This was a nice overview and it was great to discover your Substack. My sense of the next steps for Tesla mostly pivot on its willingness to conform to norms. Having experienced FSD and even Autopilot, the systems are quite impressive. I believe the real data that paints reality is Tesla's UNWILLINGNESS to submit to regulation and even abject avoidance. Anyone who has experienced their vehicles realizes these are not Level-2 systems but only are certified in that fashion to AVOID compliance and transfer liability to the fanboys at least in the case of FSD. I believe any sensible investment decision in what this latest Hollywood/Carnival Barker presentation might be validated WHEN AND IF Tesla applies and certifies SAE Level 3 compliance at a minimum. I would agree that Level 4 compliance and the insurance liability transfer it implies will require a commitment by the firm to indemnify the public from its go-fast approach it has accomplished up to now. The no steering wheel / pedals nonsense is illusory and is probably as likely that the pursuit of Mars will be skipped and Musk will proceed directly to Uranus. It is the apt planet name for a person who pursues a farting sound for a horn :)
This was a nice overview and it was great to discover your Substack. My sense of the next steps for Tesla mostly pivot on its willingness to conform to norms. Having experienced FSD and even Autopilot, the systems are quite impressive. I believe the real data that paints reality is Tesla's UNWILLINGNESS to submit to regulation and even abject avoidance. Anyone who has experienced their vehicles realizes these are not Level-2 systems but only are certified in that fashion to AVOID compliance and transfer liability to the fanboys at least in the case of FSD. I believe any sensible investment decision in what this latest Hollywood/Carnival Barker presentation might be validated WHEN AND IF Tesla applies and certifies SAE Level 3 compliance at a minimum. I would agree that Level 4 compliance and the insurance liability transfer it implies will require a commitment by the firm to indemnify the public from its go-fast approach it has accomplished up to now. The no steering wheel / pedals nonsense is illusory and is probably as likely that the pursuit of Mars will be skipped and Musk will proceed directly to Uranus. It is the apt planet name for a person who pursues a farting sound for a horn :)