So now it begins…

[Trigganometry]

Couple of articles have hit the news today about autonomous driving Teslas. Not good ether!

Fails to stop for child and runs it over https://amp.theguardian.com/technology/2022/aug/09/tesla-self-driving-technology-safety-children

US agency probes Tesla crashes that killed 2 motorcyclists https://ksltv.com/501782/us-agency-probes-tesla-crashes-that-killed-2-motorcyclists/amp/

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[Colo_Ranger]

Couple of articles have hit the news today about autonomous driving Teslas. Not good ether!

Fails to stop for child and runs it over https://amp.theguardian.com/technology/2022/aug/09/tesla-self-driving-technology-safety-children

US agency probes Tesla crashes that killed 2 motorcyclists https://ksltv.com/501782/us-agency-probes-tesla-crashes-that-killed-2-motorcyclists/amp/

I'm not absolving Tesla of their part, but people are ignorant thinking they don't have to pay attention anymore. I have long said that 'autopilot' won't be a viable option until all vehicles have it controlled by a single system (read: iRobot).

 

[deleriumtremor]

I'm not absolving Tesla of their part, but people are ignorant thinking they don't have to pay attention anymore. I have long said that 'autopilot' won't be a viable option until all vehicles have it controlled by a single system (read: iRobot).

That is actually at the heart of Tesla’s and Elon Musk’s problems.

Musk always seemed to conflate their $12K Full Self Driving option with fully autonomous. They even ran ad’s promising future FSD capabilities with seemingly fully autonomous function.

To make matters worse, their announcements of “beta” releases again, conflated generally accepted industry definitions with something different by Tesla definitions. Is anyone surprised some consumers misunderstood what their car was actually capable of, just as they looked up in horror to realize, they must have misunderstood what Elon was talking about? Boom!

I think Elon is a very bright guy, unfortunately he seems to have a penchant for playing cat and mouse with just about anybody in a position of authority regulating his businesses.

My position is his odds of a good outcome for himself and Tesla are smaller today than say 10 years ago and sadly it is pretty much all on him.

 

[dtech]

Lots of envy on here regards Tesla and Elon Musk, if you want to know the honest truth every automaker on the planet is also envious and trying to play catch up . Sure there are some issues and setbacks but very minor when one looks at the overall picture, read em and weep and perhaps turn green:

https://www.wardsauto.com/industry-news/numbers-tell-story-who-s-best-car-company-world
https://seekingalpha.com/article/4516743-heres-why-tesla-is-poised-to-become-the-first-10t-company
https://www.investopedia.com/articl...hat-makes-teslas-business-model-different.asp
https://hbr.org/2020/02/how-tesla-sets-itself-apart
https://www.thedetroitbureau.com/20...umer-reports-2022-owner-satisfaction-ratings/
https://www.cbinsights.com/research/report/elon-musk-companies-disruption/

 

[deleriumtremor]

Lots of envy on here regards Tesla and Elon Musk, if you want to know the honest truth every automaker on the planet is also envious and trying to play catch up . Sure there are some issues and setbacks but very minor when one looks at the overall picture, read em and weep and perhaps turn green:

https://www.wardsauto.com/industry-news/numbers-tell-story-who-s-best-car-company-world
https://seekingalpha.com/article/4516743-heres-why-tesla-is-poised-to-become-the-first-10t-company
https://www.investopedia.com/articl...hat-makes-teslas-business-model-different.asp
https://hbr.org/2020/02/how-tesla-sets-itself-apart
https://www.thedetroitbureau.com/20...umer-reports-2022-owner-satisfaction-ratings/
https://www.cbinsights.com/research/report/elon-musk-companies-disruption/

From your first two posts, I didn’t expect you to get it, so I will just say that if you have a strong conviction in Tesla and you are long and strong Tesla stock, I wish you good luck, you may need it.

If this was late May 2007 and we were debating Sub Prime Mortgages, MBS, and I was saying be careful being overweight with Lehman Brothers, you might have done a similar Google search and come up with a list of hits, likely the most impressive would be a recent testimony by one of the smartest people in the world, Ben Bernanke to Congress, where he said, “The problems with subprime mortgage defaults was well contained”.

Interestingly enough, I just saw today a segment on CNBC’s Fast Money where they had Danny Moses on and they asked him what his most convicted short position was, he answered, “Tesla”.

You appear to know how to use Google, maybe give it a shot with something like “Danny Moses, the big short”

If you come up short on the search, or perhaps just too sure of yourself to let any negative nellies in on your trade, Danny Moses was the guy who actually put all those short trades on just before the financial crisis of 2008 that caused Lehman Brothers to go bankrupt.

Or just call up The Big Short on your favorite streaming service, very entertaining movie and a real good lesson on Wall Street and how everybody being on the same side of the boat can get you all wet, you do know what happens when everybody is on the same side of the boat don’t you?

Good luck with you investing career.

 

[deleriumtremor]

Just in case somebody who is speed reading this thread and comes to the incorrect conclusion that my position is Tesla is going out of business or Elon Musk will be broke in the near future, let me perfectly clear.

What I have been talking about are risks to Tesla the company (and thereby, risks to its stock price) and risks to Elon Musk’s financial status, not that Elon is going broke tomorrow.

Tesla is at more risk today than it has been since Elon tweeted he was taking the company private at $420, “funding secured”. It wasn’t that post or the fantasies it contained that put Tesla the company at risk, it was the fact that in the same timeframe, Tesla was running out of cash very rapidly and was very close to bankruptcy, by Elon’s own account. After they righted the ship with outside capital, it was just a good story for one of the most successful entrepreneurs in the history of capitalism to tell at dinner parties.

I am just saying that Tesla has entered a period where it is again at significantly elevated risk, especially if you take the precarious position one of its largest stock holders has (Elon himself) with perhaps having to raise 10’s of billions of dollars to make a Delaware court happy with regard to his TWTR offer.

Will Elon once again save the day in this looming cliffhanger? I am not saying to be like Danny Moses and bet against him, because that is the very deep end of the pool.

All I am saying is the risk he may not save the day on this one is a real possibility.

 

[D Fresh]

the AI system needs more than faded paint lines to be a viable system.

Exactly my point. Yet another case of cart before the horse.

 

[D Fresh]

i haven't been following the ideas closely, but wasn't there an imbedded magnet idea?

imagine how long it would take to update our road systems across the continent with magnets?

I'm sure GPS will continue to play a role, but its accuracy will need to be very tight tolerances....and then the bad guys of the world will be able to guide their dirty bombs with equal accuracy.

I cant even imagine the brain activity of the engineers trying to figure this out.
most days i cant even decide if my coffee mug is 10oz or 12oz for the keurig.

I think it'll continue to suck as long as everybody is doing their own thing. For this to work there needs to be an agreed upon infrastructure.

 

[D Fresh]

agreed

but they cant even get a universal charge cord yet.

I think Europe finally got that done. Maybe there is hope.

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