Tesla

Tesla Inc (NASDAQ: TSLA) said in its AI Day last night that it was working on a human-sized robot – a prototype of which it expects to launch next year. With an ability to brisk walk at 5 miles an hour and lift up to 150 pounds, the Elon Musk company expects the bot to take up tasks that require physical labour like grocery shopping.

Gene Munster’s comments on CNBC’s “Squawk Box”

According to Loup Ventures’ Gene Munster, a target of next year for the launch of the humanoid is a bit too ambitious, but he still lauds the direction in which Tesla is headed. In his interview with CNBC’s “Squawk Box”, Munster said:

“Value creation in the future is not around electrification, it’s around autonomy. Tesla has struggled there, but they are still far ahead of other carmakers in terms of AI and autonomy at large. The humanoid spoke to the ambition of this company, which is to get beyond cars. It speaks to the company that wants to go after big problems; physical labour in this case.”

Gordon Johnson remains unimpressed

During the same interview with CNBC, Tesla bear Gordon Johnson blasted the company again on its progress in full self-driving technology, a day after his research note said, “the last five Tesla days were littered with false promises that never came true and, in many cases, outright lies and deception.”

“The advantage Tesla had for years was collecting miles that the fed into their neural net algorithm, which effectively gave them a significant advantage over every other automaker. But they’re not doing that. They’re just feeding simulations into their full self-driving technology. That is miles away from what everybody thought they were doing,” Johnson remarked.

Tesla stock is about 1.0% down on the intraday chart and more than 20% down from its year-to-date high.

The post The bull and bear case after Tesla’s AI Day appeared first on Invezz.



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