What baffles me is, well, did anyone really think they were going to release something? Really? I mean, clearly, yes, some people did, hence the price movement, but _why_?
A price movement doesn't have to mean that anyone expected something better. Tesla's beaten expectations before, so I think a reasonable person could have assigned a 10% chance that they would announce something genuinely game-changing, and a 10% chance is still priced higher than a known 0.
Right, this demo was supposed to show the future, but instead it showed the present. It would have been better for the stock if Elon hadn't done anything. "A year away".
He's got a bit of a problem in that he's said his self driving and taxis should work safer than humans using vision only but the trouble is humans are quite good at navigating the world using vision and who knows when better than human AI will turn up. Waymo etc get around it buy using lidar and the like to make the cars safer than humans even if not as smart. Maybe Musk should have backtracked on the taxis and stuck lidar on as a temporary fix till the human level AI turns up? Otherwise he's stuck with saying maybe next year.
