Tesla announced yet another round of layoffs today. News came in the typical way, an email starting “Dear Employee”. It seems “Dear Ex-Employee” would be more fitting.
Another 10,000 Employees
Don’t worry, it’s just another 10,000 employees.
Almost Like Vaporware
Clearly this is 4-D chess … in an attempt to hide the vaporware.
Cash Constraints
It think it’s order constraints. Orders are crashing.
Question of the Day: 10% or 20%?
Electrek reports Tesla (TSLA) launches another round of layoffs
Three weeks ago, Tesla started a significant wave of layoffs. The automaker announced it was laying off about 10% of its workforce. However, we reported prior to the announcement that the layoffs could be closer to 20% of the workforce once everything is said and done.
Sure enough, Tesla had another significant wave of layoffs last week.Now, we hear of yet another round of layoffs at Tesla.Several sources familiar with the matter told Electrek that workers across several departments, including software, service, and engineering, have received the dreaded “employment level” email between Friday and Sunday.
The layoffs were expected after CEO Elon Musk made an example of Rebecca Tinucci, Tesla’s former head of charging, and her entire team by firing everyone last week. After the move, he emailed other executives and told them that they would also be let go if they don’t let go higher percentages of their teams.
Balls to the Walls for Autonomous Driving
“Not quite betting the company, but going balls to the wall for autonomy is a blindingly obvious move.”
That’s an admission Tesla will give up on the entry-level market after promising for decades he would make one.
Preparation for Growth
On April 15, I noted Elon Musk Fires 10 Percent of Tesla Workforce, Prepares for “Next Phase of Growth”
Preparing for Growth
Preparing for growth by firing working is like trying to lose weight by stocking the pantry with more potato chips.
Tiresome Lies
Musk statements are no longer best viewed as excessive hype, but rather tiresome lies.
For four years running, Musk promised to make 50,000 electric semis. Tesla delivered a grand total of 100.
On April 1, I noted 4 Million Semis on the Road, Only 35 Class 8 Truck EV Charging Stations
If Musk was serious about growth, he would be expanding the Nevada Gigafactory that is supposed to build the truck.
Musk would also be expanding the number of interstate truck chargers. Musk is doing neither.
Ford to “Re-Time” New EV Production, Expand Hybrid Production
On April 4, I noted Ford to “Re-Time” New EV Production, Expand Hybrid Production
Ford announces a two-year delay, “retiming” until 2027, on new EV models scheduled for 2025. In addition. Ford will focus on a full line of hybrids.
Volkswagen EV Sales Plunge 24 Percent in the First Quarter
On April 11, I reported Volkswagen EV Sales Plunge 24 Percent in the First Quarter
Robotaxi Vaporware
The big problem for Musk is Tesla’s self-driving capability is nonexistent.
Musk is a Serial Liar
It is amazing that on the same day Musk accused Reuters of lying, he announced not the Robotaxi but rather a date (August 8) that he would announce the Robotaxi.
Tesla is Dead Last
Ever since 2016, Musk has been promising “Full Self-Driving FSD” within a year.
On April 8, I commented Tesla’s Robotaxi August Launch Will Be More Elon Musk VaporwareFSD seriously lags Waymo. For details and discussion, please click on the above link.Give Musk credit for being a genius if you like. But if you believe anything he says after all this hype you are a member of the Musk cult.
Meanwhile, In Europe
This morning, I commented Hoot of the Day: Belgium’s Ports Drowning Under Glut of Chinese EVs
Some cars are parked here for a year, sometimes more. This is another part of the escalating trade war between China and the rest of the world.
Yesterday, I commented China Produces 55 Percent of All Steel, Biden and Trump Eye Tariffs
On April 22, I cautioned A Big Deflationary Push From China But Will Biden or Trump Allow That?
China keeps returning to a well that has run dry, using exports as a means for growth. China is about to hit a brick wall, with global consequences.
Biden’s New Carbon Capture Mandates Will Cause Blackouts, Increases Prices
Finally, please note Biden’s New Carbon Capture Mandates Will Cause Blackouts, Increases Prices
The irony is staggering.
Biden wants to force everyone into an EV, but it cannot be a cheap one. If has to be an EV that costs $50,000 or more. And the price of energy will soar too.
I wonder how many Tesla employees bought houses that past few years.
“he emailed other executives and told them that they would also be let go if they don’t let go higher percentages of their teams.”
Based on the fact Musk fired Rebecca Tinucci and her entire team because she did not fire enough of her team, I can only conclude Musk wants managers to fire ALL their employees. Without employees, TESLA is only a shell of a company facing bankruptcy since debt is too high for an acquiring company to take on..
You obviously do not know how to read a balance sheet.
I think there are better technologies ahead. Toyota has battery technology that is much smaller consumes way less power. I think Tesla will be out of business by 2030. Toyota or some other established car company will end up with a better migration path that doesn’t impact buyers as much as much a full EV does. Also, I think in the longer run a tri-brid solution will work with (solar, ICE and electric).
Toyota has been hyping solid state batteries for almost as long as Musk has been hyping FSD. I have more confidence in Toyota, but still …
All roads lead to “recession”
All roads lead to EVs should not exist therefore they will stop existing.
Jeff Green you must urgently sell now!
Your rice rocket got smoked by a base model 3 again?
Funny you should mention that… one of my cars is a 911 turbo .. and a delusional friend has tried to convince me to swap into a Tesla (he has whatever the top of the line junk they sell that is rated at the bottom of Consumer Reports)…
We were talking acceleration and he was telling me – yes the acceleration is outstanding but two problems — 1. if you drive it hard you suck the battery dead quickly …. 2. You are hauling a 500kg battery … and the car is very heavy … so the last thing you want to do is corner at speed and try to slow down… it’s frightening.
I also have a Hilux and I’ve hauled 800kg in the back… this is a vehicle meant to haul…. and it is indeed frightening to go into a corner at speed and try to brake….
So no – if my mate tried to race my 911 — he’d end up into a rock cut dead.
And I’d be watching him reading a book at the fast charging station while I continued on my journey — taking a few minutes to fill up every 500 miles or so.
Teslas – useless – stupid – coal powered unreliable JUNK. Dangerous junk if driven at speed
Gosh Eddie! You’re COOL! Tell me another story about your amazing life!
I read an article earlier today highlighting that many of the layoffs were in the Tesla’s software group. I can’t seem to locate the article to provide a link. Vaporware instead.
There are only so many people who can afford a $100,000 high-performance EV. Those that can and want one, probably already have one.
It is a niche market that is already saturated.
“Right-sizing” the company is what needs to be done and he is doing it.
I just checked Edmunds and Car & Driver. The recommended Tesla Model 3 sells for $49K. The recommended Model S goes for $75K. Chevy Bolts go for $28K. I think all of these prices will decline as battery costs go down. Yes, there are too many ultra expensive ones out there, but I think we will soon see mainstream EVs at prices equivalent to ICEV counterparts.
You also need to factor in the costs for auto insurance, having a charger installed in your garage, cost of electricty for charging, cost of charging when not at home, additional maintenance expenses (frequent new tires, new battery) cost of annual registration/fees on car (some states charge based on weight of vehicle, type of vehicle and extra if you have an EV since your not paying gas tax), additional savings to pay for a brand new EV if the battery gets damaged in an accident or fire. Insurance companies only reimburse based on depreciation.
‘The quotes were £5,000 or more’: electric vehicle owners face soaring insurance costs
https://www.theguardian.com/money/2023/sep/30/the-quotes-were-5000-or-more-electric-vehicle-owners-face-soaring-insurance-costs
There is no need to have a charger installed. I had a long to and fro about that on this site. Easily done for $250. More convenient to run a 240v circuit to the garage, but not necessary.
Shh… they’re crafting a Narrative!
Home charging stations are a laughable ripoff, the equivalent of the clear coat job from the crooked car salesman in Fargo. Getting one of those is God’s way of telling you that you have too much money.
Why would the battery costs go down? Are you expecting a miracle?
Many stories including Mish’s posts about declining lithium battery prices.
‘
Race for Cheaper EVs May Face Years-Long Setback on Metal CostsCostlier lithium, cobalt and nickel could delay electric vehicles becoming as affordable as conventional cars, BloombergNEF says.
https://www.bloomberg.com/news/articles/2022-06-01/battery-price-increase-could-keep-electric-cars-expensive-for-years
On the Lariat model, the smaller battery variant has climbed by USD$7000 (AUD$10,000), while the extended-range trim has increased by a significant USD$8500 (AUD$12,200).
https://www.chasingcars.com.au/news/future-cars/ford-f-150-lightning-2023-prices-rise-by-up-to-12200-in-us-for-electric-pick-up-australian-release-unconfirmed/
Fast Eddy
Try to be more current
Those articles are from 2022
I hide everything from ol’ Fast Eddy.
Fast Eddy ain’t so fast…
My brother-in-law has a model S “Plaid” and it was $108,000 – without the self-driving package. My best guess is that there is zero profit (or less) in the lower-end model 3 – and that is the big problem.
And there will be free sno-cones for everybody in hell.
Tesla is running out of dumb wealthy customers
Not dumb. The Models S “Plaid” is a great vehicle, but the market for it is very limited. The lower-priced models are marginally profitable (at best) and that is with government subsidies. The company needs to downsize to deal with this reality. The stock is still ridiculously over-valued.
The Plaid is a classic uber luxe profit gouger for people with lots of money, but the advantage rounds down to zero. Plenty of that in the ICEV world too.
Demand for EVs is where the market says it is.
Tired of hearing about Musk Melon. Out of sight. Out of mind. I just don’t want to hear ANYthing from him/about him/ etc. Useless.
I hope Musk took a real Covid death shot and ends up like millions of others…
Are you the voice of the Hecklefish?
If Tesla bots are as good as Elon touts then they can do any j.o.b. on an assembly line. Robots manufacturing gasoline powered Tesla’s would save the company.
I drive a sports car because I like to drive. Full self driving is for vagabond mobile homes. Live mortgage free and rent free.
If it significantly lowers the accident rate then it will be adopted and might even become mandatory in certain areas. I have had too many close calls in my long driving life to have the illusion of invulnerability and know that if not for luck, I would have accidents that would have done me in but it was luck and not skill. Like every driver, I am confident in my own abilities. It’s the other drivers that scare the Hell out of me and that is precisely the appeal of having it automated.
I feel the same way about marriage. Someday marriage to a robot may become mandatory.
I wouldn’t go that far.
‘Complete meltdown’: Driverless cars in San Francisco stall causing a traffic jam https://edition.cnn.com/2023/08/14/business/driverless-cars-san-francisco-cruise/index.html
https://www.wired.com/story/cruise-robotaxi-self-driving-permit-revoked-california/
Big difference between Waymo and GM
But both way ahead of Tesla
FSD = more accidents, not fewer.
FSD will not survive real-world liability, period.
I really expected Ford and GM to run aground first – still do actually. Ford and GM seem to follow close behind Tesla. If that still holds, expect large scale layoffs at Ford and GM. They will have to cut costs massively to be competitive with Tesla.
Tesla still holds a huge advantage in only having one type of vehicle. Ford and GM have three major platforms – ICE, EV and now hybrid. Many under appreciate the complexities in running a multi platform car business.
I don’t know how the guy can run Twitter and Tesla at the same time. It’s too much for one person to focus on.
SpaceX is the star of Musk’s show.
He runs nothing. He is a fake front man to make believe the future is green and electric (powered by coal of course)
He’s exposing how little C level people actually contribute.
It’s a serious cash crunch.
They’ve overwhelmingly likely been bleeding quite a bit, on every single vehicle they ever sold. Definitely on the volume sellers; the 3 and Y in all but fully pimped trim.
When MBA students, in some years, study this one: One of the more novel and interesting particulars, will likely be just how great a share of Tesla vehicles sold, were in fact funded by gains from Tesla paper. Not exactly 4d Chess; but certainly 4d bubble blowing. Resulting in: Once the hype stops, there’s no floor under the fall at all. Just a gigantic circlejerk, inflated into the wealth-destruction stratosphere by a virtually unlimited flood of credit thrown at all participating offjerkers.
Do you even know how to read a balance sheet? Tesla has $27 billion in cash and short term paper. The current ratio is 3:1. As my long comment (with a link to the balance sheet) points out, they certainly have major challenges. But there is no “cash crunch.”
“Tesla has $27 billion in cash and short term paper.”
Along with hidden, misvalued, improperly accounted for costs and losses in every branch and sub branch of any part of the “business.”
You may end up being right that they’re not actually completely up against the wall. But even they, themselves, don’t know that as of now. Hence the panic firing and flapping about with less sense of direction than a beheaded chicken.
Of course, I’m just someone who didn’t know how to read Enron’s published balance sheets, either. Thought I did. They didn’t look bad. Until they did.
Prove it about the improper accounting. I would genuinely love to know.
So you have no evidence. You don’t like Tesla. Neither do I. The difference is that I don’t puke out baseless crap about the company.
I have been a fierce Tesla critic ever since the 1+ year delay of the Roadster and the price of $135K v the $90K that they said it would cost. I was never a fan of the Model S, which I thought had a cramped interior and a stupidly intrusive screen. The Model X with the rear gullwing doors was a joke to me. The Model Y’s towing ability wasn’t for squat once you attached a 5,000-pound trailer.
Fit, finish, mechanical reliability, and customer service have always been deficient. The Model 3 is the only Tesla I don’t hate, but even there I found plenty of faults with the one I drove. The Cybertruck is the sum of all defects, and ugly as hell. Not only that, but I live in pickup truck country in the West and drive a Ram 3500. I know trucks. Even if the Cybertruck was reliable, which it is not, it is no work truck. Suffice to say that I doubt I will ever see one in a rodeo parking lot, at least not one belonging to a roughstock cowboy or a roper towing a horse trailer, let alone on a cattle ranch. No construction company will buy them.
The idolatry from the “progressives” and stock traders was always laughable, and so is their hatred now. These things are just vehicles, and they should always have been evaluated on those terms. I have been consistent about it from Day One, and have taken all manner of crap from all sides about it.
Now, all that said, I laughed at the one tweet suggesting a cash crunch. Did that lazy nutcase ever bother to read Tesla’s latest balance sheet, fer chrissakes? Tesla has plenty of cash, and a solid current ratio. This might, and probably will, weaken. But there is no cash crunch for now.
https://www.sec.gov/Archives/edgar/data/1318605/000162828024017503/tsla-20240331.htm#i82dc7df7ab4d460898fcbe284ea03d63_79
So EV sales have hit a rough patch. That will go the other way as the current lithium batteries rapidly decline in cost and price, and vehicle acquisition cost reaches parity with ICEVs. A different technology, either solid state or liquid fuel cell, at a cheap enough cost, is needed for EVs to really replace ICEVs. But in the meantime, EVs are viable urban commuter cars and will become much more so as battery prices decline.
Tesla’s challenges are to pay a whole lot more attention to mechanical quality and service; to refresh their aging product line with cars that appeal to mainstream buyers; and to pass declining battery costs onto customers. The company, and the EV sector as a whole but especially Tesla, has exhausted the early adopter EVangelist niche, and now must do the boring stuff that the mass market demands.
They are at a crossroads for sure, but it is far too early to write them off. My longstanding criticisms of them notwithstanding, Tesla was once an experiment but is now a real company. Musk needs to attract managers from real car companies who know how to design and manufacture reliable vehicles that the big markets want. We shall see. If they can do it, no one will care about the political crap.
The last paragraph is the key one.
Musk has been fantastic at starting companies. His track record running them once they get going is not so great (PayPal was run by someone else once it got going).
Telsa will probably have to transition away from Musk to having someone else running it as an actual car company. He can spin off his Robo Taxi or FSD into new startups which is his specialty.
He needs to bring in real car guys. Easier said than done, because the Big Three have been mismanaged snakepits for a very long time. But those companies, for all their many faults, know design and auto mechanics. The EVangelists consistently underestimate just how much ICEV reliability has improved since the dark days of the 1970s and ’80s.
Tesla has gotten away with bad execution at the individual car level because of the big electric motors and the early adopter tolerance for problems, but that sun is setting. Tesla needs to understand that to really make it for the long haul, it must become a more traditional car company in the ways that ICEV buyers have long demanded.
It’s not just reliability, it’s features.
Tesla’s have none as far as I can tell. The ones I’ve been inside feel spartan to me (as a luxury car owner of Audis, BWMs and Lincolns in my past), on par with say an upper model Ford Fusion / Honda Accord / Toyota Camry. Definitely seats in my past luxury cars were nicer than any Telsa I’ve been inside.
Then there’s the fact you can’t get Sirius Satellite radio, only the Tesla radio and it has a fart noise maker for some unknown reason. Couple that with the fact there isn’t even manually adjustable air vents – you must use the touch screen so imagine when the motor for those vents fails how much that’s going to cost to repair for no real reason since no one ever said they had a problem adjusting air vents.
People like options, not cookie cutter cars. That’s going to hold Tesla back and Musk doesn’t want to do those because it costs money to make cars with options.
Remember, I am no fan of Tesla cars. I think I made that abundantly clear. The only tolerable one to me is the Model 3, and it has many flaws that would keep from buying one. Again, as I wrote, Tesla is at a crossroads between the early adopters and the mainstream.
The only difference between me and the doomsayers is that I recognize that Tesla has become a real company with more resources than many here give it credit for having. They could fail to make the transition and become one of the car companies that vanished in the 1950s and ’60s, but it will not happen right away.
The features all live in the screen and there are lots… a little 80s arcade, Netflix (which is pretty cool with that sound system), and most of the other stuff cars have now.
Aesthetically I really like the lack of button clutter, but it’s inconvenient to use the screen. Voice control works really well for a lot of things though.
There is one thing Tesla has that no other car does: I can, from my phone, cause my car to make a fart noise in the interior. I derived immense amusement from, just every now and again, triggering a single, loud, fart when my wife was driving somewhere with a car full of people. It picks a random seat to place the fart in, so people get a directional hint.
Took her over a year to catch on, and it still makes me cackle to think about.
For that one thing, I can forgive Elon for a lot… but he just keeps diggin’.
My Ram 3500 has a screen too. The difference is that the really important controls are buttons and the shifter. They did an outstanding job of combining them. Tesla’s screens are far too complicated and take the driver’s eyes off the road, endangering everyone on the road. For that and other reasons that I explained in my long comment, I would never get a Tesla unless they fixed the controls, along with a bunch of other things.
EVs make no sense – therefore they will soon not exist. It does not matter who he brings in. These is not a single advantage of owning an EV over an ICE
On the island they don’t allow internal combustion engines.
Well then… they’ll have to walk
Anyone could have a outstanding track record if all companies they started were subsidized by the government
Say what you want about Elon but he is a likeable guy. I do give him credit for his vision and multiple different cutting edge business, excep Twitter. I am not an EV fan but you have to admit he was a trailblazer. Runs off at the moutha bit much but kind of a bad hybrid of Trump and Edison.
It doesn’t matter how likeable he is or isn’t. It’s idiotic on steroids to even mention his “likeability” when evaluating Tesla. It is utterly beside the point.
He’s an idiot
Like I keep saying. It is a good stock at $28
At $185, that is a long way to fall
While it will fall 85% to get there, the rest of the bubbled ponzi stocks will only see a 60% to 70% fall so there is some good news
There is another investment idea for PD
I did own Tesla from 2019-2021. Haven’t owned it since. I have been mostly focused on energy stocks since 2020.
If you are convinced it is going to $28, you should short it now and make a bundle.
In addition which stocks will be dropping 60-70%?
Already done
All of em
If Tesla is struggling then EVs are officially dead.
Maybe in America, but not in China where they continue to sell well and for much cheaper prices.
How do you know they continue to sell well when we know that they are counting all the EVs parked and unsold after leaving the factory as sold?
https://www.bloomberg.com/features/2023-china-ev-graveyards/
Remember the empty ghost cities in China…
Try to remember China isn’t quite the same free country the US is.
If they mandate EV’s, then EVs get sold and there won’t be any more ICE vehicles because they can ban the sale of them.
For pollution reasons China pretty much as to do it because population density is orders of magnitude higher than the US and the population is not happy about the smog in the cities from cars (but they are OK with coal plants far away from cities).
Wow. That is the most uninformed statement in the history of Mish Talk.
I lived in Hong Kong/China running businesses for over two decades… most of the smog in China is not from vehicles it is from burning coal.
https://www.worldenergydata.org/wp-content/uploads/2019/10/Screen-Shot-2019-10-20-at-9.35.19-pm.png
During Chinese New Year – when the country mostly shuts down for a month — the skies are clear and blue …
If China mandates EVs…. guess what will happen to the smog levels?
New coal plants in China soar despite President Xi’s pledge to ‘strictly control’ dirtiest fuel
https://news.sky.com/story/new-coal-plants-in-china-soar-despite-president-xis-pledge-to-strictly-control-dirtiest-fuel-13112101
Duh
Could the AI craze be next……Over Promised and Under Delivered.
The promise is to keep the stawk market bubbly, and it delivers for those who jump on it first. Also, power generators must be salivating with all that expecting demand for extra electricity.
But wait, isn’t AI supposed to replace lots of humans, who will become unemployed, and twiddling your thumb doesn’t consume much electricity.
The AI craze is far from over. Every government, spy agency, and military thinks they need an AI super brain to compete. AI may never pay for itself, but the military drones need help.
The Americans must prevent Ukraine from falling behind Russia.
Ukraine is done for.
Forgot to label as sarcasm.
Perhaps irony?
Today’s economy is very much like the good old ‘hits the fan’ adage, but it is more on the magnitude of 15,000 sloshing full septic tankers pumping their contents into 1,000 Boeing jet engines at full rev.
Calling Kidhorn, calling Kidhorn, please chime in and give us the real scoop!
Apple is going down. Tesla is going down. Bill Gates is still the smart guy of the school.
Tesla used Panasonic batteries in the past in collaboration. Then screwed Panasonic over the barrel.
In China, it started using CATL batteries which have superior safety.
However, it doesn’t own the technology, but the main competitor BYD does.
Is there a problem somewhere?
Who would have guessed that alienating his core group of car buyers was a dumb idea? Musk isn’t a genius, just a guy born lucky who started to believe his own hype.
Tesla
Boring company
Star link
Space X
Neuralink
Open AI
Pay Pal
He IS a freaking genius!!!
Nicola Tesla was a genius. He died penniless.
Nicola Telsa was indeed an electrical genius. However, his business acumen was awful. He pissed away most of his money on failed projects and he tore up the royalty contract he had with Westinghouse for the rights to use his A/C patents and accepted a paltry lump sum of $216,000. Tesla may have become the world’s 1st billionaire had that contract stayed in effect.
Musk is betting wrongly if he’s staking the company future on FSD.
I’ve said it before and I’ll repeat it again. If FSD ever arrives, it will be nationalized under the guise of public safety rather than being licensed to provide Tesla profits. Even if that somehow doesn’t happen in the US, it will happen in Nannycrat Europe and plenty of other places.
Winning the FSD race gets your name in the history book of important inventions for man kind like Flemming discovering Penicillin. But it won’t be the river of cash he thinks it will be.
FSD is a left-handed push broom… a fool’s errand… and it’s inventor(s) will be mocked, not celebrated.
there’s this thing called LIABILITY… and there’s an army of desperate attorneys ready to claim, prove & enforce this thing called liability.
when hundreds of thousands of homeless vagrants figure-out that they can step in front of a FSD vehicle & get a 7-or-8-figure settlement, THE GIG IS UP.
there is no counterpoint or workaround for the intractable liability issue.
FSD will never overcome the obvious liability issues that exist in the REAL world.
FSD is a fun technical experiment w/in a controlled environment, but it is not a viable feature for a public/commercial product, period.
Why don’t they just step in front of vehicles now and get the same 6 or 7 figure settlement since drivers are required to carry insurance?
The government can make any rules they want regarding liability. Those rules can be challenged of course but there is no guarantee of winning. The courts allow a lot of leeway where public safety is concerned and if FSD proves to be safer than human drivers then you can bet it will get a lot of special rules written regarding liability for issues you just mentioned (for one thing the car records everything and someone jumping in front will be deemed a suicide and not an accident).
???
FSD means the liability rests with the manufacturer, which means DEEP POCKETS. human vs. computer/cameras. take a guess who a jury will side with, every time.
individual drivers = short pockets. human vs. human.
you don’t understand liability, at all.
Goobermint is NOT going to magically make FSD viable by regulating/eliminating liability. pipe dream.
Again, the liability for the accident is going to rest with who’s at fault.
If you jump in front of a car and that’s recorded on the cars camera it’s not the auto makers fault. It’s your fault for being suicidal.
For other accident types it will depend on the fault just as it does now. If the car owner say fails to do maintenance or has poor tires etc and that causes the accident it won’t be the auto companies fault any more than it is now. On the other hand, if the FSD software does actually cause the accident it can be at fault.
That’s why there is an investigation on every crash and in modern cars it means poring through tons of data that all cars store to see if it’s driver related vs an actual auto defect (ie things that cause recalls) vs random acts of god (tire blow out after driving over a nail type thing).
“…the liability for the accident is going to rest with who’s at fault…”.
Correct… and FSD means the liability rests with the manufacturer, period.
The circumstances of each FSD accident will not matter. The threat of “individual victim vs. evil corporation” jury trials (which are won by individuals/plaintiffs >90% of the time – circumstances/facts simply don’t matter) will doom ALL of these FSD schemes.
All those warning stickers & “safety” devices on products like lawnmowers, etc. – all the result of mfg. liability lawsuits… lawsuits that manufacturers continue to LOSE (or $ettle) at a very rate @ very high cost.
Our judicial/legal system is going to suddenly change/reverse itself because FSD is “cool”? Um, no…. not gonna happen.
I can imagine FSD being utilized to some degree by long-haul trucking @ interstate highways & logistics hubs. But FSD will not survive the liabilities inherent @ urban environments.
I suppose this is too easy…. but did he actually say August 8th of WHAT YEAR the robo taxis would be unveiled?
The number-1 selling car in California 2023 was a Tesla. Tesla was 2 of the top 5 sellers in CA. Weird huh? That tells me that overall, CA car sale numbers must be about half of what hey were in 2007…..
It also tells me that there are quite a few morons in California
Proving only that California is truly the land of fruits and nuts.
FSD is not essential for Tesla, it’s fast charging.
Also, those who charge at home, without special charger, trickle charging can take 10-24 hours.
Yeah, it’s not so hip.
Tesla’s home charging rate, using the common Level 2 technology (240v, 30A), is the same as everyone else’s. Until there are either solid state batteries or liquid fuel cells at cheap cost (not until the ’30s at the earliest) that will not change. The typical EV, including Tesla’s, can add 80% of capacity in 10 hours, which is quite adequate for home charging.
Charged using coal gas or uranium right?
I can fill up my tank with petrol in a couple of minutes.
Duh
Even if the self-driving technology comes of age, this technology, if deployed on a large scale, is a net negative…..for men. It’s incredibly bad for men, who are over represented in the ride-share industry, the trucking industry, etc. Having already been displaced in “hunting” and lost the narrative in “gathering” and increasingly falling well below the 50% threshold in college attendance, the war on men will have consequences. It already is. Large swaths of men with nothing to do is not a prescription for collective well being.
Nothing is wrong with poverty. Poverty is the natural human condition. Capitalism allows poor people to make or do something other people will pay dearly for. Prosperity rewards those who do.
AI cannot solve Captcha… there will never be self driving cars that are safe
Seems his strategy of allowing Nick Fuentes back on Twitter is not going over well with Tesla’s core sales demographic of tolerant and inclusive people. Who could have possibly known this was going to happen? /s
That was already baked into the cake for Elon when he wasn’t going to impersonate edgy beard earing guru Jack Dorsey.
How extreme can Nick Fuentes really be if he still lives in Crook County, Illinois?
When I see someone driving a Tesla I assume they are a wanker