16-02-2023, 18:55
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#385
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 68
Services: Premiere Collection
Posts: 43,620
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
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Originally Posted by Damien
General fall in tech stocks that were overvalued during COVID. The average drop since the start of the year is 30%. Tesla is also more vulnerable than Apple/Microsoft/Google as so much of its promise was unproven, based on the idea it could eventually dominate the electric car space, and that's being undermined by the progress of the traditional car makers. People are starting to correctly see Tesla as a car company rather than a technology company and it's undermining its value.
The drop in the last month though - 35% instead of the average of 8% for other companies - is being put down to concerns over Musk's dedication to Telsa and his erratic behaviour. He also sold a lot of stock himself over the last month which spooks existing shareholders obviously.
I think personally the order of importance is:
- Telsa was overvalued, other car companies are catching up, people don't see Tesla dominating in the way they had hoped
- General Stock Market Correction
- Musk
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https://www.cnbc.com/2023/02/16/tesl...e-crashes.html
Quote:
Tesla recalls 362,758 vehicles, says Full Self-Driving Beta software may cause crashes
- Tesla is recalling 362,758 vehicles and warns that its experimental driver-assistance software, marketed as Full Self-Driving Beta, may cause crashes.
- The recall notice was posted on the website of the National Highway Traffic Safety Administration on Thursday.
- Tesla will deliver an over-the-air software update to cars to address the issues, the recall notice said.
The FSD Beta system may cause crashes by allowing the affected vehicles to: “Act unsafe around intersections, such as traveling straight through an intersection while in a turn-only lane, entering a stop sign-controlled intersection without coming to a complete stop, or proceeding into an intersection during a steady yellow traffic signal without due caution,” according to the notice on the website of the National Highway Traffic Safety Administration.
The FSD Beta system may also have trouble responding appropriately “to changes in posted speed limits,” the notice said…
… Tesla lets thousands of drivers try new and unfinished driver assistance features on public roads in the U.S. through FSD Beta. The technology does not make Tesla electric cars autonomous, nor safe to drive without a human at the wheel ready to brake or steer at any second — despite the brand name.
Only Tesla owners who have the company’s premium FSD driver assistance system installed in their cars can join the FSD Beta program. That option now costs $15,000 up front or $199 per month in the U.S. today.
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Impressive business model - get the users to pay to debug your software…
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