Musk Ignored Advice from Tesla Executives to Not Pursue AI Robots and Just Concentrate on EV Sales – Tesla Now on Brink of Collapse
I have been a minority voice since the end of 2022 stating that investment in AI was a huge financial bubble for the Tech sector, and specifically that Elon Musk was a huckster trying to sell science fiction for the future which was never going to come true. Today, I would guess that at least 50% of the investors in "Big" Tech and Tesla in specific now agree with me, if not the majority. It is truly hard to comprehend why anyone would continue to invest in the hype of Elon Musk's AI promises, which continue to fail. It reveals a cult-like faith in Musk among investors that defies the evidence that can be so clearly seen by many others. Earlier this month The Information technology publication published an explosive article revealing that Tesla's own executives, referred to as "lieutenants", had warned Musk that his ideas for a Robotaxi would lose money and not be profitable. Instead, they urged him to pursue the goal of making Tesla cars more affordable for the masses. But Musk ignored them, and invested more in AI against their advice. Tesla is not the only American technology company that is facing economic disaster. All of the "Magnificent 7" technology companies are now in real danger of crashing, especially the computer chip company Nvidia. As I reported at the beginning of this year (2025), China now leads the U.S. in 57 of 64 critical technologies. Trump wants to punish China with tariffs to try and correct this imbalance, but to do so, he needs to destroy the U.S. economy in the process, something he actually admits to.