The article discusses the recent decline in Tesla’s stock price and whether it is a temporary correction or a sign that Elon Musk’s ambitious promises about robotaxis and artificial intelligence (AI) are falling short. It highlights that Tesla’s stock has fallen over 60% from its peak in November 2021, with some investors questioning Musk’s ability to deliver on his bold claims. The article mentions that Musk has promised a robotaxi service by 2024, but experts are skeptical about the timeline and feasibility of achieving full self-driving capabilities. It also notes that Tesla’s AI team has faced challenges, with some high-profile departures and concerns about the company’s ability to attract top AI talent. The article suggests that the stock decline could be a “Big Short” moment, referring to the 2008 housing market crash, with investors betting against Tesla’s lofty ambitions.
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