Tesla Self-Driving Ride Causes Twitter Storm Over Safety. The Stock Shrugs.

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Tesla Self-Driving Ride Causes Twitter Storm Over Safety. The Stock Shrugs.

marketwatch2023-06-28

Tesla sells the most advanced version of its driver assistance software called Full Self Driving, or FSD, for $15,000 or a monthly subscription. Brandon Bell/Getty Images A ...

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Cxxxx
·2023-06-28
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a4xrbj1
·2023-06-28
Bullshit story. First of all Ross Gerber was on the gas thus overriding FSD. Secondly he turned a default setting off, causing the car not to apply full brakes in certain battery states (when it's fully charged or the battery is too cold). Lastly the driver is responsible at all time to intervene, so what? It's an edge case as reported (stop line very far from the actual stop sign)and as a matter of fact he brought the car to a standstill just before the stop line. So it didn't even ran the stop sign. Dan O'Dowd owna a company that is the maincompetitor for self driving software, eg used in Mobileye software that legacy OEM's use.
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The Stock Shrugs.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-28 19:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/tesla-stock-self-driving-safety-fsd-50f87a65?mod=newsviewer_click><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla sells the most advanced version of its driver assistance software called Full Self Driving, or FSD, for $15,000 or a monthly subscription.              Brandon Bell/Getty Images               A ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/tesla-stock-self-driving-safety-fsd-50f87a65?mod=newsviewer_click\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0308772762.SGD","symbol_name":"Blackrock Global Allocation A2 SGD-H","start_time":0,"source_url":"https://www.marketwatch.com/articles/tesla-stock-self-driving-safety-fsd-50f87a65?mod=newsviewer_click","article_id":"2346584978","we_media_id":null,"thumbnails":["https://images.barrons.com/im-807567?size=1.777777777777778&width=220 220w"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2346584978","pubTimestamp":1687953060,"sourceInfo":{"source_id":"mwatch_stock","name":"Market Watch"},"weMediaInfo":null,"summary":"Tesla sells the most advanced version of its driver assistance software called Full Self Driving, or FSD, for $15,000 or a monthly subscription.              Brandon Bell/Getty Images               A          Tesla        bull and a          Tesla        bear went for a drive…For starters, driver assistance systems improve safety. There is a risk that any system is abused—such as drivers failing to pay attention. 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Brandon Bell/Getty Images               A          Tesla        bull and a          Tesla        bear went for a drive… It sounds like the start of a bad joke. If only. It happened—and the ride brings into sharp relief the battle over Tesla’s autonomous driving software and how stockholders need context so they can better assess risks to their Tesla (ticker: TSLA) positions as driver-assistance technology advances.   The bull was Ross Gerber, a Tesla shareholder and CEO of Gerber Kawasaki Wealth and Investment Management. The bear was Green Hills Software founder Dan O’Dowd. The ride happened in Santa Monica, Calif. in Gerber’s Model S equipped with Full Self Driving (FSD).  Gerber wanted to show O’Dowd that FSD was getting better and able to conduct a significant amount of city driving without intervention. O’Dowd is an FSD critic who wants it banned.  Investors can probably guess how it went. Gerber believed things went great with the hour-or-so-long drive requiring just a couple of interventions. FSD is a so-called level 2 autonomous driving system, which means drivers need to stay focused on the road 100% of the time. Drivers can stop paying attention and rely completely on the car in some situations with level 3 and level 4 systems.  O’Dowd felt differently and posted videos and tweets of the Model S approaching a stop sign where it appears Gerber was forced to intervene as his Tesla approached the intersection too fast while another vehicle took the left turn too sharply.  O’Dowd said FSD tried to “kill someone.” After his social media activity Twitter exploded. Videos analyzed the footage like it was the Zapruder film (which captured the assassination of John F. Kennedy). There were maps of the intersection showing the actual line to stop was 30 feet beyond the stop sign, a quirk of that intersection. People zoomed in on Ross’s foot to see if he was on the accelerator, which would automatically disengage FSD. (The car responds to driver input first over the automated system.)  “The results of our leisurely drive corroborate The Dawn Project’s previous findings, which show that Tesla’s Full Self Driving software sometimes does not register basic safety-critical road signs,” O’Dowd told Barron’s in an emailed statement. “Were it not for [Gerber braking] FSD would have put us all in the hospital, turning our one-hour leisurely drive into a tragedy. A product that tries to kill someone every hour should never be sold to consumers, let alone be allowed onto our public roads.” So, why is the National Highway Traffic Administration letting it happen? For starters, driver assistance systems improve safety. There is a risk that any system is abused—such as drivers failing to pay attention. But NHTSA knows that, which is why it requires auto makers to report any incidents involving advance assistance systems.  Tesla actually reports the most incidents of any auto maker by far—about 800 since July 2021. That’s because the company has the largest fleet of connected vehicles on the road, which tell Tesla what happened automatically. Other auto makers have to rely on word of mouth and police reports.   NHTSA, fortunately, doesn’t rely on Twitter to come up with rules and recalls. It takes complaints, investigates them, and requires recalls if a safety issue is identified. NHTSA is investigating Tesla driver assistance technology. It has mandated changes in recalls. A recall comes after the investigation. NHTSA didn’t respond to a request for comment about the O’Dowd-Gerber drive.  Gerber doesn’t feel the same way as his passenger. “Dan and I drove on FSD all over Santa Barbara on a perfect ride,” he told Barron’s. “When taking him home this funky stop sign thing happened where I disengaged the car as I anticipated the white car was turning into me making a left. This was a none event and very common when using FSD.”  For investors, it’s about risk and reward. FSD rewards are easy to imagine. ARK Invest’s Cathie Wood says true self-driving is around the corner and sees a fleet of Tesla robotaxis generating $155 billion in earnings before interest, taxes, depreciation, and amortization, or Ebitda, a year by 2027. That’s more Ebitda than          Apple        (AAPL) generates today.  That’s the high-end potential reward. The risk is that FSD doesn’t become truly self-driving and that other systems pass it in capability. That becomes a market share problem for Tesla. There is also a risk that NHTSA does something dramatic and requires FSD to be “turned off.” It’s something to consider, but it appears to be a small risk. Tesla stock has been relatively unaffected by the incident. Shares are down about 9% over the past five days, but that dip came after they rose more than 50% over the preceding four weeks. Tesla stock is up about 103% so far this year, while the          S&P 500        and          Nasdaq Composite        have added about 15% and 30%, respectively. Write to Al Root at allen.root@dowjones.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":192213470118032,"gmtCreate":1687957580424,"gmtModify":1687957583937,"author":{"id":"3573787663016896","authorId":"3573787663016896","name":"Cxxxx","avatar":"https://static.tigerbbs.com/b8baffb4e3d55b59ce44a8635bb42997","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573787663016896","authorIdStr":"3573787663016896"},"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192213470118032","repostId":2346584978,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":192210076430496,"gmtCreate":1687956654443,"gmtModify":1687956873997,"author":{"id":"4140090365269462","authorId":"4140090365269462","name":"a4xrbj1","avatar":"https://community-static.tradeup.com/news/9d8912bc5b3237f119291ecf0caa4d5a","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"4140090365269462","authorIdStr":"4140090365269462"},"htmlText":"Bullshit story. First of all Ross Gerber was on the gas thus overriding FSD. Secondly he turned a default setting off, causing the car not to apply full brakes in certain battery states (when it's fully charged or the battery is too cold). Lastly the driver is responsible at all time to intervene, so what? It's an edge case as reported (stop line very far from the actual stop sign)and as a matter of fact he brought the car to a standstill just before the stop line. So it didn't even ran the stop sign. Dan O'Dowd owna a company that is the maincompetitor for self driving software, eg used in Mobileye software that legacy OEM's use.","listText":"Bullshit story. First of all Ross Gerber was on the gas thus overriding FSD. Secondly he turned a default setting off, causing the car not to apply full brakes in certain battery states (when it's fully charged or the battery is too cold). Lastly the driver is responsible at all time to intervene, so what? It's an edge case as reported (stop line very far from the actual stop sign)and as a matter of fact he brought the car to a standstill just before the stop line. So it didn't even ran the stop sign. Dan O'Dowd owna a company that is the maincompetitor for self driving software, eg used in Mobileye software that legacy OEM's use.","text":"Bullshit story. First of all Ross Gerber was on the gas thus overriding FSD. Secondly he turned a default setting off, causing the car not to apply full brakes in certain battery states (when it's fully charged or the battery is too cold). Lastly the driver is responsible at all time to intervene, so what? It's an edge case as reported (stop line very far from the actual stop sign)and as a matter of fact he brought the car to a standstill just before the stop line. So it didn't even ran the stop sign. Dan O'Dowd owna a company that is the maincompetitor for self driving software, eg used in Mobileye software that legacy OEM's use.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":21,"commentSize":10,"repostSize":0,"link":"https://ttm.financial/post/192210076430496","repostId":2346584978,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":106453857,"gmtCreate":1687998644784,"gmtModify":1687998650992,"authorId":3586331312533978,"author":{"id":3586331312533978,"idStr":"3586331312533978","authorId":3586331312533978,"name":"Tig888","avatar":"https://static.tigerbbs.com/04500027e5b46c871a85457787f9c53e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192210076430496,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":106453853,"gmtCreate":1687998590431,"gmtModify":1687998596659,"authorId":3580955744929134,"author":{"id":3580955744929134,"idStr":"3580955744929134","authorId":3580955744929134,"name":"boonk","avatar":"https://static.tigerbbs.com/6e58310c6a80ddfbcb69e0989cda7858","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192210076430496,"type":1,"supId":0,"prevId":0,"content":"<u>nice</u>","text":"<u>nice</u>","html":"<u>nice</u>"},{"id":106453401,"gmtCreate":1687969416995,"gmtModify":1687969423653,"authorId":3586325290929443,"author":{"id":3586325290929443,"idStr":"3586325290929443","authorId":3586325290929443,"name":"desc","avatar":"https://community-static.tradeup.com/news/ed437b5190e9447b5b84b28fabcdc693","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192210076430496,"type":1,"supId":0,"prevId":0,"content":"<u>cool</u>","text":"<u>cool</u>","html":"<u>cool</u>"},{"id":106453274,"gmtCreate":1687965032379,"gmtModify":1687965044979,"authorId":3576560237263785,"author":{"id":3576560237263785,"idStr":"3576560237263785","authorId":3576560237263785,"name":"Nagoken","avatar":"https://static.tigerbbs.com/caac3ac5db4b0d37985b9f55a62d569f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192210076430496,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"},{"id":106453253,"gmtCreate":1687964749393,"gmtModify":1687964755729,"authorId":4113906863646382,"author":{"id":4113906863646382,"idStr":"4113906863646382","authorId":4113906863646382,"name":"WonderElephant","avatar":"https://community-static.tradeup.com/news/d0a731b519fb90faaf151d4e1241e73a","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.02.05","exceedPercentage":"80.18%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192210076430496,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}