As Tesla Yanks "Laughably Bad" Full-Self-Driving Beta, ARK's Wood Sets $3,000 Price Target

It was an eventful week last week for those watching the perpetual saga that is Tesla motors. At right about the same time the stock's - err, company's - biggest fan wound up releasing a new financial "model" with a new astronomical price target on the name, Elon Musk withdrew the company's latest Full Self Driving beta v8.2 after it was absolutely thrashed by critics like Road and Track who called it "laughably bad" and "potentially dangerous".

Tesla, Tesla Model X, Charging

"If you think we're anywhere near fully autonomous cars, this video might convince you otherwise," Road and Track wrote about Tesla's Full Self Driving feature. The article referred to the feature as "morally dubious, technologically limited, and potentially dangerous". 

The video shows what would otherwise be called a comedy of errors, but for how dangerous the Full Self Driving beta could actually be. "It appears hapless and utterly confused at all times, never passably imitating a human driver," Road and Track wrote.

The article then goes on to list how, exactly the Tesla "breaks a variety of traffic laws", "nearly slams into a Camry", has another "near collision" and, at one point, "drives into the oncoming lane". 

The video caught fire on social media on fire, obviously making its rounds quick enough to prompt some damage control from Tesla. Elon Musk Tweeted on Friday that there was "limited value" to testing the version that Tesla had just put on the roads. He said he was hoping to upload a new version "next month".

This walk back on FSD - which, as a reminder, Tesla has been charging customers thousands of dollars for, for years - also comes days after a pregnant mother in Red Bank, NJ said that a driverless Tesla almost hit her and her toddler. "The car's owner wasn't even outside when this happened. I'm six months pregnant, so I couldn't even run across the parking lot to speak with them," she told Patch. 

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William K. 3 weeks ago Member's comment

Quite an interesting article and certainly an interesting string of tweeted comments.

But now for some brutal reality: There is no such thing, in the real world, as a self-driving car. They are all COMPUTER DRIVEN cars and trucks, and that means that everyone of them is subject to all of the flaws associated with computers! That includes "goofy" updates and poor programming. And certainly it includes control schemes unable to handle "exceptions".

So while a fully electric car with the greatest driver ASSISTANCE systems could be great, we should not ever expect a car to be smarter than a normal driver. (Note that I said Normal, NOT average.)

So if somehow Tesla does get everything right, that share price projection is still an example of overdoing "product puffing", and widely detached from reality.

AND, because EVERY software update is a safety recall, who would want to own a car that required weekly safety recalls?? Even if the car were almost free???