odysseus2000 wrote:Adamski wrote:"UC Berkeley economist J. Bradford DeLong suggested that Tesla’s market success is now largely dependent on Musk’s ability to keep making promises, regardless of the company’s actual delivery, the economist wrote in an op-ed for Project Syndicate.
“From the standpoint of its suppliers, employees, and customers, it is a source of income and production,” he said. “And from the standpoint of Wall Street speculators, it is a bouncing ball in a roulette wheel: a tech-bubble casino play.”
DeLong, in an op-ed, pointed out that Musk, after unlocking his entire pay package in 2018, has been promoting ideas that the company has yet to deliver on, such as full self-driving, humanoid robots, and an artificial intelligence supercomputer.
“For all the current Tesla shareholders planning to offload their holdings in the next couple of years, everything hinges on the company succeeding as a meme stock, and Musk is diligently working toward that goal,” DeLong argued.
“Since there are virtually no long-term Tesla shareholders, the market does not particularly care that the company lacks a CEO who is trying to build it into an enduring profit-making organization,” he added." I agree 100%!
Interesting!
Tesla has the largest retail base of long term share holders of any stock as shown by the recent votes cast with large numbers of retail share holders on the previously agreed pay package being reinstated & the move to Texas from Delaware.
The statements made by Bradford DeLong are demonstrably false. Whether he is just ill informed or acting on behalf of someone else is unclear.
A CEO’s job is to make profits for shareholders & Tesla have demonstrated that by focusing on future technology which naysayers have said was impossible, huge profits have been made & shareholders have been well rewarded. The cost of the recent salary award to the CEO is carried on the books at a fully dillutive $2b, it is now over $50b due to the stock price rise & does not cost share holders any more & indeed share holders will get the exercise price if the CEO does get the share options & exercises.
The amount of misinformation about Tesla has reached yet higher levels as the naysayers put out relentless eye & ear candy to support their agendas.
Hubris, greed & stupidity are the foundational quantities that informed investors can use to make huge profits by buying into the extreme fear, uncertainty & doubt.
However, most investors will not do the needed research & will instead rely on the candy put out by naysayers & miss out on huge profits.
Regards,
Ody,
Are you doing "the needed research" or just relying on candy?
Did you carefully select he video you showed of a V 12.4.1 test?
Investors need to decide if FSD is improving and the following suggests it still has a long way to go to be better than Level 2.
I’ve looked at three videos and they show some pretty serious flaws. Many other critical videos are available.
Following videos show V 12.4.1 driving mainly on wide roads with little traffic and well behaved pedestrians.
https://www.youtube.com/watch?v=YpOjlm8PlDYDriving in Chicago with V12.4.1
5 minutes: Wrong lane failure on a multi lane highway meant the driver had to grab the wheel. Luckily he appeared to anticipate that the software would fail at this moment.
6 minutes: Dangerous repeat of wrong lane failure. Last minute swerve by driver to save situation.
11 minutes: Wrong direction.
As the driver suggests at the end, despite the empty roads (very early morning) the car drove too slowly and often hesitated.
US cops would be justified in suspecting DUI!
https://www.youtube.com/watch?v=6OTOypREAEQ&t=1104s5 minutes: Car hits the brakes - confused by yellow flashing light. Problem exceeding speed limits.
6.30 minutes Car goes too close to pedestrian.
7 minutes: Car hits pothole too fast.
10 minutes onwards: Car drives too slowly. At 13 minutes the car is painfully hesitant causing following car to undertake.
15 minutes: lane swerving
DUI candidate.
https://www.youtube.com/watch?v=aL5VY2GaZDoEarly morning zero traffic very wide roads.
2 minutes: Winding road, driver has to catch yoke to stop car hitting nearside verge.
4 minutes: Confused by sunshine.
5 minutes: Lane weaving. Driver complains that the software is unpredictable.
10 minutes: Left turn painfully hesitant.
12 minutes: Confused by morning sunshine.
Driver says “not off to the great start we all expected”
24 minutes: Hilarious inability to park in a massive car park which is only about 5% filled. Driver expresses disappointment that latest software is not as good as previous version in some respects.
In the comments section this poster said:
"Thank you, so much, for your terrific work on these videos. I believe, in this one, you have hit on one of the main reasons Tesla FSD can never be the robotaxi Musk promised. Low glaring sun (and this wasn't even particularly low) will always cause Tesla FSD to fail because it has zero back-up sensor suites (Lidar; radar etc) like every other actual working and government-safety-approved self driving system like Mercedes and Waymo. Musk was warned about this issue by his own engineers, years ago, and it has never been solved because it can't be. Because of this, Tesla FSD can never have the reliability required to be government-safety-approved beyond anything but the current Level 2."Is he right?
regards
Howard