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Crucial FSD obstacles coming down (another one found during nighttime insomnia):

Reuters: Britain sets out roadmap for self driving vehicle usage by 2025

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There is an open consultation on the proposed leglislation:

My concerns are that:
1. the bar will be set at nothing less than perfection.
a "Competent and careful driver" should never crash due to a their fault.

2. There are different practical standards for a human driver and FSD with manufacturer responsibility.
e.g. a deer jumps out in front of a car. A human driver would not normally be held responsible, it would be seen a no-fault accident, the burden of
proof on any claimant would be to show the driver was negligent in not avoiding the crash.
A self-driving car would have to prove they could not avoid the accident.

3. Unless there are limits, courts could set punitive damages on manufacturers.

4. What about accidents that are not the self-driving car's fault, but which the self-driving car could take evasive action, either avoiding the crash
completely or mitigating it.

5. What about cases in which the self-driving car follows the rules of the road, or which takes action to avoid a protential accident, but which causes one.
e.g. a ball runs out into the road between two parked cars, self-driving car slams on the brakes thinking a child will run into the road, another car runs
into the back of the self-driving car.

6. How strictly does the self-driving car have to follow the highway code? Humans often take liberties. When the code changes does the self-driving car
have to obey the change.

7. Many crashes are avoided by one party taking evasive action or anticipating problems. Are self-driving cars expected to have such advanced driving
skills? If they are how is that measured.
 
European industry is really gonna get kicked in the mouth. Wholesale electricity prices in Europe:


Here is why the market is dropping so hard. Wholesale electricity prices in Europe are 60¢ per KWh… households could be paying $1/KWh soon!!!!!

This and $72/mbtu NG basically makes gigantic swaths or European industry completely uncompetitive no matter how far their currencies drop.
 
Electricity may become as problematic as gas. Tomorrows spot pricing is peaking at 0.85 euro/kWh. That’s about 20x the usual price.

There is a reckoning coming unfortunately to European industry over the next year or two. Huge swathes of manufacturing will shut down and never return. Europe’s economic and industrial standing internationally along with their global purchasing power will drop considerably. All thanks to *bleeps* like Gerhard Schroeder who sold their country out for a suitcase of rubles.

The lot of them should be sitting in prison for the rest of their lives.
 
European industry is really gonna get kicked in the mouth. Wholesale electricity prices in Europe:


Here is why the market is dropping so hard. Wholesale electricity prices in Europe are 60¢ per KWh… households could be paying $1/KWh soon!!!!!

This and $72/mbtu NG basically makes gigantic swaths or European industry completely uncompetitive no matter how far their currencies drop.
Sure thing. In Denmark tomorrow between 7 and 8pm we pay $1.25 per kWh including taxes. Excluding taxes it is $1.05
 
There is a reckoning coming unfortunately to European industry over the next year or two. Huge swathes of manufacturing will shut down and never return. Europe’s economic and industrial standing internationally along with their global purchasing power will drop considerably. All thanks to *bleeps* like Gerhard Schroeder who sold their country out for a suitcase of rubles.

The lot of them should be sitting in prison for the rest of their lives.

OTOH, solar panels now have a payback time of 1.5 years. Some companies may be completely shielded from high electricity prices because of long term contracts. My electricity price will stay at 0.05 euro/kWh until end of 2023. A lot of the current price pressure may be caused by companies hedging their purchases for this winter.
 
OTOH, solar panels now have a payback time of 1.5 years. Some companies may be completely shielded from high electricity prices because of long term contracts. My electricity price will stay at 0.05 euro/kWh until end of 2023. A lot of the current price pressure may be caused by companies hedging their purchases for this winter.
So we have a squeeze going on?

Obviously if this does not fade away Europe is in big trouble. Continuation could lead to riots in the streets, forget about industry.

Make people into cave dwellers again there will be consequences.

I am of the uncertain opinion that this will be managed.

But then we have to consider the global water shortages. Is there any place not trending below average in their water supplies?
 
  • Funny
Reactions: Artful Dodger
Elon is all over this from the sound of it.

The disclosure, sent last month to Congress and federal agencies, paints a picture of a chaotic and reckless environment at a mismanaged company that allows too many of its staff access to the platform's central controls and most sensitive information without adequate oversight. It also alleges that some of the company's senior-most executives have been trying to cover up Twitter's serious vulnerabilities, and that one or more current employees may be working for a foreign intelligence service.
The whistleblower, who has agreed to be publicly identified, is Peiter "Mudge" Zatko, who was previously the company's head of security, reporting directly to the CEO.

Zatko further alleges that Twitter's leadership has misled its own board and government regulators about its security vulnerabilities, including some that could allegedly open the door to foreign spying or manipulation, hacking and disinformation campaigns. The whistleblower also alleges Twitter does not reliably delete users' data after they cancel their accounts, in some cases because the company has lost track of the information, and that it has misled regulators about whether it deletes the data as it is required to do. The whistleblower also says Twitter executives don't have the resources to fully understand the true number of bots on the platform, and were not motivated to. Bots have recently become central to Elon Musk's attempts to back out of a $44 billion deal to buy the company (although Twitter denies Musk's claims).
 
So we have a squeeze going on?

Obviously if this does not fade away Europe is in big trouble. Continuation could lead to riots in the streets, forget about industry.

Make people into cave dwellers again there will be consequences.

I am of the uncertain opinion that this will be managed.

But then we have to consider the global water shortages. Is there any place not trending below average in their water supplies?

It will be managed through supply and demand… unfortunately that will require the shuttering of energy intensive industry/manufacturing and drops living standards. Real GDP per capita will probably fall >5% compared to US/Canada and even more on exchange rate terms. Don’t be surprised if the euro drops to $0.8xx and the pound falls below dollar parity as well.
 
There is an open consultation on the proposed leglislation:

My concerns are that:
1. the bar will be set at nothing less than perfection.
a "Competent and careful driver" should never crash due to a their fault.

(trimming quote)
8. All data (logs, camera video, etc) for any incident shall be automatically provided to all affected parties and <insert appropriate authority> within 24 hours.
 
Elon is all over this from the sound of it.

The disclosure, sent last month to Congress and federal agencies, paints a picture of a chaotic and reckless environment at a mismanaged company that allows too many of its staff access to the platform's central controls and most sensitive information without adequate oversight. It also alleges that some of the company's senior-most executives have been trying to cover up Twitter's serious vulnerabilities, and that one or more current employees may be working for a foreign intelligence service.
The whistleblower, who has agreed to be publicly identified, is Peiter "Mudge" Zatko, who was previously the company's head of security, reporting directly to the CEO.

Zatko further alleges that Twitter's leadership has misled its own board and government regulators about its security vulnerabilities, including some that could allegedly open the door to foreign spying or manipulation, hacking and disinformation campaigns. The whistleblower also alleges Twitter does not reliably delete users' data after they cancel their accounts, in some cases because the company has lost track of the information, and that it has misled regulators about whether it deletes the data as it is required to do. The whistleblower also says Twitter executives don't have the resources to fully understand the true number of bots on the platform, and were not motivated to. Bots have recently become central to Elon Musk's attempts to back out of a $44 billion deal to buy the company (although Twitter denies Musk's claims).

It looks like there will be quite the overhaul in store for Elon's team should the purchase be completed.

The potential for a significantly discounted purchase price would now appear to be baked into the pie. Elon ought to have some spare change to put into TSLA.

Maybe someone should Tweet about this? 😏
 
All thanks to *bleeps* like Gerhard Schroeder who sold their country out for a suitcase of rubles.

The lot of them should be sitting in prison running squirrel cages for the rest of their lives.

Nawh, prisons use electricity. Let'em make electricity:

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Cheers!
 

Additionally, the disclosures said that Twitter executives able to obtain bonuses linked to increases in the company’s count of daily active users but that they didn’t have explicit incentives to reduce spam or bot activity on the platform, according to the Washington Post. CNN highlighted that Zatko said Twitter “had no appetite to properly measure the prevalence of bots.”

Elon might get to buy TSLA shares after all ... ;) markets need to make a judgement and plan accordingly, before the actual judgement :)
 
Elon ought to have some spare change to put into TSLA.

You mean to pay some of the income taxes on the ~290M shares (post-2nd split) he has earned via the 2018 CEO comp. plan?

BTW, @mongo and I have estimated Elon's future tax bill (at current SP) to total ~$45B. So Elon's got maybe 10% of that in cash right now.

TL;dr Elon is unlikely to be buying TSLA shares in the open market, whenever he decides to deploy capital back into Tesla.
 
Again, F the German politicians who sold out their continent.

WRT electricity, we’re in a perfect storm caused not only by Putin weaponising energy, but also by technical problems in the nuclear power plants in France. France has over 60GW of nuclear capacity, of which currently only about 22GW is operational. France, which is historically a big exporter of electricity, is importing as much electricity as possible from the neighbouring countries. Germany is currently only generating 5GW electricity from gas, with a capacity of 70GW. France is currently importing 1.5GW from Belgium (which imports 1.25GW from The Netherlands), 4GW from Germany, 2GW from Switzerland, 1GW from Italy and 1.3GW from Spain.
EDF has stated that they wil get enough capacity up and running by the time it is needed in the winter, but for now, it is making EV driving more expensive than driving an ICE all over Europe. If EDF can’t fix their nuclear plants, it will start having an impact on EV (and Tesla) sales.
I’ve read that France only has 10GW import capacity, so they’re currently at 100% import capacity. The French are more at risk of having a cold dark winter than the Germans.
 
You mean to pay some of the income taxes on the ~290M shares (post-2nd split) he has earned via the 2018 CEO comp. plan?

BTW, @mongo and I have estimated Elon's future tax bill (at current SP) to total ~$45B. So Elon's got maybe 10% of that in cash right now.

TL;dr Elon is unlikely to be buying TSLA shares in the open market, whenever he decides to deploy capital back into Tesla.

Yeah, major bill at exercise

I'm pretty sure Elon is better off buying TSLA now and exercising the options at the latest date possible (assuming TSLA increases and tax law stays the same).

Share purchases will have long term gains.
The further out the options exercise, the less the gain gets taxed by California.
He gets more gains from the $350 $70 $23.33 basis.