Cathie Wood's ARK Investment Management trimmed its stake in Tesla (NASDAQ:TSLA) and added to positions in Broadcom and Klarna Group, according to the firm's daily trade disclosures released late Wednesday.
ARK sold about 86,000 Tesla shares through its ARK Innovation ETF, reducing exposure to the electric-vehicle maker after recent share-price weakness, according to the trade report.
Seriously, don't you ever get tired of repeatedly humiliating yourself by constantly exposing your overt ignorance to the world? That's rhetorical, dummy.
Jan 20 (Reuters) - Tesla CEO Elon Musk said on Tuesday that early production rate of the company's Cybercab robotaxi and its humanoid robot Optimus will be "agonizingly slow"
Responding to a post on X about Cybercab production beginning in less than 100 days, Musk said the pace of the ramp depends on complexity, noting that production speed is inversely proportional to the number of new parts and manufacturing steps involved.
A Cybercab is a two-seater vehicle designed without manual controls, including a steering wheel or pedals.
The EV maker has said it was on track to start volume production of Cybercab in 2026, with Optimus output "hopefully" starting towards the end of the year.
Last year, Tesla launched a limited robotaxi service in Austin, Texas, using its Model Y SUVs equipped with a version of its Full Self-Driving software. Early operations were geo-fenced and included a human safety monitor in the passenger seat.
Musk has described the humanoid robot project as central to Tesla's long-term strategy, saying it could eventually dwarf its vehicle business. He has argued the robots could unlock massive new economic value by taking on a wide range of tasks that humans are unwilling to perform.
Tesla (TSLA) ended the recent trading session at $419.25, demonstrating a -4.17% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 2.06% for the day.
On the other hand, the Dow registered a loss of 1.76%, and the technology-centric Nasdaq decreased by 2.39%.
Sure would suck to be someone who bought in a month or so ago.
John Krafcik, the former CEO of Waymo, is doubling down on his criticism of Tesla’s self-driving strategy. In new comments, he is going after the hardware itself, specifically Tesla’s insistence on a “vision-only” approach.
One of the godfathers of autonomous driving argues that Tesla’s FSD has a “bad case of myopia.”
If you have been following the autonomous driving space, you know the debate: Elon Musk believes that since humans drive with eyes (cameras) and a brain (neural nets), cars should be able to do the same. Krafcik, along with the vast majority of the industry, believes that redundancy via LiDAR and radar is non-negotiable for safety.
In a new conversation with Automotive News surfacing from CES 2026, Krafcik didn’t mince words about Tesla’s sensor suite limitations: Human vision is so much more capable than the vision of a car equipped with seven 5-megapixel cameras, only one of which is narrow-view, while all the others are wide-view. So you’re basically dispersing those 5 megapixels in a way that makes the actual effective vision more like 20/60 or 20/70. The rest of the cameras in a car like that wouldn’t even pass a DMV vision test
He argued that by removing radar and ultrasonic sensors (USS) years ago, and refusing to adopt LiDAR, Tesla has “handcuffed its AI” to a data stream that is inherently noisier and less reliable than what competitors like Waymo or Zoox are using.
Krafcic added: And then you have LiDAR and radar providing completely different modalities of active sensing to complement the passive sensing from the cameras. That’s truly superhuman. With that level of data, you can do amazing things, as opposed to a car that has a really bad case of myopia, should be wearing glasses, and operates on a very limited data cycle.
We should probably take his warnings seriously. Krafcik has a track record of being right about Tesla’s self-driving efforts so far. For example, he specifically predicted the company would “fake” its Robotaxi milestones.
Back in early 2025, we reported that Krafcik warned Tesla would “fake” its Robotaxi launch, predicting they would simply mimic a working service.
He was spot on. When Tesla rolled out its pilot in Austin later that year, it was confirmed that the vehicles relied heavily on remote monitors and safety drivers, proving his theory that the system wasn’t ready for the generalized, unsupervised autonomy Musk promised.
Tesla CEO Elon Musk repeatedly said that safety drivers were just there for extra safety and would be removed a few months after the launch in June. 6 months later, in December, he said they would be removed within 3 weeks. We are now almost a month past this timeline, and Tesla hasn’t removed the safety monitor, which is a good thing considering Tesla’s Robotaxi has a high crash rate even with the safety drivers.
Now, Krafcik is suggesting that the hardware itself is the reason for that failure. He notes that without the precise depth perception of LiDAR or the velocity data from radar, Tesla’s “cameras-only” system struggles in edge cases, like blinding sunlight, heavy rain, or low-contrast environments—that wouldn’t phase a sensor-fused system.
Full interview:
Tesla has consistently missed timelines to make its system unsupervised.
Krafcik’s point about “physics vs. software” is the crux of the issue. Tesla is betting that if you throw enough compute and training data at video feeds, the car will “understand” the world perfectly. Krafcik is saying that no amount of compute can fix a camera that is blinded by the sun or covered in mud.
Given that Krafcik correctly called the “smoke and mirrors” nature of the Robotaxi launch last year, and he has decades of experience in this field, his hardware critique carries more weight.
It raises a tough question for Tesla owners: If Krafcik is right again, and “vision-only” is a dead end for Level 4 autonomy, real level 4 autonomy, not the smokes and mirror games Tesla plays, what happens to the millions of vehicles on the road today equipped with Hardware 3 and 4?
Elon has bet the farm on vision. Krafcik thinks he bet on the wrong horse. Considering Waymo is currently operating real robotaxis while Tesla is still “supervising,” the scoreboard currently favors Krafcik.
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