Quote:
Originally Posted by Malachii
How big of an impact do you think their autopilot issues could potentially have on their stock price? I would think it could be pretty big, especially if this issue continues to metastasize. Market seems to be more or less shrugging off the news so far though.
I think today was a low volume pre holiday short covering - IB had zero borrows available and a 33% borrow rate, and the big fear selling seems to have abated last night, so the shorts were maxed out in a positive market which basically sets up a squeeze. This is actually what's driven a lot of Tesla's stock price.
I was on the wrong side and lost quite a bit of money today - the first time in a long time I've had a losing trade on Tesla.
Quote:
Originally Posted by Riverman
Tesla slappies coming off terribly. The car ran straight into a ****ing semi, without braking at all. Further, it seems other companies are far, far ahead with this technology, and that releasing it was incredibly irresponsible. The legal risks here are astronomical.
It's obviously a very big issue, more so because Tesla explicitly claimed - I think while trying to minimize the issue - that their sensors didn't even see the car because of light and color. In fact, it kept driving and driving even after the top was knocked off, hundreds of yards down the road, before finally being stopped by a pole. There's clearly a large flaw here and their emergency braking failed. Autopilot is simply unsafe to use and shouldn't be marketed as such. It's amazing there hasn't been a fatal accident yet, or a pedestrian killed (Tesla has a lot of trouble spotting them, which is pretty obvious if you realize it can't spot vans or massive trucks - the brakes were never applied).
What it does to the stock price depends on what the NHTSA says,I think, whether a lawsuit happens, or how long it is until the next person is killed (and if there are third party victims in the next one apart from the driver).
Quote:
Originally Posted by heltok
With regards to this crash. It should be noted that it was not the Autopilot which failed, it was the AEB(Automatic Emergency Brake).
Autopilot should be detecting distant obstacles and slowing down/warning the driver. That's a very basic function of autopilot, and other systems have long range sensors that do just that. It's absolutely irresponsible to have this technology and market it as they do while guaranteeing to slam into stationary objects or pedestrians even with plenty of warning, if something is a little out of the norm.
Legally, it's completely foreseeable that this tragedy would happen, particularly after the various videos of people monkeying around with the "autopilot", and various dangerous misses. To have autopilot functions marketed as they are without even long range radar/proper debugging opens them up to a world of liability and bad press. The other automakers have been far more cautious in what they release and market.