This is excellent. This post contains many key elements disconnected from reality: -> The Cybercab's launch also raises regulatory issues, including uncertainty associated with the vehicle's lack of traditional driver compliance with federal safety standards. [...] As of Wednesday, Tesla had not filed an exemption request for the Cybercab with the National Highway Traffic Safety Administration. This is the main false assertion. We know the Cybercab does not need an FMVSS exemption, as I have explained a long time ago, thanks to the dual mode certification procedure. And this was confirmed by Lars publicly. The fact that this is still under discussion tells you a lot about the level of misinformation. -> As of Thursday night, there was no way one could specifically request a Cybercab in the Tesla ride-sharing app. This is misrepresenting reality. Tesla has announced that the rides will be open to everyone from Friday, 5 pm. In the meantime, the people invited to the event can order a Cybercab ride. -> Tesla’s Texas robotaxi fleet consists of 420 robotaxis, mostly Model Y vehicles. That’s less than half of the nearly 1,000 vehicles that $GOOGL‘s Waymo has registered in Texas. The incapability to make the difference between the current number and the growth rate, and the lack of understanding that it is the growth rate that actually matters, result in an incapability to predict what will happen next. -> Source: Bloomberg Bloomberg is used as a reference trustworthy source. Gary gives us a perfect snapshot of what mainstream people think. This is a distorted representation of reality, and we can therefore expect: - The stock to tank short-term - But reality always comes back like a boomerang. Unsupervised miles are growing at 17% WoW growth rate. We may have 2,000 Robotaxis or more in service by the end of the year at this rate, and 10,000 soon after. When reality clashes with this distorted perception, there will be a violent re-rating.