Tesla Model 3 revealed
Discussion
FurtiveFreddy said:
walm said:
Shareholders not happy.
Musk isn't happy about his own deal?In any case, the deal tanked Tesla -13% while bumping Solarcity 18%.
Musk owns roughly 31m shares of TSLA and 22m of SCTY.
If you do the math his net worth has just dropped from $7.2bn to $6.4bn. (Not including any options.)
So he may well be having second thoughts, yes!!
FurtiveFreddy said:
walm said:
Obviously I mean shareholders other than him you pedant!!
You've spoken to the other shareholders then? Where have they said they're unhappy?The stock is down -13%.
That's what happens when you do a crap deal and DISAPPOINT YOUR SHAREHOLDERS.
If it was a great deal, the stock would go up.
It's that simple.
FurtiveFreddy said:
IF the shareholders aren't happy, they can vote against the deal then can't they?
Your opinion is not necessarily that of the shareholders, so maybe you should stop speaking on their behalf?
This isn't a matter of opinion really.Your opinion is not necessarily that of the shareholders, so maybe you should stop speaking on their behalf?
The stock price tells you the shareholder view.
It's my job to interpret stock moves.
I am just saying what this particular move means.
And yes, absolutely they can vote against the deal, but owing to the block voting by certain groups and given the board approved the deal - it's often tough to gamble on a vote going the way you want it.
Often it's just easier to sell your shares!
Seeing as this seems to have become a Tesla any model thread, there's a story on the BBC news about a fatal crash in which autopilot was being used
http://www.bbc.co.uk/news/technology-36680043
http://www.bbc.co.uk/news/technology-36680043
Blaster72 said:
Seeing as this seems to have become a Tesla any model thread, there's a story on the BBC news about a fatal crash in which autopilot was being used
http://www.bbc.co.uk/news/technology-36680043
Interesting, this stuff will have to be thrashed out in courts I suspect. Was the driver using it correctly (it does need supervision)? Is it right to just throw this effectively beta level function out to untrained users?http://www.bbc.co.uk/news/technology-36680043
Another part of the argument is Tesla have solid data that says their autopilot is safer than humans, the mean time between deaths is 1.4 times that of people...
RobDickinson said:
Another part of the argument is Tesla have solid data that says their autopilot is safer than humans, the mean time between deaths is 1.4 times that of people...
But does Tesla have enough cash to throw at whatever is needed to win the public and to convince everyone that they are right. What about those asking for a refund on the disabled functionality or perhaps class action suit.This was always going to happen, no matter how much safer Auto Pilot is. I guess Tesla have prepared for this eventuality.
Interestingly, if there is a recall (that doesn't involve hardware), Tesla could just do remotely and cover the whole fleet within a few days. Much quicker, more efficient and safer than traditional recalls.
Interestingly, if there is a recall (that doesn't involve hardware), Tesla could just do remotely and cover the whole fleet within a few days. Much quicker, more efficient and safer than traditional recalls.
walm said:
FurtiveFreddy said:
IF the shareholders aren't happy, they can vote against the deal then can't they?
Your opinion is not necessarily that of the shareholders, so maybe you should stop speaking on their behalf?
This isn't a matter of opinion really.Your opinion is not necessarily that of the shareholders, so maybe you should stop speaking on their behalf?
The stock price tells you the shareholder view.
It's my job to interpret stock moves.
I am just saying what this particular move means.
And yes, absolutely they can vote against the deal, but owing to the block voting by certain groups and given the board approved the deal - it's often tough to gamble on a vote going the way you want it.
Often it's just easier to sell your shares!
RobDickinson said:
Interesting, this stuff will have to be thrashed out in courts I suspect. Was the driver using it correctly (it does need supervision)? Is it right to just throw this effectively beta level function out to untrained users?
Another part of the argument is Tesla have solid data that says their autopilot is safer than humans, the mean time between deaths is 1.4 times that of people...
Autopilot only works on Motorways, so it can't really be compared to human crash statistics.Another part of the argument is Tesla have solid data that says their autopilot is safer than humans, the mean time between deaths is 1.4 times that of people...
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