Phase 1 dug a $4.2B hole/debt in the company.
As he keeps lowering the price on the model S and x, he is getting close to half the price of the $100K+ roadster finally
They have tried being a car company and loosing too much, energy company hasn't panned out, why not try being a mining company to vertically integrate the lithium supplies.
I'm guessing they are going to TRY and sell franchises as a way to get some free income like the secondaries, selling ZEV credits, selling deferred tax credits, selling bonds. If they are able sell them, they will call them something other than a franchise just so they do things different.
Here is his master plan from 10 years ago, didn't accomplish much of that one so time for a refresh
As he closed the blog post, those objectives were enumerated as building a sports car, using the proceeds to build an affordable one; using that money "to build an even more affordable" car, and providing "zero emission electric power generation options." Musk's last point was made tongue in cheek: "Don't tell anyone."
What change of plan could this be, try to make a profit?
Two separate articles I read said the autopilot had a "lane interruption" (person had to intervene) roughly every 2 miles on average.
All they are doing is issuing more shares which cost them nothing. TESLA is basically just issuing a secondary to raise cash(printing more shares with the TESLA name on them and trading them for SCTY shares) and then tearing up the shares that had SCTY on them.
Florida Highway Patrol investigators have revealed that they recovered a laptop computer and a portable DVD player from the wreckage of the crash, which occurred on May 7th. But according to Sergeant Kim Montes, neither the computer nor the DVD player were running when authorities arrived at the crash scene. Montes said investigators could not determine if the Tesla driver was operating either device in the moments leading up to the crash.
The investigators' account seems to refute the claims of Frank Beresi, the truck driver involved in the acciden
They bought a Chevy because of reliability to attempt an unsuccessful cross country trip
"The team was made up of Carl Reese and his fiancee Deen Mastracci, as well as Rodney Hawk, a high school friend serving as the third driver. Another three friends followed in the ultimate anti-Tesla, a Chevrolet Suburban, as a support team, with the Tesla drivers sometimes cozying up to the rear of the Suburban for drafting purposes."
"We are fully aware that the KBA is investigating Tesla Autopilot components and we are cooperative in every aspect," the spokesperson said.
A Tesla spokeswoman later said that by "investigating", they meant that German authorities were reviewing certain components.
"Tesla Motors has been transparently working with European authorities since its inception beginning with the Roadster model and continuing that working relationship to include Whole Vehicle Type Approval of Model S, Model X and in the future, Model 3," the company said in the initial statement.
The spokesperson added that all Tesla type approvals have been historically issued by the RDW assembly and PDI facility in Tilburg, Netherlands.
"Tesla does its due diligence in making sure that its vehicles do not violate any national legal (or) safety regulations, it does not need to seek specific national type approvals in EU member states since the RDW issued WVTA should be accepted as a legal compliance document," it added.
In its report, released on Friday before the magazine's publication on Saturday, Der Spiegel said the driving assistance system in question was a device designed for regulating car overtaking maneuvers.
If the allegations were confirmed, Tesla could lose type approval for its Model S vehicles, meaning they would be banned from the roads, the report said.
However, it also added Tesla had applied for type approval in the Netherlands and therefore only the Dutch authorities could withdraw the approval for the European market again.
And guess who they sold them to, the gambling industry instead of banking them for their own future use. Do they maybe know they will never have a profit to use them for their own use?
although TESLA did the best, it still had 29 "lane interuptions" on a 50 mile test. That's almost one problem each 2 miles driven the driver needed to take control!!
" interruptions were caused by broken lane marks, inconsistent pavement patches, intersections, and exit and entrance ramps. We also noted when a car lost the lane-keeping sense for no apparent reason"
The article I read said they all were all more trouble than they not having it because you have to concentrate more to make sure it doesn't go "off track" than if you just drive yourself. Said in traffic it was better, but not for normal use.
"Our system is called Autopilot because it’s similar to systems that pilots use to increase comfort and safety when conditions are clear. Tesla’s Autopilot is a way to relieve drivers of the most boring and potentially dangerous aspects of road travel – but the driver is still responsible for, and ultimately in control of, the car."
Tesla’s billionaire founder Elon Musk has said that autopilot mode is a voluntary feature, that drivers are warned of the risks and that testing it with the public makes it safer than if the company were to do it solely internally.