In truth, I get it. I think self-driving is going to happen faster and be more impactful on the auto industry than electrification. It makes sense to heavily invest in it, but I think there's a way to do it without betting the house, by still investing in other critical programs to grow EVs. Also, while this is risky by itself, betting a $500 billion company on AI advancements leading to self-driving, the risk is also compounded by Elon splitting his efforts when it comes to AI. He already threatened Tesla shareholders to not build AI products at Tesla if he didn't get 25% voting control over Tesla's shares, which he would have if it wasn't for him selling Tesla shares to buy Twitter. His new startup xAI, has already recruited 4 Tesla AI engineers. This is problematic. If you were to replace the words 'Elon' and 'Tesla' with anything else, and then present Tesla's governance situation and how they are letting the CEO do this, everyone would agree that it makes no sense. Elon is squeezing this past everyone by using his credibility from previous successes. If it works, it is going to be one of the best bet of all times, but if it doesn't work, it will be one of the biggest blunders.
In truth, I get it. I think self-driving is going to happen faster and be more impactful on the auto industry than electrification. It makes sense to heavily invest in it, but I think there's a way to do it without betting the house, by still investing in other critical programs to grow EVs. Also, while this is risky by itself, betting a $500 billion company on AI advancements leading to self-driving, the risk is also compounded by Elon splitting his efforts when it comes to AI. He already threatened Tesla shareholders to not build AI products at Tesla if he didn't get 25% voting control over Tesla's shares, which he would have if it wasn't for him selling Tesla shares to buy Twitter. His new startup xAI, has already recruited 4 Tesla AI engineers. This is problematic. If you were to replace the words 'Elon' and 'Tesla' with anything else, and then present Tesla's governance situation and how they are letting the CEO do this, everyone would agree that it makes no sense. Elon is squeezing this past everyone by using his credibility from previous successes. If it works, it is going to be one of the best bet of all times, but if it doesn't work, it will be one of the biggest blunders.
@FredericLambert Qlon is tanking the stock on purpose and has been doing it for years.....He wants it private.
@FredericLambert Can anyone explain how WS can price this newly on purpose burned to ground Tsla for the new digital Tsla that is supposed to rise from the ashes.
@FredericLambert Self driving on a gas car is a one way ticket to Venus
@FredericLambert It's also a huge bet on regulatory approvals
@FredericLambert the reason it's worth betting the company is 'cars' is just the first of many applications of the tech. cars is just the vehicle to make the first version of the tech profitable.
@FredericLambert People like driving cars. Not fun to ride in FSD.
@FredericLambert Elon’s disastrous decision to cut costs by eliminating LiDAR effectively doomed $TSLA’s FSD program to failure. Unless he pivots back on this point he will never get past Level 2
@FredericLambert “but I think there's a way to do it”. Yeah but you’re a journalist. Not a ceo, not a tech engineer of any kind. Nobody should think your opinion on how to run Tesla is more relevant than Elon Musks
@FredericLambert This is just a nasty take, that reeks of negative bias towards Elon. Is it his politics that puts you off?
@FredericLambert This was a bet from long ago, when Elon decided to install vision hardware in every car. The fleet was designed to one day flip the switch.