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Tesla stock falls 12% after NTSB announces fatal crash investigation
- dwighttk 9y ago>Tesla says that it hasn't been able to retrieve the vehicle's logs due to extensive damage to the vehicle. If we can build a "black box" that survives plane crashes, why can't Tesla build one of those for their logs? >"We understand there were no occupants still in the Model X by the time the fire could have presented a risk," Tesla claims. huh... then who died?
- segmondy 9y agoDo other cars have black boxes that survive crashes? Why should Telsa build one? Their car is not a plane. To build such a black box will increase the cost of production. They are trying to reduce costs. Their very existence depends on reducing the costs of manufacturing.
- dwighttk 9y ago>Their very existence depends on reducing the costs of manufacturing. Some might say that their very existence depends on people trusting them to purchase their cars. It always seems convenient that there is no telemetry available in the very crashes we are interested in.
- craftyguy 9y agoWhich cars do provide telemetry data when they crash? Maybe one? None? Why is Tesla held to a "standard" that no other vehicle manufacturers (that you "have to trust") are held to?
- tway923423 9y ago>Why is Tesla held to a "standard" that no other vehicle manufacturers (that you "have to trust") are held to? Because they are making claims about the state of their technology that no other vehicle manufacturers are.
- craftyguy 9y agoThey are? IIRC they've not said anything about their cars being completely autonomous, or that drivers should do anything behind the wheel that's different than what they should do behind the wheel of any other car..
- totalZero 9y agoWhat does the word "autopilot" mean to you?
- craftyguy 9y agoWhat does the word "future" mean to you?
- tway923423 9y agoComing Soon, like Theranos' blood test?
- tway923423 9y ago>IIRC they've not said anything about their cars being completely autonomous How short have our memories become? I recall Tesla demonstrating being able to summon your car in a parking lot 3 years ago. That's driver not even in the car, let alone with hands-on-wheel. Tesla has taken the "move fast and break things" approach to cars. That's fine, but they will step on toes in the process, and have to deal with it.
- dwighttk 9y agoI hold every manufacturer who promises that their vehicles have all of the hardware to make a fully autonomous cross-country trip to the same standard. http://www.businessinsider.com/elon-musk-autonomous-tesla-drive-across-country-by-end-of-2017-2016-10 http://www.businessinsider.com/elon-musk-autonomous-tesla-dr...
- craftyguy 9y ago> manufacturer who promises that their vehicles have all of the hardware to make a fully autonomous cross-country trip But they didn't? Unless I missed some announcement somewhere.. Also, even if they said that, just having the hardware in the car does not mean that it's actually ready/capable of doing so. There's still a lot of software required to make that hardware function..
- dwighttk 9y agoI guess "why can't" was a little too combative for some people... replace that with "why doesn't" Why doesn't Tesla do this?
- Arzh 9y ago"post-crash fire", the fire is not noted as the cause of death anywhere in the article.
- dwighttk 9y agoAh, I see now elsewhere that the driver died in the hospital later...
- ry4n413 9y agoThe downgrade by Moody's is why the stock is down as much as it is, imo, as it immediately impacts the discount rate (aka cost of capital) and makes it more expensive for TSLA to borrow money. The impact of the investigation on TSLA's future growth/financials doesn't seem quantifiable right now.
- totalZero 9y agoIgnoring dividends and interest, the stock price itself is the market's approximation of the expected future value of a share. That's precisely how you quantify it.