When Anthony Lagrange, Team Leader Automated/Connected vehicles & Safety- European Commission retweets an article from ArsTechnica that claims FSD Beta is not designed for FSD you know that they have zero attention to approve it
"I happen to own 1,915,000 shares personally. I have not sold a single share and I don't expect to for another 10 years (...)
I think we are going to make a triple in this company (Tesla) in the next 10 years."
Autonomous driving worth $500m- $1Trillion in 10 years
"That could be a $40bn revenue business (...) that alone is worth the present price of the stock in 10 years"
"In addition to that, you gonna get a business in Tesla that I think gonna be $600bn a year in revenues (...)
Ron Baron continued
(...) and making $200bn a year of gross profits you get for free. A battery business that could be doing just about that much in revenues and a little bid less in profits. You get that for free. An insurance business. You get that for free. (...)
The pace of innovation, design, and improvement is the issue VW has
I talked about that endlessly in my articles
Tesla overtook them while they thought they still have time and now they have a severe problem
It reads like VW gave up on the ID.X already & just tries to somehow make it work and sell to survive a few years
They attempt to fix all the issues including autonomous driving with their brand new approach for the Trinity & Apollon in 2025 & buy companies & start partnerships
The latest Manager Magazin article about VW & its attempt to match Tesla confirms my most negatives views of VW and corrects some of the positives I had to neutral
The situation is worse than expected
Recommended read for all Germans
I'll likely tweet about it in the next days
Every brand in the VW Group has selected its own cell formats & purchased them separately🤦♂️
That has led to 20 different 🔋 battery cell formats & internal chaos
Schmall Resort Technology
"the strategy for the future concept is not quite in place yet. We still need 1-2 months"
Diess is internally still not very much liked. One issue is that he continues to hire BMW Managers expanding his network with former colleagues
When Diess heard that Tesla intends to reduce battery costs by 50% he said