1/Never Forget: With $TSLA on the brink of insolvency in April 2019, Elon Musk held Tesla's "autonomy day" claiming Tesla was on the brink of level 5 autonomous driving. Musk knew at the time that this was not true but Musk desperately needed a story to raise capital.

2/On May 3rd 2019, Tesla sold $1.6 bln in convertible bonds and 3.1mm shares at $243/share (pre-split.)

3/ On the investor call for these offerings, Musk stated emphatically that Tesla would have a robotaxi network by the end of 2020. At the time he knew this was false.

This was securities fraud plain and simple. https://www.cnbc.com/2019/05/02/elon-musk-on-investor-call-autonomy-will-make-tesla-a-500b-company.html

4/ Yesterday, Musk finally admitted that there will be no Tesla robotaxis on the road in 2020. The timeline for the release of "full autonomy" software was pushed out to 2021. Hint: there will never be level 5 autonomy software released by Tesla. https://electrek.co/2020/12/02/elon-musk-extremely-confident-tesla-release-full-autonomy-some-jurisdictions-2021/