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Replies to post #76954 on Tesla Inc (TSLA)
04/26/23 12:36 PM
Wall Street appears to be losing faith in Tesla stock. Price cuts are why and price “elasticity” is a new fear.
Jefferies analyst Philippe Houchois downgraded Tesla (ticker: TSLA) stock to Hold from Buy on Tuesday evening and lowered his price target to $185 from $230 a share.
04/26/23 12:46 PM
Tesla Again Paints A Very Misleading Story With Their Crash Data
Every quarter, Tesla releases crash data on their cars in various modes.
Their raw numbers do seem very good, but the reality is disturbingly different.
I have done analysis of these reports before, generally concluding that what they actually show is that users of Autopilot have a roughly similar number of crashes to those not using it. The Impact report did not cite a number for non-Autopilot use with ADAS active safety, but the quarterly safety report for Q4/2022 reported about 0.71 airbag events per million miles, a bit worse than the annual summary.
Tesla’s number give a very incorrect impression — so incorrect that it is baffling why they publish them when this has been pointed out many times by many writers and researchers. Oddly, Tesla has the real data — they have the best data in the world about what happens to their vehicles. The fact that they could publish the truth but decline to, and instead publish numbers which get widely misinterpreted raises the question of why they are not revealing the truth, and what it is that they don’t want to reveal.
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