How Long Will Wall Street Foot Tesla’s Bills? Elon Musk’s visions send Tesla investors’ hearts soaring. They also cost a ton of money, and that can make Wall Street wary. The rate at which Tesla is planning to spend cash surprised some analysts late Wednesday when the company announced its fourth-quarter earnings report. That issue may have contributed to the stock’s 6.4% drop on Thursday.
The company’s capital expenses were actually somewhat lower than expected during the last quarter, but its projections for spending this year stunned some of the people who follow the company. “It seems the scope and scale of the firm’s ambitions have taken the market by surprise, leaving investors to consider both the inherent risk and the opportunity,” Jonas wrote in a note after the earnings report.
Tesla’s has continually posted negative annual earnings, meaning it has to raise money by taking out new debt or selling stock to investors. Tesla’s longer-term plans are also costly. Are driverless Teslas ready for the road? Tesla enters car insurance business as self-driving cars prepare to disrupt the industry | Electrek. Self-driving cars will almost completely eliminate the occurrence of car accidents caused by humans, which represents about 90% of all car accidents in the U.S. according to NHTSA.
Consequently, autonomous driving has the potential to save millions of lives and millions in repair costs around the globe every year. That’s great for almost everyone except the car insurance industry. This upcoming disruption makes this news particularly interesting considering it’s coming from a leader in autonomous driving technology. Electrek has learned that Tesla is entering the car insurance business starting with new programs in Australia and Hong Kong. The new program is called InsureMyTesla and it features custom insurance plans for the company’s vehicles underwritten by bigger insurers partnering with Tesla.
In Hong Kong, Tesla is partnering with AXA General Insurance and in Australia, the automaker released its new plan with QBE Insurance. Here’s the new brochure for the plan: U.S. closing Tesla death probe, won't seek recall: source | Reuters. Germany asks Tesla not to use 'Autopilot' in advertising - Connected Car Tech. (c)iStock/ricochet64 The German transport minister has asked Tesla to stop using the word Autopilot in the advertising for its cars, according to Reuters. A spokeswoman from Alexander Dobrindt's ministry, the Federal Motor Transport Authority (KBA) confirmed that they had written to Tesla to make this request, following a report in the German Bild am Sonntag newspaper. The idea behind asking Tesla to stop using the word Autopilot was reportedly as it may be misleading and suggest a driver's attention isn't needed on the road.
However, Reuters reached out to a Tesla spokesperson, who said the term Autopilot, the term describing a system working alongside a human driver, had been used in aerospace for decades. According to the report, she added that the company had always made it clear to customers that assistance systems required drivers to pay attention at all times Related Stories. Itpro.co. Tesla has upgraded the self-driving software in its cars to take advantage of their onboard radar, which they have had since 2014. The update to Autopilot, which is billed by the company as the technology’s “most significant upgrade”, will use more advanced signal processing to create a picture of the world using the onboard radar. Version eight of the software will see the car relying less on the vehicle’s cameras and more on radar.
“This is a non-trivial and counter-intuitive problem, because of how strange the world looks in radar,” the company said in a blog post. “Photons of that wavelength travel easily through fog, dust, rain and snow, but anything metallic looks like a mirror. It added that any metal surface with a dish shape is not only reflective but also amplifies the reflected signal to many times its actual size. Other problems to be overcome are interpreting overhead signs and bridges, which can be misinterpreted when a road dips. Privacycalendar. Read Nikola Tesla's Drone Patent... From 1898. <img src="<span pearltreesdevid="PTD1894">http</span><span pearltreesdevid="PTD1896">://</span><span pearltreesdevid="PTD1898">pixel</span><span pearltreesdevid="PTD1900">. </span><span pearltreesdevid="PTD1902">quantserve</span><span pearltreesdevid="PTD1904">.
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</span><span pearltreesdevid="PTD1948">122</span><span pearltreesdevid="PTD1950">. None. Tesla says autopilot is saving lives. Should we believe it? Justin Sullivan/Getty Images On a balmy Tuesday afternoon in late July, 37-year-old attorney Joshua Neally left work early. He climbed into his new Tesla Model X to drive the 45 minutes from law office in Springfield, Missouri, to his house in Branson, Missouri. He was going home to celebrate his daughter’s fourth birthday. He steered the electric luxury SUV into the gathering rush-hour traffic on Highway 68 and turned on autopilot, a feature unique to Tesla that allows a car to pilot itself—braking, accelerating, steering—for long stretches of freeway driving.
It’s a feature that has drawn rebukes from rival companies and sparked investigations by federal regulators after a driver named Joshua Brown was killed in a crash in Florida while using it. Although a Tesla with autopilot is not a true self-driving car, the company’s technology has become a bellwether for Silicon Valley’s ambition to replace human drivers with software. Joshua Neally Did autopilot save Neally? Tesla Autopilot Safety - Musk Didn't Listen to Engineers' Concerns. Tesla has had a tough couple of months defending its Autopilot advanced cruise control feature.
The semi-autonomous technology has been linked to a crash that killed a Tesla driver in May, and brought up in numerous nonfatal accidents since then. Now, CNN has interviewed several current and former Tesla employees, all of whom say they raised significant safety concerns during Autopilot development—only to be dismissed by CEO Elon Musk. Advertisement - Continue Reading Below Those with inside knowledge of how Autopilot was developed and implemented describe a culture that eschewed safety precautions in the name of faster rollout of the new technology.
One unnamed source told CNN that the team's motto was "not to let the perfect be the enemy of the better," with Musk insisting, "don't let concerns slow progress. " Eric Meadows, a former Tesla autopilot engineer who has since been dismissed, told CNN that his initial excitement for the technology turned to fear as he realized its limitations. Another Tesla Autopilot Crash - Tesla Model X Accident Blamed on Self-Driving Tech. Tesla just can't seem to catch a break these days. We're now hearing of another Tesla crash being blamed on Autopilot—the third to be reported in two weeks. In this latest incident, which occurred Saturday night in Montana, a driver of a Model X claims that he was driving with Autopilot engaged at 50-60 mph, when the car veered off the road into a wooden guard rail, destroying the right side of the vehicle. Advertisement - Continue Reading Below According to Electrek, the driver, via his friend's post on the Tesla Motors Club forum, claims he was using Autopilot on a road without a center divider when the incident occurred.
You can see photos of the accident aftermath here. Since the system was not designed for roads without adequate lane markers, it's possible that the Autopilot system may have disengaged on the fly due to lack of visual data. This wreck comes soon after publication of the death of Joshua Brown, who was killed when his Tesla Model S crashed while on Autopilot in May.
Tesla Model X Crash - Autopilot Blamed in Self-Driving Car Accident. Just one day after the National Highway Traffic Safety Administration launched an investigation into a fatal Tesla crash that occurred while Autopilot was engaged, the semi-autonomous software is being implicated in a second high-speed crash. Thankfully, no injuries have been reported. The Detroit Free Press reports that art dealer Albert Scaglione, 77, was driving with his son-in-law on the eastbound side of the Pennsylvania Turnpike about 107 miles east of Pittsburgh when his Tesla Model X electric SUV struck a right-side guardrail, ricocheted into the center concrete barrier, then rolled over onto its roof. Advertisement - Continue Reading Below According to Dale Vukovich of the Pennsylvania State Police, who responded to the crash, Scaglione said he had Autopilot engaged when the accident occurred. Vukovich told the Free Press that he plans on citing Scaglione for the crash, though he did not specify the offense. via Jalopnik.
Tesla autopilot fail videos shows what happens when autonomous driving goes wrong Less than a week into Tesla's roll out of its autopilot software, footage has emerged showing the dangers of the system. The update lets the car use a range of sensors both inside and outside the vehicle to maintain its speed, keep a safe distance from the car in front and even change lanes automatically.
But for drivers who keep their hands off the wheel, the car can sometimes veer out of its lane, according to two new videos. They raise questions over the 'ambiguous' legal rules surrounding self driving cars, as New York is the only state that requires a 'driver' must have a hand on the wheel at all times. Scroll down for video Less than a week into Tesla's roll out of its autopilot software, footage has emerged showing the dangers of the system. 'I admit I started to ignore the warning to keep my hands on the wheel so that I could record the moment to share with friends,' YouTube user RockStarTree wrote. 'That's when all hell broke loose.
Loaded: 0% Progress: 0% MinimizeExpandClose. Tesla reportedly eyes brakes in fatal Model S crash. Tesla is considering two possible scenarios that would explain the fatal Model S crash in Florida, and according to Reuters and The New York Times, neither is about Autopilot. During a meeting with the US Senate Commerce Committee, the automaker reportedly presented two theories.
First is the possibility that the car's automatic emergency braking system's camera and radar didn't detect the incoming truck at all. The other theory is that the braking system's radar saw the truck but thought it was part of a big structure, such as a bridge or a building. It's programmed to ignore huge structures to prevent false braking, after all. If you'll recall, the Model S in this incident collided with a tractor trailer while Autopilot was on. Since the company's semi-autonomous driving system is a fairly new technology, both the National Transportation Safety Board (NTSB) and the Securities and Exchange Commission are investigating the incident. Related Video: Tesla's 'Autopilot' Will Make Mistakes. Humans Will Overreact. - Bloomberg View. In 1986, for reasons that now seem absurd, the Audi 5000 became the victim of a national panic over “sudden acceleration incidents.” These were, allegedly, events in which the car shot forward even though the driver was not stepping on the gas, but was rather pressing on the brake as hard as possible.
There had always been a certain number of these incidents reported to regulators. Regulators didn’t do much with them, because they assumed what you are probably assuming: The drivers were not, in fact, stepping on the brake, but were flooring the gas. Then in 1986, the New York Times wrote an article on the phenomenon. It mentioned the Audi only in passing, but it caught the eye of a woman on Long Island who had had two such accidents in her Audi.
Eventually, the National Highway Traffic Safety Administration got involved, and wrote up a report which found that … yup, these drivers were stepping on the gas instead of the brakes, often with horrific results.