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He should be totally overjoyed, not bitter.
The current stock price, despite YTD of -36%, is still way over any kind of realistic valuation. And by that I mean orders of magnitude off.
Price to earnings makes it still look like a very, very, very hopeful/optimistic startup in the development phase, rather than a withering, fake luxury, niche automaker facing boycotts and being "run" by a full-blown Nazi that everyone hates.
If you still own Tesla shares, get the fuck out of it now. The recent collapse is nothing.
This 100%. Tesla remains massively overvalued, and it's on the basis that in the future the company will dominate with self drive cars. It's vaporware on a scale never before seen.
Tesla has fundamentally flawed self-drive technology because someone stripped out essential tech to save money. Lidar is essential to self driving cars but some genius decided they knew better than their own engineers and the self drive industry as a whole and instead made their vehicles and tech camera only. That genius? Elon fucking Musk.
The guy's an idiot. The company is an overpriced joke.
Psst... you know that Waymo is also looking into AI models that don't use lidar? And it's not just Tesla and Waymo now either, there's some others as well.
https://waymo.com/research/emma
Thats not to say that it will be a success, but ya know, maybe it's actually possible, and even Waymo seems to think it's possible and worth researching. Thats a lot of people looking into something thats clearly "fundamentally flawed"
As I understand it, it is fundamentally possible, but at this point one of the worst bottle necks is the physical processing power required to analyze the video feed. Millisecond paced analysis of multiple aspects of multiple HD video feeds in real time by "AI" still takes some pretty heavy duty computational hardware at this point, which is impractical in a real world vehicle. It is prudent to do the research now though to be ready for the day when the hardware catches up. That said, I reckon that Waymo is in a much better position to do this research than than Tesla. Being under Google/Alphabet, they have access to the nearly 2 decades worth of Google Maps and Google's machine vision training work, among other things, like not being a meme stock company headed by an emperor whose clothes are beginning to dissapear.