There was a lot to talk about Tesla this week.
In terms of good news, Tesla put an impressive full self-driving video on youtube, with the car driving from A to Z without any human help. This comes with another interesting news which is the launch of robot-taxi in 2020. A pretty bold statement “if you fast forward a year, maybe a year and three months, but next year for sure, we’ll have over a million robot-taxis on the road”.
Basically, Tesla will launch an equivalent of Uber and take roughly 25% of commissions. Any Tesla owner can get the app, and Tesla will deploy some cars in areas without enough people to share their cars.
On the bad news, Tesla got the worst financial quarter since a couple of years. Tesla lost $700 millions of dollars. Tesla market shares also went lower than Ford for the first time since a couple of years too, with a 14% loss.
I think that we could conclude that Tesla is in the usual place: not very good financially but a lot of nice promises!