The company that straight up stole porsche car designs to build ‘their’ flagship? It’s not going to be available in the west until they can actually build their own cars.
I’m expecting the company to go out of business and all of the cars to just brick.
Might be a good move to figure out how to hack the software and/or reclaim the batteries for resale, might be kinda lucrative.
On the other hand, if they do brick overnight it might be dangerous, and I hope Tesla demonstrates some responsibility to the lives and safety of their consumers. I don’t expect them to, but I hope so.
I’m expecting the company to go out of business and all of the cars to just brick.
I agree that Tesla will not be able to maintain their current position, but currently Tesla is one of the most profitable car companies in the world. So chances they’ll go out of business anytime soon are very slim.
That said I think they are currently about at their height, with a peek market recognition advantage in EV, earned from their first models where everybody else only made tiny lame city EVs with limited range. Now the competition is catching up and even sometimes surpassing Tesla, and the EV market is in a slump. This is a very different situation for Musk and Tesla to handle, and time will show how well they do that.
Even if they don’t fail, knowing how to hack them, how to replace the Tesla computer with your own that functions without Tesla approval, how to make the car function without self driving that might lock up the tires at highway speeds… These are valuable skills to have.
I don’t trust the structural enough to use even if cheap, based on everything else. I could see breaking it down and using specific parts in a custom build using a real car as a base though.
They are “too big to fail now”. If they pop now, the ruins will be bought quickly. The car won’t be allowed to brick. But it is good to highlight the issue that modern car need to be independ of the existence of manufacturers servers. I’d go further and regulate that it must be documented protocols and you must able to change the servers used if you choose.
Same with any computer, if you don’t have admin, you don’t own it.
How would non-American consumers feel about the US government controlling there cars? Not sure all American consumers would be happy with that either. Why it’s OK for a company to have that power over your car is another issue…
Because what you really want is a car that specifically depends on long term software updates, and is frequently the target of product recalls, from a company in financial freefall.
Just curious; why individual stocks rather than index funds? Is it just the gambling aspect of it i.e. chance of a quick win or is there something more to it?
Index funds are one of the best places to put your investments but a stock like Tesla can make for some quick wins (or losses). I suppose maybe I also treat it like gambling except with true gambling you can’t beat the house but with stocks you can. It is all about the timing though and no real way to predict it reliably
But we see they sold yesterday at $150 whereas right now it’s $161. If your gamble was to buy on yesterday’s downturn and decided to sell today, you would have made $11/share. You can’t beat that with index funds (however the actual trade is a loss showing why index funds is a better choice for long term or for money you can’t afford to lose
The funny thing is, I have bought Tesla two times in my life, and both times it has fallen like a stone right after I bought it. I guess I have a gift and I should short it… :p
That’s interesting if it really is so and it’s skewing the numbers. That however doesn’t mean that it’s then less safe than average human driver. I think there’s a good chance it already is much better or for the very least soon will be. Not perfect, but really good.
From this months free trial, it does seem very good where there are lane lines. It does a great job of staying in lane, following GPS, switching lanes to pass and exit. It’s great for highway use, and I could believe it may be better than humans
Local roads around here usually only paint the center line and FSD gets closer to the edge than I’m comfortable with, although I don’t give it a chance to see if it’s actually dangerous. Similar to crossing an intersection: on my way to work I have one where the other side of the intersection is offset and there is no lane lines, so it changes lanes in the intersection. Oops, but also bad road design. Plus I have had it make a couple wrong choices when it can’t see but I can.
lmao that’s hilarious. Oh shit, i’m about to run that guy over, I abdicate all responsibility and it’s your fault! Criminals everywhere are taking notes.
It feels like something from Trailer Park Boys. Ricky is driving drunk, but right before he gets pulled over he makes Jacob or Corey take the wheel because then he’s not driving so he won’t get in trouble.
I thought Congress reacted to this by passing a law that states a self-driving system is at least partially responsible if it was in use up to something like 30 seconds before a crash…
Only one death where FSD was active. But FSD disables itself automatically as soon as it predicts an imminent collision. It literally just goes “Jesus take the wheel” and turns itself off. So Musk fanboys like you can make that exact “only one death related to FSD” argument, because Tesla absolves itself of responsibility as soon as the collision is expected.
FSD disables itself automatically as soon as it predicts an imminent collision.
… and immediately slows down. I’ve tried it during this month’s free trial and did have one disengagement. It warned that a camera might be obscured, disengaged, and immediately slowed within the lane. I didn’t let it go but fully believe it would have stopped the car. I’m not sure what else you’d want it to do if it got confused
Because on the flip side of Elon fanbois is those going full monkey brain and equating any risk at all with new thing with the new thing being worse than the old thing.
Cuz there’s a possibility that actually “FSD” may do some stupid shit from time to time (plenty of evidence on YouTube) but is still overall safer than a human driver. It’s just that monkey brain says we should spend trillions on fighting terrorism when heart disease is literally millions of times more likely to kill you.
The real numbers are that in 2023, Teslas had more crashes per car than any other automaker. Teslas clocked in at 23.54 crashes per 1000 cars. The next highest was Ram, at 22.76 per 1000. Third was Subaru, at 20.90. Those were the only three automakers with numbers over 20, and Tesla is obviously above all the others by a fairly large margin.
Then when we look at incident rates, Tesla comes in second. “Incidents” also includes things like speeding, DUIs, reckless driving, and other citations. Ram came in first at 32.90 per 1000, and Tesla came in second at 31.13. So Ram owners are more likely to get pulled over and cited, but less likely to crash.
In 2023, 322 frontal wrecks (that is, wrecks where the Tesla ran directly into something) were known to have happened immediately after the Tesla disengaged its self-driving.
Even after the price cut, theirs is still 3x the price of Mercedes’ system which works better. I have a feeling Tesla’s earnings report won’t go well this afternoon. …yahoo.com/…/tesla-earnings-q1-175358835.html
That’s debateable. The system Mercedes uses is extremely limited. It only works in certain cities during a certain time of the day on certain roads that are below certain speed limit. FSD work anywhere in the US even on roads that have not been mapped.
Drivers can activate Mercedes’s technology, called Drive Pilot, when certain conditions are met, including in heavy traffic jams, during the daytime, on spec ific California and Nevada freeways, and when the car is traveling less than 40 mph. Drivers can focus on other activities until the vehicle alerts them to resume control. The technology does not work on roads that haven’t been pre-approved by Mercedes, including on freeways in other states.
That article is weirdly worded. The Mercedes pilot is specifically meant only for traffic jams (so you can do something else while the lane crawls along). Hence all the limitations. It’s not cruise control. They have different tech for that, and it’s not level 3. The level 3 traffic jam pilot might eventually grow into level 3 cruise control but for now they’re distinct and Mercedes has not tried to pass one as the other afaik.
Tesla was overvalued when it hit 50$ pre stock split. Its continued rise over a period of years to one of the most valuable public companies is just mind boggling. But I think even now there is a lot of hesitance in shorting the stock as entire fortunes have been lost trying to predict a share price correction.
When considering shorting stocks it’s important to remember one of Keynes’ better quotes, “the market can remain irrational longer than you can remain solvent.”
Tesla is nothing more than an elaborate stock pumping exercise built on a business of selling crappy cars to techbros. It’s valuation is propped up by lies, hype and virtual signaling. It also can’t survive without copious amounts of government subsidies and low interest loans, since the car business is so capital intensive. At some point, all of these problems will come to a head. It’s a matter of when, not if, that Tesla collapses in some form. Though it may be bought out before formally filing for bankruptcy.
It would certainly increase the value of the company and the products in my eyes. Imagine if musk could make billions of dollars on his stock if he quit his job, lol. It has so much forget to fall though.
I would love to see what their vehicles could be if they let the engineers do things right. As much as that business has fallen from grace, the engineering teams have done some good things under the hood.
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