There were a couple of ideas that I had scoped for a while but failed to execute.
First was STZ pre-earning l. I should have bought the July calls when it was in the low $150s. It just kept going up. At some point, I couldn't bring myself to pull the trigger at $160. I still would have made money if I bought in.
Second is TSLA pre-sales announcement on Monday / Tuesday. I think there is a very good chance they will exceed expectation. The stock could easily hit $230 if the numbers are good. Again I just could get myself to pull the trigger after the stock has rallied from $190.
Oh well. That leaves me with the one idea for the next week or two
Like I said, trying to profit from this guys death is really bad karma. Some shorts got burned today. I steered clear of shorting this guy to avoid the bad luck. I went with weekly calls on AMZN today. Made a killing.
A couple of weeks ago at a customer event, they mentioned production is at 2000/week. This translates to about 25,000 cars per quarter. This is also the number they need to hit to meet their 80-90k target for the year. So production does not seem to be an issue. BTW, at this event, they reiterated their annual target. I'm guessing they hit their 17k target for this Q
There are laws against texting and driving. Is it not clear that texting/working and semi-autonomous driving should be illegal too?
The truck driver said the Tesla was coming down the road at very high speed and did not brake. Then why did the trucker make the turn?????
Mobileye which provides much of the underlying technology indicated the system is designed primarily for rear endings. Lateral collision will be supported in 2018.
If the guy was driving his wife and kids in the Tesla, people would have been saying the guy was extremely negligent for not being more diligent
From the manual, it's clear that there are many limitations with Autopilot. It can assist but ultimately the driver must be diligent
He's the guy trying to replace Mobileye as the technology supplier to Tesla. I still remember the video where he brags about developing an autonomous prototype after 2 weeks. Yeah right .... sure I'll sign up for one ...
Exactly what I was thinking. He probably became complacent with Autopilot. May have been looking down at his cellphone too long. Even people without Autopilot are distracted by their phone. I see it all the time. People need to pay more attention and be responsible for their actions l.
I'm surprised that so much attention is being placed on Tesla and not Mobileye. Doesn't Mobileye supply the technology to Tesla and a lot of other automakers?
With the April 2016 incident that saved the driver from a potential accident, the driver took over control of the vehicle (see the you tube video). So clearly, the driver knew that there were limitations to the Autopilot feature and that it wasn't fully automatic.
In a news article, the driver of the truck claimed the Tesla was going fast and did not brake. So why did the trucker proceed to make the turn if he could see the Tesla coming down the road at high speed? I think he admitted he is partly at fault. Vehicular manslaughter for the truck driver. You just can't be doing these things and risking the lives of others.
Many of you have a deep hatred for Tesla mainly for stock and investment reasons. This unfortunate incident goes beyond the Telsa stock. Someone is dead and whoever is responsible needs to be punished
To be fair with your post, they shouldn't call it Autopilot. They should call it something like Driver's Assist. If they do rebrand it, then I think we are done. Nothing wrong at tesla. Return to business as usual.
I just think we cater too much to the idiots in society. Remember the lady who spilled coffee on herself at McDonald's and got "burned"? She sued McDonald's and won millions. Now McDonald's coffee cups are labeled "hot". Seriously???????
Anyone who trusts that it is truly Autopilot is literally risking their lives. I would treat this early stage technology like cruise control. Cruise control helps to automate the application of gas but if a car suddenly jumps in front of you, you better step on the brake or there will be a collision. Cruise control is widely available and nobody considers it as a potentially lethal feature.
MBLY is much more leveraged in the autonomous driving space. Just today the stock went up 10% because they are going to announce a collaboration to provide autonomous driving technology to BMW
Very unfortunate for this happen and don't like bagging on the deceased. It's just hard to understand why the driver didn't see this coming and react. On TMC, they post pictures of where the accident took place. It's an area with very good visibility. Very flat for long stretch. Nothing at all to obstruct the view ... no trees. He should have seen the truck.
On the other hand, why did the trucker make the turn. With the Telsa in autopilot, the car must have been very predictable with constant speed. I am guessing that the trucker forced the turn banking on the car braking.
The accident and death shouldn't have happened. Two people made big mistakes for this to happen.
Wow quite bizzare. Autopilot saved him from an accident on 4/5/2016. Autopilot couldn't save him from death on 5/7/2016. Google "Tesla driver dead in Autopilot crash credited the system for saving him in near miss caught on video". Article from electrek with link to youtube video.