GM to Halt Production of Cruise Origin Robotaxi. Robotaxi Industry is not as optimistic as Cathie Wood thinks

GM's production stoppage of the Cruise Origin comes days after Cruise announced a pause of all driverless operations nationwide.

General Motors' autonomous ridesharing operation Cruise hasn't exactly had a great few weeks. The division has been under fire from the public and regulators in recent weeks, even having its permit to offer driverless for-pay rides suspended by the state of California due to overwhelming safety concerns.

The robotaxi industry still can't move up to large scale as it is still fraught with problems and high costs. It is not as optimistic as Cathie Wood thinks. This cast serious doubts on her target price of USD2,000 for Tesla by 2027 for its robotaxi operations.