Got to watch $Tesla Motors(TSLA)$
So the announcement is that model s and x would be discontinued, which is fine in itself, maybe tesla would be more competitive by trimming the options and banking on 3 and y.
However, I believe that trying to pivot to the optimus robot will likely be the first step to tesla's eventual irrelevance. Firstly, their cars is what commonfolk know them for, a robot might not be what the actual consumers want. Secondly, this almost feels like a gamble that by committing to it, there will be some hype, but it could just as likely fizzle out because of the impracticality (vs a car or the energy storage part of tsla). Lastly, the robot would simply not have the market dominance which their cars originally enjoyed.
I think musk has the money to keep chasing his dreams, which gradually look more and more like quirky and hastily executed fancies, rather than well thought out projects (cybertruck was an absolute disaster in terms of its quality and functionality - not to mention the unnecessarily heavy focus on the aesthetics as a justification to buy it).
SpaceX would be a much better investment to pivot into. If I held tsla, I would consider cashing in and jumping on the spacex ipo in July.
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