.@WR4NYGov, you don't seriously think I, and others who are calling on Tesla to be more careful on how it tests on public roads (@missy_cummings, @JasonTorchinsky, @GordonJohnson19), are KILLING "a million people a year"? That's disgusting.
2/ AVs will make our roads safer as long as they are saving more lives than they take. There's a difference between driver assist and fully driverless vehicles. Tesla is claiming to be close to having driverLESS cars, but are they safer?
3/ Watch @kimpaquette's video above, then this video of an ACTUAL driverless vehicle, and you tell me which is safer. (Suspend your belief, just for a moment, that this vehicle isn't being operated by a remote human driver.)
4/ When you do the math, which you clearly have not, you're talking about 105 lives that could have been prevented in the United States in 2020 if every Tesla on the road were fully autonomous and never crashed. You and I both know Teslas aren't there. [See Kim's video]
5/ Also, if your ultimate goal is to make Teslas as safe as possible, why are you so opposed to using MORE sensors? Adding more sensors makes AVs better and safer. This is why AVs with more sensors than Tesla are able to drive without a human in the driver's seat.
6/ I'm not advocating to slow the development of AVs. Remember, Tesla is developing an ADAS feature, not driverless vehicles. I am advocating for MORE sensors that will make our roads SAFER!
7/ If you are genuinely passionate about AVs, I suggest you put your time into following the developments of the companies actually developing them (and doing so legally and safely).
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EVs are representing increasingly more of passenger vehicle sales in the 3 largest auto markets: China, US, and Europe. China & Europe EV markets are growing much faster than in the US.
2/ Focusing on those leading markets, how is Tesla's market share fairing? Well, since $TSLA opened its factory in Shanghai, it has overall been losing market share in the growing Chinese NEV market.
3/ Now, many would be quick to point out that may be caused by Tesla exporting vehicles from China to Europe this year. However, Tesla isn't gaining market share in that market, either. It's fair to say Tesla is maintaining ~5% share in the European NEV market.
BYD's Q1 2021 Anti-Corruption Bulletin is out. For those unfamiliar, BYD releases all internal cases of corruption every quarter.
I know I say this a lot, but I've never seen this much transparency from a company.
There were seven cases this quarter.
Translated:
$BYDDF $BYDDY
1. Mr. Liao, a senior mechanical engineer of the Second Division, received non-monetary kickbacks from a supplier.
2. Duan, a production foreman of the Nineteenth Division, played Mahjong with suppliers and exchanged money from the game.
3. Process Engineer Zheng of the Nineteenth Division, Production Foreman Yu, Production Team Leader Hu, and Painter Zhang played Mahjong with suppliers.
@garyblack00@ScorpionFund 1/ Yes. A highly technical short report, and the points were well made. First of all, solid-state batteries (SSB) are the holy grail of the future of batteries. $QS investors have known this was a long term play right out of the gate.
@garyblack00@ScorpionFund 2/I’m not surprised they went public. In their defense, they made it clear that their technology wouldn’t bear fruit until 2024 (pre-pilot line 2023), at the earliest. I’m also surprised a short report came out this early. It was inevitable, though. Not just for $QS, but for SSB.
@garyblack00@ScorpionFund 3/ $QS had to raise that capital that early on to be taken seriously in the battery space. It was simple: IPO and be crowned winner of SSB in the early stages of the race.
Questions/comments for @wintonARK and team re: Tesla 2025 valuation model. First of all, I appreciate the time it took to put this research together, and for responding to questions on Twitter.
2/ In your bear case, you have 17,640 human-driven ride-hail Teslas coming onto a non-existent Tesla ride-hail network THIS YEAR, contributing $529M in rev. Again, this is your BEAR case. How? The network hasn't even been announced.
3/ Also, is there a reason you assume 50% EBITDA margin on Tesla's non-existent human-driven ride-hail network right off the bat (beginning this year), when Uber & Lyft haven't even been profitable?
YouTuber AI Addict posted a video yesterday of a drive through Oakland on the latest version of Tesla FSD Beta 8.2 “City Streets”.
Regardless of what you think of a product Tesla calls “Full Self-Driving”, do yourself a favor and watch these clips.
Part 2: These are clips from a 28-minute drive.
There’s a difference between, “The software will get better when the NN has way more data,” vs. hardware ceiled Level 2 ADAS, as even Tesla now admits.
Tesla robotaxi dreamers will have to wait for cars with the proper HW.
Their videos seem very honest. I imagine they won't have the Beta much longer.
A commenter thanked them for providing us with, "...a balanced view of what is ahead. Others try to show it is near perfect."