Elon Musk, Cruise Co-Founder Kyle Vogt Slam GM For Stopping Origin AV Development: '...It's Just That Their Technology Is Not At Par,' Tesla CEO Says
Portfolio Pulse from Anan Ashraf
General Motors (GM) has halted the development of its Origin autonomous vehicle, citing regulatory concerns, but Tesla CEO Elon Musk claims the real reason is GM's technological shortcomings. GM will now focus on the next-generation Chevrolet Bolt for its Cruise unit's autonomous operations. Cruise co-founder Kyle Vogt expressed disappointment, accusing GM of abandoning innovative projects prematurely.
July 24, 2024 | 10:03 am
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NEGATIVE IMPACT
General Motors has stopped the development of its Origin autonomous vehicle, shifting focus to the next-generation Chevrolet Bolt. This move is expected to reduce costs but raises concerns about GM's ability to innovate.
GM's decision to halt the Origin project and focus on the Chevrolet Bolt may reduce costs but signals potential issues in their AV technology. This could negatively impact investor confidence in GM's innovation capabilities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla CEO Elon Musk criticized GM for halting the Origin AV project, claiming technological shortcomings. This positions Tesla's upcoming robotaxi as a potentially superior alternative in the AV market.
Elon Musk's criticism of GM's technological capabilities could position Tesla's upcoming robotaxi as a more reliable alternative, potentially boosting investor confidence in Tesla's AV technology.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80