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JRP3
Hyperactive Member
The "autopilot" crash is being widely reported.
The screen shortage article is being reported.
And there is also the 6K car inventory in China article.
On it's own I don't think Elon's statement would have had much if any effect.
Whether he likes it or not he is the CEO of a publicly held company. If he puts the word 'overvalued' or 'valued higher than we deserve' even if he is being truthful he is talking down the stock.
There is a reason to have an IR and/or OR department. He should take their advice on how to word a truthful statement that does not talk down the stock or a generic bland statement.
He is a brilliant man who is making great progress on saving us fron ourselves. He does need a little help on answering this question.
It seems my prediction that the FUD would be ramped up to 11 was correct.
JRP3
Hyperactive Member
I'm sure every time he's said it he's had suggestions on how to handle it differently, he basically said as much at the recent conference. I don't expect him to change and it really doesn't bother me much when he says it, it has no bearing on my long term outlook on the company.
I totally agree with your statement. I am doing what many do here, voicing an opinion that he could and should do better
Todd Burch
14-Year Member
Anytime someone says the price is higher than it should be, that's talking down. Full stop.
Yes, he makes observations based on fact. That doesn't mean he should make those observations out loud.
Reciprocity
Active Member
Big if True:
Tesla driver denies 'Autopilot' led to Minnesota crash
Driver does not think Autopilot was engaged during rollover.
Tesla driver denies 'Autopilot' led to Minnesota crash
Driver does not think Autopilot was engaged during rollover.
racer26
Active Member
Because it almost certainly was not.
You're not going to sit there and watch autopilot drive you into a ditch. You're going to grab the wheel, or hit the brakes, or something, and any of those actions would immediately disengage autopilot.
Sounds like Tesla showed him the logs and it "jogged his memory." People are so ridiculous. Just admit you wrecked the damn car. How many times have we seen this now? The "sudden acceleration" claims are the worst.
Reciprocity
Active Member
Well yeah, unless you are a Korean pop star or whatever that dude was who drove his model X into his garage wall and blamed the Tesla for not stopping for him.
larmor
Active Member
Or he knows what's coming down the line that has not been deployed, which would merit a higher valuation...
The thing is.. Musk isn't even qualified himself to call a top or bottom what SP ought be. Highly irresponsible, inappropriate and not to mention inaccurate to make commentary on such matters
That is not enough credit (one way or the other) to the 32,999 employees who is not Musk.
Here's more detail from a Minnesota source:
Twin Cities man says he's to blame, not Tesla autopilot, for crash into marsh
Right, the sort of positive interpretation is that Elon is fine shaking out the weak longs at this point. The stock price will recover as long as they execute relatively well on the model 3.
People have trouble getting the attribution right when there are crashes.
I do think the background on the screen should be a different color when autopilot is engaged. Control state should be really obvious in lots of places.
As far as Elon's comments on share price, he said he sees a path to apple like valuation.
What does not kill you makes you stronger.
Goodwill is worth a lot. Candor helps generate goodwill in the aggregate.
Dynastar
Member
Agreed. Just did a multi-day road trip with my wife and there were several "oh yeah, I'm driving" moments for both of us. Not that any were dangerous but eventually someone's going to get bitten by this.
I don't have any experience with AP1, but think it does on AP2 if you go above 90 mph. (Not that I've tried it myself).
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