Post by lookingforatenbagger on Feb 17, 2023 17:18:05 GMT
"In a recall notice, federal regulators said Tesla’s Full Self-Driving Beta software, meant for urban driving, may increase the risk of crashes by allowing vehicles to “exceed speed limits or travel through intersections in an unlawful or unpredictable manner.”
Buried much further down is:
"“The problem can be fixed with a simple over-the-air software update at no cost, which is much different than a physical vehicle recall,” CFRA analyst Garrett Nelson told MarketWatch."
www.marketwatch.com/story/tesla-stock-turns-lower-after-recall-news-ce50a45a
This ties into another MarketWatch opinion article from the end of January:
Tesla beat earnings thanks to $300 million from ‘full self driving,’ a product that still doesn’t live up to its name
"Elon Musk recognizes revenue from rolling out beta version of ‘FSD,’ more than six years after introducing the technology that now costs $15,000 — even though it still doesn’t do what its name suggests."
362,758 * $15K ~ $1/2 BILLION dollars.
Buried much further down is:
"“The problem can be fixed with a simple over-the-air software update at no cost, which is much different than a physical vehicle recall,” CFRA analyst Garrett Nelson told MarketWatch."
www.marketwatch.com/story/tesla-stock-turns-lower-after-recall-news-ce50a45a
This ties into another MarketWatch opinion article from the end of January:
Tesla beat earnings thanks to $300 million from ‘full self driving,’ a product that still doesn’t live up to its name
"Elon Musk recognizes revenue from rolling out beta version of ‘FSD,’ more than six years after introducing the technology that now costs $15,000 — even though it still doesn’t do what its name suggests."
362,758 * $15K ~ $1/2 BILLION dollars.