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This Could Be A Death Blow For Tesla
Musk admitted he lied to everyone.
With crashing sales, plummeting profits, vehicle launches that flopped so badly they’re openly mocked in the street, a glacially slow Robotaxi rollout, and the loss of its monopolistic hold on the EV market, Tesla is on a generational downward spiral. But you wouldn’t know that from its rhetoric, or even its share price. It’s almost like reality doesn’t matter. However, that might change soon, as Musk has just admitted something that could not only put the final nail in Tesla’s financial coffin but also destroy the myth that props up its insane value. You have probably seen this news plastered everywhere by now, but Musk has confessed that, despite his previous claims, HW3 can’t achieve full autonomy, and millions of customers who bought a car with the promise that it will one day drive itself will need to upgrade. The implications of such a damning admission go a lot deeper than you might think.
But, before we dig into everything, let’s quickly recap how the whole mess started.
The Hardware Debacle
Way back in 2017, Tesla proudly proclaimed that it sold all its vehicles with “all the hardware necessary for full self-driving capability”. Owners were promised that, at some point down the line, the only thing it would take is a software…
