Autopilot name isn't a big deal, it's a whole group of things which together paint a fraudulent picture of what Teslas are/can do which is clearly misleading and killing people. And not dumb people either - doctors, google engineers trusted that Tesla was safer than it was because of Musk's lies and frauds.

Now I am really, really worried.

I just don't see how folks are being mislead if the limitations are clearly laid out in the manual. And those limitations aren't in any way unique to Tesla's level 2 automation, most similar driver assist packages have the same drawbacks. It would be useful to legally require that folks who use level 2/3 automation take some training to be familiar with the limitations and their responsibilities as drivers controlling the automation, but again that problem isn't in any way limited to Tesla.

3 weeks after leading the capital raise they are now talking bankruptcy.
can't make that **** up...

We know. You've missed the Tesla story this entire time.

The entire idea of Tesla as created by Elon Musk is a tech-bro fantasy circlejerk vision of the future.

Everything about Tesla is believed to be one of a kind pushing the edge of technology. FSD MUST be marketed as such. And must be believed as such as part of the Tesla story.

I mean, that's true of everything that Musk does. SpaceX says it's ultimate business model is colonizing Mars. I suspect that Musk knows that's horse**** and it is just a way to get free media and publicity for his space launch business and ultimately fund his constellation of internet satellites. But big picture fantasy circle jerk has been Musk's MO for a very long time. And of course that's true of Tesla as well.

He should of unloaded this to Apple if that was a real opportunity. He'd have a foot in the door to weasel his way to the top and be ceo by now.

Senor I think it's hilarious you think people read the manual to their car.

Do you know people?

They are way more likely to take what the CEO is saying at face value

Marketing claims: "Advanced Autopilot" with "Fully Self Driving" that "navigates fully from highway onramp to highway off ramp" with "advanced forward radar that can see 180m", "collision avoidance", "emergency braking" with "Fully Self Driving features coming in 3 to 6 months" and "navigating autonomously from LA to New York by end of year".

Manual: This is driver assist feature only and you should remain alert at all times

Result: Multiple people die and dozens more are injured by slamming into parked objects on autopilot after they trusted their Tesla far more than should and clearly didn't understand its severe flaws and limitations. Videos emerge of people sleeping in their Tesla, proudly doing stuff in the back seat while their autopilot drives, having sex on autopilot, etc. Few if any of these people thought it was guaranteed to slam into stationary objects.

SenorKeed:
**** me man. Where do I sign up to enjoy this level of stupid??

Some people read the terms and conditions for their credit card. So I guess it's possible someone reads the manual.

I mean the full self driving is very obviously referring to something that is not yet available.

I read the pertinent parts of the manual for my car. What PSI do I fill the tires to? How does the cruise control work? How does the automatic lights work? I guess some dip****s just jump in and start driving without familiarizing themselves with the controls, sure.

And if folks don't read the manual or get some training for a level 2 system, of course they won't be able to safely operate it. But that's true of all level 2 systems and not at all unique to Tesla.

I thought all they had to do was get regulatory approval to turn it on? Seems to me that implies what is there must be first-rate.

Again this is just you being moronically wrong. From their very own order page right now:



Their own claims when you buy the actual car are that all versions including standard (included) version brake for vehicles and pedestrians in their lane. I guess BIG TRUCKS and highway dividers aren't included in that?

The FSD option claims it navigates highway on ramp to off ramp by itself, and includes the same braking claims. Braking for obstacles is reasonably assumed to be included in that?

Clearly people are being misled. WTF are you smoking bro?

Jonas just killing Tesla.

-Gone from a growth story to a distressed credit and restructuring story.

-Advertising will burn more cash than it brings in. Would be a DISTURBING development. Brand awareness- everything little thing about this company is in the news. (in response to a question. destroys this bull argument.)

-Don't think price is a lever. Problems could be the segment. Sedans dying. DYING. Have a very high share of the $40k+ sedan market. Not everyone wants to drive an EV. Range anxiety, weather, where do I charge? 90% of EV market by value. Who is to say that the retail investor just isn't ready to get into that segment in the amount Elon thought they would? Maybe we will look back on that as an amazing accomplishment. Do they need to introduct new segments? Yeah. Used cars- for every Audi sold there are 13 used Audis. Tesla 2-3. Style hasn't changed much in 7 years. Those vehicles are coming out now and competing with the new.

-Value mobility at about $45/share but that only offsets their net debt. If did a sum of parts on Tesla I am at a zero.

That about sums it up.

-Goes through the list of potential buyers. Eliminates them all. SpaceX is kind of a last resort. Won't be permanent but would be to do dirty work of restructuring while keeping the team together.

Next question- last couple SpaceX raises have struggled. How can a breakeven rocket company raise $50 billion to buy out Tesla?

Jonas- don't know about the raises. But his clients say oh yeah it makes a ton of sense. Have to imagine the stock at a much lower valuation first of all.

Yeah thats not happening. Its going to 0.

I haven't looked at Tesla's manual for a year or so but it definitely said that the Autopilot wasn't designed to detect stationary objects. So yeah big trucks that are stationary relative to the direction of travel aren't included in that. And that's a problem with other level 2 automation as well.

But collision avoidance, automatic braking, radar, and navigation coupled with Autopilot are, indeed, all current features of the automation? So I don't know what the heck your point is?

Admittedly a fantasy case. But reduces the difficulty by an order of magnitude (referring to Musk's stake in SpaceX.)

Go back to the SolarCity buy out. People were up in arms- this is a bail out, not gonna happen! Ehhhhhhh people realized quickly, huh- if the $3 billion thing goes bust then the cost of capital of the $50 billion goes way up. Lets do a controlled detonation. We approve your buyout. We will put it in the back and wind it up. And its gone.

With a lot of differences this is kinda like the reverse of that.

Must have said ten times while stating his belief that Tesla is leading in tech that "that doesn't mean its worth more than their debt."

Just say it Adam, see you at 0.

Yeah. Jonas was their biggest bull and had a lot of credibility because he pumped them early and stayed true to the bull side. Him capitulating yesterday was big news.

He basically said they had to have this call today because of so many questions about yesterday's $10 bear case price target.

This is somehow eye opening for many investors.

This is why Elon was so afraid of short sellers. The stock price always depended on maintaining the facade.

they had to have this call because they lead a capital raise at $243 3 weeks ago, the stock is now at $192 and they are going to be sued.

I'm getting big FOMO from covering half my short. please help.

Last 2 minutes of the call (I randomly jumped to there) Jonas still thinks Tesla is best in class in AI based on their driving data among other things.