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> I feel like the author missed the dip caused by the April Fools joke The slide from $310 to $250 happened in the 10 days prior to April 1, after it became cl
by unityByFreedom 9y ago
> I feel like the author missed the dip caused by the April Fools joke
The slide from $310 to $250 happened in the 10 days prior to April 1, after it became clear autopilot was turned on in the recent California Model X accident, which is exactly what the author says.
Presumably banks have propped the stock back up to the current $298 and are running PR cover in an attempt to make back some of what are inevitable losses. I can't imagine anyone on r/teslamotors buying more right now. The general consensus is AP is not up to snuff. Only people investing other people's money would try to save TSLA right now.
I think Tesla would've been fine with robotic manufacturing and electric vehicles. With autopilot, they've entered risky territory in order to earn investment dollars. It's not clear whether or not that risk will pay off. It seems clear now that full self-driving isn't happening any time soon without lidar.
EDIT: Please explain your downvotes, thanks!
- deleted 9y ago[deleted]