$TSLA
- Thread starter Phill Twist
- Start date
This is going to be a no good, very bad week for Elon:
1. SpaceX had an anomaly, or RUD (Rapid Unscheduled Disassembly,) (aka blown up).
2. In Shanghai, a Tesla caught on fire for apparently no good reason, but on camera.
3. Elon is publicly fighting his biggest supplier, Panasonic.
4. Earnings on Wednesday with more losses.
5. Judge is going to rule on Thursday in the SEC case.
As a positive today there is a FSD showboat investor event, telling lies about full self driving mode, what won't be done by anyone for at least 5 years.
Stock is down to $266 premarket. I still expect the stock to be range bound, but the range is going to move 20-30 bucks lower.
1. SpaceX had an anomaly, or RUD (Rapid Unscheduled Disassembly,) (aka blown up).
2. In Shanghai, a Tesla caught on fire for apparently no good reason, but on camera.
3. Elon is publicly fighting his biggest supplier, Panasonic.
4. Earnings on Wednesday with more losses.
5. Judge is going to rule on Thursday in the SEC case.
As a positive today there is a FSD showboat investor event, telling lies about full self driving mode, what won't be done by anyone for at least 5 years.
Stock is down to $266 premarket. I still expect the stock to be range bound, but the range is going to move 20-30 bucks lower.
How messed up would it be if the Chinese start sabotaging hardware after issuing those loans in hopes of collecting the collateral?
There was a similar article on SA the other day referencing studies from California IIRC.
Not so much relevant to TSLA in the short run, but it does show the stupidity of promoting personal luxury BEV ownership as a supposedly environment-friendly policy, and the snide self-indulgence of those who buy the cars to virtue signal. There's no way that using 4,000lbs of metal to move a 200lb human can be environment-friendly. Try riding a bike...
These are typical samples of mass behavior. 1 sheep jumps and the others jump because the first one jumped. But none of these sheep have any idea why the first one jumped. And they don't even wonder why as thinking is dangerous.
Same happens in trading.
I saw the video and it looked like it was a CCTV camera in a parking deck.
Maybe they parked there on purpose.
But....it seems odd that a car would spontaneously ignite on fire.
I wonder if the car was sabotaged to catch fire, 3 days before they release earnings.
It's possible it was done to manipulate the stock price.
Just an idea....
It happened here in town too. Originally the car got on fire back in February. Then a week ago they took it to a mechanic and it got on fire again. It took 4 HOURS to put it out!!!
https://pittsburgh.cbslocal.com/2019/04/17/monroeville-tesla-fire/
"“We removed the car from the garage. A Tesla engineer removed the fuse from the battery pack prior to transport, indicating that would make the car safe for transport. We brought it here to Monroeville, arrived around 3:30 in the afternoon, and about 6:20, the car spontaneously caught fire,” forensic engineer David Bizzak said."
https://www.theverge.com/2019/4/22/...vestor-comments-self-driving-cars-predictions
Tesla currently sells a “Full Self Driving” (FSD) option for $5,000 (or $7,000 after delivery), with Tesla’s recently unveiled “Navigate on Autopilot” feature that guides the car from “on-ramp to off-ramp” by suggesting and making lane changes, navigating highway interchanges, and proactively taking exits.
The company recently pushed an over-the-air software update to enable automatic lane changes without any input from the driver. And later this year, Tesla promises that cars equipped with FSD will be able to drive automatically in cities, and “recognize and respond to traffic lights and stop signs.”
The name “Full Self Driving” is just branding, and experts warn it is not representative of the car’s real capabilities. When activating Navigate on Autopilot, a warning screen pops up on the center display that reads, “Navigate on Autopilot does not make your Model 3 autonomous. Like other Autopilot features, the driver is still responsible for the car at all times.” Drivers who take their hands off the steering wheel risk disengaging the feature. Musk’s comments today have the potential to further muddy the waters with respect to how self-driving cars are discussed in public.
Most experts say that fully autonomous cars are still 10 years away, or even unachievable with Tesla’s vision-based approach. Nearly every company currently working on self-driving vehicles, including leaders like Alphabet’s Waymo, GM, and Ford, use a light-beam sensor called LIDAR. Musk calls LIDAR “a crutch,” and has long argued that it is too expensive and bulky for Tesla’s vehicles.
At today’s event, Musk went further than he ever has in bashing companies that use laser sensors. “LIDAR is a fool’s errand, and anyone who relies on LIDAR is doomed,” he said.
While investors and experts process Tesla’s presentation, many critics warn that Musk’s statements should be taken with a grain of salt — especially as it relates to full autonomy.
“Claiming that the Tesla cars have the hardware for full autonomy and only need the software is like saying that we have seeds, we just need to plow, plant, nurture, harvest and then eat,” said Raj Rajkumar, an electrical engineer at Carnegie Mellon University’s Robotics Institute. “Basically they are at the starting point — full autonomy is many years away.”
Tesla currently sells a “Full Self Driving” (FSD) option for $5,000 (or $7,000 after delivery), with Tesla’s recently unveiled “Navigate on Autopilot” feature that guides the car from “on-ramp to off-ramp” by suggesting and making lane changes, navigating highway interchanges, and proactively taking exits.
The company recently pushed an over-the-air software update to enable automatic lane changes without any input from the driver. And later this year, Tesla promises that cars equipped with FSD will be able to drive automatically in cities, and “recognize and respond to traffic lights and stop signs.”
The name “Full Self Driving” is just branding, and experts warn it is not representative of the car’s real capabilities. When activating Navigate on Autopilot, a warning screen pops up on the center display that reads, “Navigate on Autopilot does not make your Model 3 autonomous. Like other Autopilot features, the driver is still responsible for the car at all times.” Drivers who take their hands off the steering wheel risk disengaging the feature. Musk’s comments today have the potential to further muddy the waters with respect to how self-driving cars are discussed in public.
Most experts say that fully autonomous cars are still 10 years away, or even unachievable with Tesla’s vision-based approach. Nearly every company currently working on self-driving vehicles, including leaders like Alphabet’s Waymo, GM, and Ford, use a light-beam sensor called LIDAR. Musk calls LIDAR “a crutch,” and has long argued that it is too expensive and bulky for Tesla’s vehicles.
At today’s event, Musk went further than he ever has in bashing companies that use laser sensors. “LIDAR is a fool’s errand, and anyone who relies on LIDAR is doomed,” he said.
While investors and experts process Tesla’s presentation, many critics warn that Musk’s statements should be taken with a grain of salt — especially as it relates to full autonomy.
“Claiming that the Tesla cars have the hardware for full autonomy and only need the software is like saying that we have seeds, we just need to plow, plant, nurture, harvest and then eat,” said Raj Rajkumar, an electrical engineer at Carnegie Mellon University’s Robotics Institute. “Basically they are at the starting point — full autonomy is many years away.”
NVDA is already calling out Elon's bullshit:
https://www.marketwatch.com/story/n...mparison-2019-04-22?mod=BreakingNewsSecondary
https://www.marketwatch.com/story/n...mparison-2019-04-22?mod=BreakingNewsSecondary