this post was submitted on 04 May 2024
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What’s happening at Tesla? Here’s what experts think. (arstechnica.com)
submitted 1 year ago by jorge@feddit.cl to c/technology@lemmy.world
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[–] homesweethomeMrL@lemmy.world 149 points 1 year ago (16 children)

"However, in 2024, I do believe it’s well past time to Elon to step aside. The lack of focus on the core business is hurting the company’s long-term prospects, especially in China, where there is a huge amount of competition, and those companies are redesigning products every two years," Abuelsamid said.

. . . Just don't expect it to happen. "Unfortunately, Tesla has effectively no corporate governance from its board full of Musk cronies, and he will never acknowledge when he has made a mistake and will thus not step aside," Abuelsamid said.

Death it is, then.

[–] protist@mander.xyz 13 points 1 year ago (1 children)

That last sentence stuck out to me too, a simple summary of all this mess. The other interesting part was at the end of the article, where they talk about the potential for the NHTSA requiring a recall fix for the "autopilot" feature that would be so expensive as to seriously damage the company:

The scenario there is if the government is really serious about Autopilot, and frankly, I don't remember the last time NHTSA investigated the efficacy of a recall remedy... he knows that NHTSA is insisting on a hardware fix for Autopilot and FSD," Niedermeyer said, referencing the auto safety regulator's unusual decision to apply extra scrutiny to Tesla's 2-million-car safety recall, announced last week.

With 2 million affected cars on the road, any fix that requires hardware—adding back radar, perhaps, or infrared gaze-tracking driver monitoring, wouldn't be cheap or quick to complete. "If NHTSA demands a level of remedy to problems that can't simply be done affordably... then it's a negative margin business with no way out. And that's a problem you can't just spend your way out of," Niedermeyer said.

[–] homesweethomeMrL@lemmy.world 1 points 1 year ago

Right! Like he knows the jig is up so he’s pulling out all his capital now to let the memestock fanbois take the fall. God forbid anyone rich ever suffer consequences.

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