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How could it possibly be worse?
Australian firefighters contain Megapack fire
Bouldercombe residents told to stay indoors as fire crews take advice from Tesla to allow the fire to burn out, which may take several days
A fire has taken place at a 50MW/100MWh grid-scale battery storage project in Queensland, Australia, as it reached the final stages of its commissioning phase.
The battery, nicknamed ‘Big Bessie’, is one of 40 lithium Megapack 2.0 units supplied by Tesla on a site privately owned by renewable energy and storage developer Genex. Genex said in a statement that no one was on site at the time of the incident.
The first true hands-free car in the US is not a Tesla
Autonomous drive systems are ranked from level 0-5, describing how much capability the system has. In general, levels 0-2 are primarily human-driven, and levels 3-5 are primarily autonomously driven.
Most manufacturers selling cars today have some sort of driver assistance system that can be categorized as level 2. Every other system in the US (except driverless taxis like Waymo/Cruise, which are geofenced level 4 systems) caps out at level 2, which means that drivers still have ultimate liability for anything that happens while they are behind the wheel.
(A note: GM calls “Super Cruise” a “hands-free” system, which does let you drive without touching the wheel, but it is still a level 2 system, and drivers must keep their eyes on the road and are still ultimately responsible for the vehicle while behind the wheel.)
But Mercedes Drive Pilot is a level 3 system – the first validated to work in the US. Mercedes described this gulf between level 2 and level 3 as a “moonshot,” a step change in how people can use their vehicles.
What that means is this is the first system in the US that is actually validated to take full control of the vehicle, under certain circumstances, freeing you to do other tasks than driving. The system has been out in Germany for about a year now (and Mercedes claims it has tallied zero accidents while enabled, so far), but is only just coming stateside.
Continue reading... https://electrek.co/?p=324255
Mercedes offers Drive Pilot Level 3
When Drive Pilot Level 3 is permitted to be activated the car not only takes control but is also liable. That's how completely assured the system is by Mercedes. You could even watch a YouTube video on the car's hyperscreen main console whilst sat in traffic. This marks a major step forward in automation and is something that even Tesla can't rival, as while that brand's Autopilot system has been granted a level 2 classification (in the SAE's 1-to-5-level system), that's where it has remained for a number of years.
Mercedes-Benz is the first and only car maker to be granted level 3 for its EQS and S Class vehicles – thus far in the states of California and Nevada, plus in the brand's native Germany, with further expansion inevitable – and it's not some kind of make-believe, as I discovered whilst testing Drive Pilot Level 3 in the stop-start traffic that was busying California's i10 highway.
Continue reading... https://is.gd/w5dRmD
ANCIENT NEWS!!!
That was carved into stone walls in Egypt.
GIVE IT UP - YOU CLEARLY SUCK AT FINDING TOPICAL ARTICLES.
Deutsche Bank issues warning on expected deliveries miss
Analysts are changing their tune on Tesla (TSLA) third-quarter delivery estimates, cutting predictions just days before the EV giant is expected to release quarterly delivery data.
Expect delivery forecasts to keep coming down, as analysts adjust their figures in the final days. Some recent notes state Tesla's Q3 deliveries will come in well below 460,000.
On Tuesday, Deutsche Bank analyst Emmanuel Rosner cut the firm's price target on Tesla stock to 285 from 300. Rosner also lowered his Tesla delivery prediction to 440,000, down from 455,000.
Moreover, Rosner sees "meaningful downside risk" to 2024 consensus estimates due to limited volume growth. Deutsche Bank expects 2024 deliveries to total 2.1 million, below the current consensus of 2.3 million units. Rosner also sees 2024 EPS of $3.90, which would be below 2022 profit levels.
Meanwhile, Baird analyst Ben Kallo on Tuesday projected Tesla deliveries to total 439,200 vehicles in Q3. Kallo wrote that "planned factory downtime" and "questions regarding demand" have created confusion about which way Tesla deliveries will go.
On Friday, Barclays analyst Dan Levy wrote that he expects Tesla to deliver 455,000 vehicles and production to be 435,000 vehicles, down from 480,000 produced in Q2.
"Underscoring our expectation for a slight miss is that demand remains soft. Of course pricing actions may have helped offset weak demand to some extent, as we saw ongoing price actions in 3Q," Levy wrote, adding that inventory is likely reduced amid price discounts.
New Street Research analyst Pierre Ferragu added Friday he expects Tesla to deliver 438,000 units, 5% below the consensus view.
Not if it's like Q3.
Induced psychosis is what you ought to be concerned about.
What do you hope to accomplish HERE?
Even those here who drive Muskmobiles don't seem to care about SUA, whompy wheels, Hutchinson Effect, EM glitches or even the deadly software.
They don't even seem to care about the value of their shares plummeting like that doctor's Tesla off a California cliff.
Perhaps I should be calling them Muskwägens given the CEO's propensity for Nazism.
Here he is speaking to workers at the Fremont plant.
Sudden Unintended Acceleration linked to "Pedal Misapplication"
Nope - didn't forget.
Information "received" by NHTSA is not information verified by NHTSA.
Once they receive information they have a duty to determine whether it is relevant. And if so, is it scientifically accurate?
It would be pretty fucked up if NHTSA took everything they receive at face value.
Umm, who's gonna tell Morgan Stanley they're wrong?
You posted it george, I say it's your duty.
I'll be watching for the millions of Teslas 'round the world that are about to "veer out of their lane and/or speed up (SUA)" during the imminent geomagnetic storm.
Because we know from your rigorous and continual reporting that ALL Teslas are affected from even the slightest EM fluctuations.
It's as if the Sun hates Elmo Muskrat as much as everyone on Earth does, or should.
It will be exciting to watch all the carnage and battery explosions that result from the CMEs. 🥳
There are sure to be thousands of deaths and untold numbers of injuries seeing as how this is such a ubiquitous event.
Shouldn't everyone on the planet be warned not to drive or even go near a Tesla during these catastrophic occurrences?
What you haven't explained though (and I'd really like an explanation), is why ONLY Teslas are affected.
LMAO at MEDS news today. https://is.gd/NrUHTV
Fools here been expecting Suren to pull off a merger with a pharmaceutical company.
Please do your d/d! Paid pumpers only pump a garbage stock!
It hasn't rocketed since the scam IPO.
It's not old geezers, it's 'publicans.
There are plenty of Dems of all ages who want it legalized.
💩 Luv them 3s! 💩
Which will come first - .0001 or EM?
Hooray! Optimus can place blocks in trays.
What an achievement!
How soon can this marvel replace the obsolete and dysfunctional CEO?
Lawmaker seeks details of Tesla relationship with Chinese battery maker CATL
A senior Republican in Congress asked Tesla Tuesday to detail its relationship with Chinese battery manufacturer CATL amid concerns U.S. electric vehicle subsidies were improperly flowing to foreign entities.
The chair of the House Ways and Means Committee, Representative Jason Smith, asked Tesla CEO Elon Musk in a letter if the electric vehicle (EV) maker has contracts with CATL or is considering contracts.
Smith said the committee is concerned CATL "may be trying to negotiate other agreements like the agreement with Ford." Reuters previously reported Tesla was CATL's biggest client.
Republicans in Congress have been probing Ford Motor's planned $3.5 billion investment to build a battery plant in Michigan using technology from CATL, the world's largest battery maker.
The auto industry is watching how new rules around future EV tax credits will be implemented as they make investment decisions on producing batteries for their transition to EVs.
In 2022, Congress passed the $430 billion Inflation Reduction Act (IRA) which will bar future EV tax credits if any battery components are manufactured or assembled by a "foreign entity of concern."
The foreign entity of concern rules are aimed at weaning the United States from Chinese supply chains and come into effect in 2024 for completed batteries and 2025 for critical minerals used to produce them. The question is what precisely constitutes a "foreign entity of concern", and so far no foreign battery supplier has been labeled as such.
Smith asked Musk whether, aside from boosting North American manufacturing, his company had "taken any actions to increase production of the number of vehicles that will qualify for the clean vehicle credit?"
Smith also wrote Nissan on Tuesday asking for details about its battery suppliers and whether its U.S. manufacturing plans "include the production of batteries or battery components for EVs?"
Tesla, CATL and Nissan did not immediately respond to requests for comment.
In July, Smith and Mike Gallagher, Republican chair of the Select Committee on China, demanded Ford answer questions about the CATL deal.
"We are concerned that the deal could simply facilitate the partial onshoring of PRC-controlled battery technology, raw materials, and employees while collecting tax credits and flowing funds back to CATL through the licensing agreement," the letter to Ford said.
Ford told Reuters Tuesday it agrees that "U.S. taxpayer dollars should support American manufacturers, not foreign entities of concern." It defended its planned battery plant as "one owned and controlled solely by Ford, a proud American company."
Ford is awaiting guidance from the U.S. Treasury to ensure the partnership does not run afoul of the Act.
Smith wrote Treasury Secretary Janet Yellen Tuesday saying she should immediately issue the guidance and "make clear in the most comprehensive way possible that taxpayer subsidies cannot flow to foreign entities of concern through any structuring mechanism conceivable."
Treasury said the IRA is "encouraging investments in America and building secure supply chains rather than outsourcing to places like China" and it "will continue to assess and respond to any national security concerns associated with both international and domestic supply chains."
Engineering whistleblower explains why safe Full Self-Driving can't ever happen
TheStreet reported last week that there are a number of vulnerabilities in the artificial intelligence models that power self-driving cars, not the least of which involves a lack of standardized testing platforms across the industry to ensure independently verified safe models.
Safe, human-level self-driving, however, isn't somewhere up around the bend, according to Navy veteran and engineer Michael DeKort. The costs, he says, in human lives, time and money, are too high for true, safe self-driving to ever be achieved.
The issue for DeKort — the engineer who exposed Lockheed Martin's subpar safety practices in 2006 — is that artificial general intelligence (an AI with human-level intelligence and reasoning capabilities) does not exist. So the AI that makes self-driving cars work learns through extensive pattern recognition.
Human drivers, he said, are scanning their environment all the time. When they see something, whether it be a group of people about to cross an intersection or a deer at the side of the road, they react, without needing to understand the details of a potential threat (color, for example).
"The problem with these systems is they work from the pixels out. They have to hyperclassify," DeKort told TheStreet. Pattern recognition, he added, is just not feasible, "because one, you have to stumble on all the variations. Two, you have to re-stumble on them hundreds if not thousands of times because the process is extremely inefficient. It doesn't learn right away."
"You can never spend the money or the time, or sacrifice the lives to get there," he said. "You have to experience to learn and you have to experience over and over again."
Self-driving cars would have to clock billions to hundreds of billions of miles using their current methods to achieve a fatality rate in line with that of human drivers: one per 100 million miles, a 2016 study by Rand found. Rand found that as self-driving cars seem to improve, it gets harder to analyze their performance accurately because of the rarity of certain edge cases.
Tesla's beta version of FSD, according to Elon Musk, has covered some 300 million miles; the company would have to scale up mileage by 100 to 1,000 times to create a system that is as good as human, according to Rand's calculations. Still, as Musk himself inadvertently demonstrated in a recent demo, drivers can't yet take a nap while their Tesla takes them somewhere; human drivers need to be ready to take control at a moment's notice.
Tesla is currently facing a series of investigations into the safety of its FSD software.
YOUR CAPS LOCK IS STUCK AGAIN!!!!! 👿
In case you needed another reason to hate Elmo
Muskrat reportedly lied about how many monkeys his Neuralink implant killed
Musk insists that no monkeys died in trials and that the brain implant is ready for human trials. A horrifying new WIRED report suggests otherwise.
Medical implant company Neuralink killed at least a dozen monkeys through animal testing, after first subjecting the primates to horrifying conditions, despite founder Elon Musk’s claims otherwise, according to a new WIRED report.
Musk announced Wednesday that Neuralink was ready to start human trials, despite widespread concerns about the effects of the implant and the company’s animal testing methods. But Musk had assured his followers 10 days earlier that no monkey test subjects died due to the implant. Instead, Musk insisted that the company had conducted its early tests on monkeys that were already close to death.
Except, it turns out that wasn’t the case. That same day, WIRED published a report that blew Musk’s claim to bits.
Musk’s statement is “ridiculous” and even a “straight fabrication,” a former Neuralink employee told WIRED, speaking anonymously. “We had these monkeys for a year or so before any surgery was performed.”
Neuralink’s monkeys were also fairly young, according to a doctoral candidate who is working at the California National Primate Research Center, which helped Neuralink conduct its tests. The candidate, also speaking anonymously, told WIRED that “it’s hard to imagine these monkeys, who were not adults, were terminal for some reason.”
Veterinary records show that as many as a dozen monkeys had to be euthanized after they were implanted with Neuralink devices because they developed agonizing complications, WIRED reported Wednesday. The monkeys’ issues included bloody diarrhea, partial paralysis, and cerebral edema, or “brain swelling.”
One monkey dislodged an implant connector because it kept yanking on the device. When veterinarians conducted surgery to repair the device, they found the implant area had become infected—and couldn’t be healed because the device was blocking their access.
Another monkey kept picking at her implant until it bled, and would repeatedly press her head to the floor in a sign of pain or discomfort. She became lethargic, opting to lie on the floor of her cage and hold hands with her roommate, until she saw lab workers. Then she would start to shake uncontrollably. After she was euthanized, a necropsy revealed the implant had severely damaged her brain.
Yet another monkey had to be euthanized after his implant screws became so loose that the whole device could “easily be lifted out,” according to the necropsy report. The report also said that “the failure of this implant can be considered purely mechanical.”
Neuralink is already under two federal investigations over its animal testing practices. The Department of Agriculture opened an investigation in December 2022. At the time, Reuters reported that Neuralink had killed about 1,500 animals during testing since 2018.
The Department of Transportation opened another investigation in 2023 over allegations that Neuralink was transporting antibiotic-resistant pathogens in an unsafe manner.
Cathie Wood dumped 170k Tesla shares this week as TSLA falls harder than the S&P 500
Cathie Wood's Ark Investment Management sold 62,367 Tesla shares for around $16 million Thursday, based on Tesla stock's closing price of 255.70, according to the company's daily trade disclosure.
On the week, Wood sold 171,617 TSLA shares over Tuesday, Wednesday and Thursday.
Wood's Tesla trades this week were done through the ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW). TSLA is the top holding in ARKK, with a 11.08% weight. Meanwhile, in ARKW, Tesla sits fourth with a 6.78% weight.
Cathie Wood's decision comes as Tesla stock, ahead of Friday trade, has dropped 6.8% on the week. The S&P 500 dropped around 2.5% so far.
Last week, Cathie Wood began selling Tesla stock after taking nearly a month off from touching her TSLA holdings. Wood has been locking in profit on Tesla stock since mid-June and the total number of shares sold since June 12, including Thursday's sale, amounts to more than 1 million.
Cathie Wood: Tesla Stock
Tesla stock fell 4% to 245.17 Friday during market action, dropping below its 50-day line. On Thursday, shares fell 2.6% to 255.70, essentially round-tripping all of the prior week's gains spurred by the bullish analyst call on the EV maker's Dojo supercomputer and self-driving prospects.
With Tesla's third quarter also soon coming to an end, Wall Street has revised its view on vehicle deliveries. The consensus view is Tesla will deliver 468,000 vehicles in Q3, down from the previous view of 470,000, according to FactSet. However, some analysts believe Tesla's Q3 total will come in below Q2's record-setting 466,000 delivered vehicles.
That's you.
Apparently you haven't been in Scamland long. Nope - account created 4/15/22, not long at all.
One thing I've learned is that many investors will hang onto rotten stocks if there's even a glimmer of hope that things will improve.
Many would rather go down with the ship than abandon their baggage.
Often there's not even a glimmer - the flame has been extinguished, still they sit alone in the dark muttering soon, soon, soon, soon...
There are people right now posting on boards of Expert Market tickers whose mgmt. hasn't been heard from in a year or more.
Every day they post about how it's just a matter of time, something big is coming, a merger is imminent, the new owner wouldn't have bought it just to let it die, etc. etc. etc.
The FACT is, many owners have bought shells and let them die.
Maybe they originally had big plans and good intentions, but through negligence, incompetence or outright greed, shareholders became bagholders.
Is that what you call being on a tear?
OGI is down 25% from its high a week ago.
It was a bubble full of hot air. Just like what happened at Akanda the beginning of the month.
AKAN is now down 43% from 11 days ago when it hit $1.05 - suspiciously just enough to keep it on Nasdaq a while longer.
Then it nosedived like it always does.
IMO it's being manipulated - just like its shareholders are.
You're not an "EV-denier" simply because you don't want one.
Am I a Coca-Cola denier because I prefer Pepsi?
Have you seen the chart and the sales figures? Most of the country is NOT buying EVs. Are they all "EV-deniers?"
In California EV sales just reached 25% of new car sales. https://californiaglobe.com/?p=55652
There are many perfectly valid reasons for not wanting one at this time, and we've already discussed them.
In particular there are many good reasons for not wanting a Muskmobile.
If your memory is that poor, I suggest you start bookmarking links and taking notes. Maybe keep a daily journal of what you've read here.
Ohhhhhhh, I forgot: the Cult-Aid prevent you from remembering anything that's not 100% pro-Tesla.
That's probably a good thing, you'd be horrified if you could recall all the adverse legal actions Tesla is facing.
DRINK UP!
If you're a member you should have read the Handbook.
Seems you haven't or you'd know there's no need to put the * in "FUC*ING" anymore - the new rules have been relaxed.
Besides, it doesn't lessen the impact of the word.
Tesla lawsuit lawyers want $10,000 an hour
A legal team that forced Tesla's directors to agree in July to return more than US$700 million in compensation to the automaker for allegedly overpaying themselves are now seeking a huge payday of their own.
The lawyers want a judge to approve US$229 million in fees, or US$10,690 an hour, according to a Sept. 8 filing in Delaware's Court of Chancery.
The proposed fee award, if approved, would be among the largest ever to result from a shareholder lawsuit filed against a board. The sum would be distributed among lawyers from four firms that spent several years building a case against the compensation paid to Tesla's directors from 2017 to 2020.
The legal fee and the settlement must be approved by a Delaware judge at a hearing scheduled for October.
The 12 director defendants, including James Murdoch and Larry Ellison, agreed to return US$735 million in compensation, forego another potential US$184 million and overhaul the way the board determines director pay. The money from the settlement will be paid to Tesla and benefits shareholders indirectly, a type of case known as a derivative lawsuit.
The law firms estimate the total settlement value at US$919 million and are seeking 25 per cent of that as fee. They are also seeking about US$1 million in expenses.
Partners and other staff from the law firms of Bleichmar Fonti & Auld and Fields Kupka & Shukurov, both of New York, each billed more than 10,000 hours on the case. McCarter & English attorneys and staff in Wilmington, Delaware and Ronald King, a Lansing, Michigan-based attorney with the Clark Hill firm, also billed hundreds of hours.
The Telsa directors have not objected to the fee request but are expected to do so, according to a court filing by the plaintiffs' lawyers.
Delaware courts have approved higher hourly rates. In 2012, the Delaware Supreme Court affirmed a US$304 million fee in a Southern Copper shareholder lawsuit involving US$2 billion of damages. The fee worked out to US$35,000 an hour, and the defendants opposed it. The state's high court said judges should examine the outcome achieved, not the hourly rate.
The Delaware Court of Chancery judge overseeing the Tesla case, Kathaleen McCormick, has scheduled a hearing on Oct. 13 to approve the settlement and the fee. Tesla shareholders have until Friday to file an objection.
Can't argue with that.
Oh goody - another post, that must mean more $$ in my account - Ima go check.
Ditto
Everyone wants to shoot the messenger.
I don't create the bad news, I just report and mock it.
It's these scam CONpanies who create it.
Not so very long ago shareholders were absolutely positive the Great Steve-o was going to turn Eline Fraud Group into a prosperous Pink media company.
Then they stupidly believed he would Transform EEGI into a martial arts powerhouse.
But it was investors who got kicked in the teeth. 🦷
It's called regret avoidance.