Good summary of the current state of things.

https://twitter.com/ElonBachman/stat...27513843871745

The fraud is coming unraveled (even the out-of-their-minds bulls like heltok or ChipRick would realize that FSD is pure fraud) and there will be hundreds of millions in liability for the Fully Self Driving fraud alone.

That lady is a tool. Most product launch cancels are initiated by the firm itself, typically because the firm decides it is incapable of delivering a viable product.

Ya, its not to say there isnt a tech following but i find this to be true as well

Isn't the viability of full self driving a large part of their valuation? Was it the cancellation of a launch, or was it the removal of an existing product that was already being sold?

They've been fraudulently selling Fully Self Driving for several years, promising it in "3 to 6 months", claiming a hardware upgrade wasn't need.

Musk (the moron) a few days ago touted Tesla's next chip, coming in "about 6 months" with "500% to 2000%" better performance, which will finally enable fully self driving. He said current cars will be upgraded free of charge.

Today they remove the Fully Self Driving option from all orders. There is also an ongoing lawsuit about their autopilot/Fully Self Driving fraud. They've taken hundreds of millions of dollars for a non-existent, impossible-to-exist feature, using lies that amount to serious criminal fraud. They'll likely have to pay it back.

But Wood says tsla is the next Apple because Musk is designing his own chips and they have a three year head start on level 5 data, so this has to be worth $4000 ps.

Wow nice drop from $280 back near lows $256 sentiment turned bear again. Expecting Musk blowup any day now especially if drops below $250.

Man what is wrong with you? There is no way any logical thought process gets to that conclusion


Even TMC is freaking out about this

Is there any reason they wouldn't have to pay it back?

To elaborate, nothing tesla has ever done or said or even remotely pretended to do should lead you to the conclusion that they are just coming clean on their own here

Don’t think so. Self driving tech is years away and regulatory approval even further out.

FSD was on presale. That should be obvious. It’s not that relevant anyway with regards to the dumb idea companies don’t pull products “UNLESS” government pressures them to. See voluntary recalls.

Is there anything special about $250? $tsla seems to have support around there. I've seen talk of Musk receiving a margin call at $240. What is that about and could it be related?

Its unlikely he wouldn't just pledge more shares


Unsure about the 250 support, not a huge TA believer past the "optics" of a 2 handle vs 3 handle and maybe round numbers like 250

Gotcha, thanks. Yeah i didn't mean "support" in a TA-type of way

Crazy Days and Nights is at it again......I wonder what the liability is on the FSD paybacks, could be huge....just another day in Musk-land.

FRIDAY, OCTOBER 19, 2018
Blind Item #9
An entire alphabet soup of Feds have been paying much more attention recently to our celebrity CEO and his company. There is a certain, very expensive option, which his company was hyping to customers, for a few extra thousand dollars. The problem was that this option didn't really exist, and never really would. Very recently, the Feds quietly reached out to the company, and told them to end this charade or else. The company just abruptly stopped offering this non-existent option, and may owe consumers hundreds of millions of dollars.

http://www.crazydaysandnights.net/20...item-9_19.html

I thought Elon told us a year ago that it was 6 months away.

So, right on schedule or ahead of schedule?

I doubt even Tesla fanboys expect "Full Self Driving" any time soon.

Just go back in this thread about 12-18 months to find out.

So what happened to the full self driving option? Is it now included for free in their cars? Did they roll the functionality of it into the "enhanced autopilot?" Or are they removing full self driving completely from the cars? Is it hardware or software? I remember when you went to order a model 3, you could choose 2 optional things, one was $3k and one was $5k. Now they just have the $5k option (or $6k if you do it later).

Fully self driving was total bull****, another lie from the liar and conman, Elon Musk.

Musk admitted a few days ago that the current hardware/chip can't do FSD after saying for years it could.

Today they pulled the $3000 FSD option they've been selling for years and promising "soon".

A lawsuit is currently ongoing over Musk's fraud with FSD. Might be related. Might not.

A good article that shows how everything I said about Musk is true. He's a total dickhead who has no real skills apart from well-honed conman abilities. He's incompetent at coding, incompetent at manufacturing, incompetent at managing, incompetent at details. He's brilliant at creating a cult of personality however that the media and losers lap up.

https://www.cnbc.com/2018/10/19/tesl...o-manager.html

It's hilarious that their workers started using kanban boards, a part of TPS/Lean but felt they had to hide them. LOL

Yeah. Tesla actually had a shot without this loser in charge. His daddy paid for his early internet projects were he got lucky (in spite of himself - he had to be pushed aside by competent management as the business grew because his coding sucked and he couldn't work with others or change) and he's been incompetent ever since at anything involving detail or planning or requiring intelligence. With SpaceX he got lucky to partner early with a brilliant rocket engineer who did all the work while Musk hustled up funding.

Musk seems to be a great money and PR guy (he's got a very well developed hustle), perhaps a good energizer as the company mascot, but he has a pretty low intelligence and as an engineer and manager he's a loser and does a lot of damage.

Elon Musk needs an Alan Mullaly or Tim Cook to actually run the entire business while Elon goes out and promotes Tesla to sell cars. He sounds a lot like Steve Jobs in many ways, but Steve had the smarts to delegate operations to an operational genius.