevent collisions similar to a robotic vacuum. However, with the chaotic traffic environment caused mainly by reckless drivers, distracted pedestrians, and grumpy cyclists, these vehicles struggle to make decisions in tricky situations and need human remote assistance. That’s not scalable at all. If you take a Waymo robotaxi out of the city it’s mapped, it can’t even move.

Tesla takes a completely different approach. Forget those expensive LIDAR sensors; Tesla uses computer vision alongside AI. As Tesla drivers are out there driving and fine-tuning the FSD system, the AI learns how to tackle complicated situations. It thinks instead of just responding to sensors. Just like humans use their eyes to observe and interpret the world and make choices based on past experiences, Tesla's AI in the FSD system uses cameras to see the surroundings in real-time and makes decisions (it thinks and reacts) in the most effective way possible for each issue it encounters.

In other words, Tesla's FSD is literally LEARNING TO DRIVE like a human would. And since this AI is learning from the experiences of thousands of drivers, analyzing their mistakes and successes, by 2025, it will be the most reliable driver on the streets. Unlike people, its calculations, decisions, and actions will happen in fractions of a second reaction times millions of times quicker than any human driver. When Tesla gets to that point, it can send its autonomous vehicles anywhere in the world, and they’ll know how to drive perfectly on roads and highways they’ve never been on before.

So, do you understand why Tesla is going to dominate this game? It’s GAME OVER for the competition.

[YukarioMashimato]

Amazing how many are complaining that the rodotaxi can't be done in New York City when it's already being done in China and South Korea. How about pushing United States to catch up instead of repeating the "it can't be done" attitude.

[montramedia]

Waymo also uses machine learning you guys dont even know what the hell youre talking about

[Nearlydone]

Uber needs to be dissolved and the owners jailed. They employ illegal immigrants on a massive scale. Robotaxi would obviously put them out of business.

[denniscarver]

I saw the clap trap and wondored why a steering wheel when it's a AV? Wow a whole 11 mile range. Should have waited.

[IbrahimKone-ixqi]

I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated.

[jonroesler]

Tesla is down and Uber is up. "Press one for..."

[sgnoogle]

Is this video sponsored by Google?

Are you seriously betting on geo-fenced robotaxis?

[rare_wubbox]

Crazy to se non of gets it.. how is that even possible??
NOONE has anything like Tesla fsd..
Tesla has several industries outmanuvered… this will be epic!
For Tesla.. NOONE else

[slyktech]

What exactly is underwhelming with having the public ride in cybercabs and having the Tesla Bot serve drinks?

[tonysales]

Uber are screwed. Tesla will eat their lunch
Mark my words.

[yidnie]

A risky bet, hopefully uber gets sued soon on what they are doing for drivers. A very greedy company. I hope the justice department will look at them as they did on google and apple.

[X-cp]

A fool and their money are easily parted with 😂, yes sell TSLA and buy Uber so I can buy TSLA at a discount 😁

[larrydugan]

I just drove my brother's FSD model Y... Simply amazing. Boy have you ever got this wrong.

[andrerodriguez]

Uber and Lyft will benefit the most with purchasing a Tesla RoboTaxi fleet. They can get rid of the over head of human drivers.

[andrew]

Tesla or Waymo; either way, just so long as we get the primates out from behind the wheel.