Yes, say what you will about his abilities as a CEO (I admit that I do), Elon Musk is a great showman. That launch probably made every original Roadster into a collector's item even if it isn't cherry red.
Apparently Wozniak received an email from Musk telling hmi that he wasn't real silicon valley before Wozniak was to receive a Tesla car. Wozniak rejected delivery of that car and went to get another car. Later Wozniak did indeed purchase 2? Tesla cars. I suspect, owning Teslas or not, Wozniak has been waiting these years for Tesla to become vulnerable so that he could return Musk's volley.
You are long #Tesla due to their Autonomous driving advantage. Let's stick with that since the horrific financials don't seem to bother you.
Tesla collects data from its cars as they are driven and occasionally driving themselves. However, when there has been a crash of a Tesla driving itself, we have never seen the video of the crash. That is because Tesla's cars are not collecting video despite having only "optic sensors". It would require a large bandwidth or decent sized storage capacity for video for Tesla to be collecting useful data from its cars. I am not seeing either of those in the teardown of the Tesla autonomous driving board.
I think it fairly obvious that Tesla cars merely collect telemetry data to record what the driver or car did prior to an accident. That data isn't useful enough to train a car how to drive itself.
While other autonomous car developers are using custom servers and the best boards and chips that #NVidia can design, Tesla is making noises about making their own custom chip from scratch (#Intel isn't able to compete with NVidia or #AMD, but suddenly Tesla can?) or switching to cheaper AMD parts.
Tesla's autonomous driving capability is hype and a willingness to endanger its customers. That ought to make you suspicious about the rest of the company, sadly I doubt that it will.
Autonomous driving Level 4 and 5 is coming in the next two to three years, but Tesla is at the back of the pack and not improving from Level 2.
If they refuse to sell their $TSLA stock, what TSLA stockholders ought to do is protect their investment with long protective puts. And please diversify so that Tesla's auditors declaring a "going concern" won't destroy your retirement portfolio.
I can only hope that you have diversified. TSLA is doomed. All of my spare cash is going into shorting TSLA and I am thrilled about it because I expect to retire soon.
The Fed tends to lower interest rates when a recession is coming to recover from the recession faster. But interest rates have been so low for so long that financial institutions are hurting so The Fed has stated that they will be raising interest rates 0.25% quarterly this year. I doubt an impending recession will cause them to immediately backtrack.
As for Tesla's Model 3 mainstream electric vehicle, I have to wonder how owning an electric car would work if you live in an apartment. I am not sure Tesla could sell these cars even if they were able to make them. Low production rates might be hiding a worse sales situation.
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An Open Letter To Elon Musk
Yes, say what you will about his abilities as a CEO (I admit that I do), Elon Musk is a great showman. That launch probably made every original Roadster into a collector's item even if it isn't cherry red.
An Open Letter To Elon Musk
Apparently Wozniak received an email from Musk telling hmi that he wasn't real silicon valley before Wozniak was to receive a Tesla car. Wozniak rejected delivery of that car and went to get another car. Later Wozniak did indeed purchase 2? Tesla cars. I suspect, owning Teslas or not, Wozniak has been waiting these years for Tesla to become vulnerable so that he could return Musk's volley.
What Jim Chanos Gets Wrong About Tesla
You are long #Tesla due to their Autonomous driving advantage. Let's stick with that since the horrific financials don't seem to bother you.
Tesla collects data from its cars as they are driven and occasionally driving themselves. However, when there has been a crash of a Tesla driving itself, we have never seen the video of the crash. That is because Tesla's cars are not collecting video despite having only "optic sensors". It would require a large bandwidth or decent sized storage capacity for video for Tesla to be collecting useful data from its cars. I am not seeing either of those in the teardown of the Tesla autonomous driving board.
I think it fairly obvious that Tesla cars merely collect telemetry data to record what the driver or car did prior to an accident. That data isn't useful enough to train a car how to drive itself.
While other autonomous car developers are using custom servers and the best boards and chips that #NVidia can design, Tesla is making noises about making their own custom chip from scratch (#Intel isn't able to compete with NVidia or #AMD, but suddenly Tesla can?) or switching to cheaper AMD parts.
Tesla's autonomous driving capability is hype and a willingness to endanger its customers. That ought to make you suspicious about the rest of the company, sadly I doubt that it will.
Autonomous driving Level 4 and 5 is coming in the next two to three years, but Tesla is at the back of the pack and not improving from Level 2.
If they refuse to sell their $TSLA stock, what TSLA stockholders ought to do is protect their investment with long protective puts. And please diversify so that Tesla's auditors declaring a "going concern" won't destroy your retirement portfolio.
Uninvestable Tesla
I can only hope that you have diversified. TSLA is doomed. All of my spare cash is going into shorting TSLA and I am thrilled about it because I expect to retire soon.
Uninvestable Tesla
The Fed tends to lower interest rates when a recession is coming to recover from the recession faster. But interest rates have been so low for so long that financial institutions are hurting so The Fed has stated that they will be raising interest rates 0.25% quarterly this year. I doubt an impending recession will cause them to immediately backtrack. As for Tesla's Model 3 mainstream electric vehicle, I have to wonder how owning an electric car would work if you live in an apartment. I am not sure Tesla could sell these cars even if they were able to make them. Low production rates might be hiding a worse sales situation.