According to Bloomberg, Elon Musk said on Tesla’s last two earnings conference calls that only after experiencing Tesla’s fully autonomous driving (FSD) system can investors understand Tesla’s real potential.
However, Truist Securities analyst William Stein nearly had a car accident after testing Tesla Model Y’s FSD system.
Previously, William Stein rated Tesla as “hold”.
, Model Y.
Photo Source: Tesla, July 29, William Stein wrote in a report to customers: “because the car in front of me only made a partial right turn at that time, my test drive Model Y accelerated through an intersection.
” If I hadn’t intervened quickly, the car would have had an accident.
” Although William Stein maintained its previous rating on Tesla and its target share price of $215, the experience made him “confused about the prototype robot taxi that Tesla might show off in October.
” Musk said last week that Tesla’s decision to postpone the launch by about two months confirmed an earlier report by Bloomberg News.
Tesla had no immediate comment on William Stein’s report.
On July 29th, Musk tweeted that Tesla was deploying an updated version of the fully autonomous driving (FSD) system, but this still did not allow Tesla’s car to be fully autonomous.
As electric vehicle sales slow, Musk pays more attention to fully autonomous driving technology and Tesla’s broader artificial intelligence business.
Mr Musk’s comments helped prop up Tesla’s share price, which has fallen more than 40 per cent from the beginning of this year to mid-April.
But by the close of trading last week, the company’s shares had fallen 12 per cent, rising on July 29th after Morgan Stanley designated Tesla as the preferred stock in the u.s. auto stock.
Following Tesla’s earnings call in the first quarter of this year, William Stein tried out the FSD system in early April and this month.
For the first time, he wrote a mixed review, saying it was “surprisingly good, but it can’t be widely used yet.
” He summed up the second test run as “no better, or even worse”.
The two test drives of William Stein were conducted in sunny and dry weather in the New York suburbs.
In the latest tests, he believes that the FSD system is well adapted to lane closures, potholes and traffic, and says it “feels smoother and more natural in general”.
But William Stein said it was surprising that the FSD system did not perform well in monitoring car owners.
He no longer needs to turn the steering wheel hard to keep the FSD system started, and can continue to use the system even without looking at the road.
William Stein wrote: “I didn’t watch the road at all, but my son has been watching to see if there is any danger.
” It took 20 to 40 seconds for the FSD system to issue a warning.
” William Stein also said that in addition to manual intervention to avoid rear-end a car that had only made a half-right turn, he needed another intervention when a police officer signaled that he needed to pull over so that a funeral procession could pass.
William Stein wrote: “finally, in some part of the road we were driving, the highway was winding and narrow, with a solid white line between lanes that prohibited changing lanes.
However, Model Y changed lanes twice in this case.
” William Stein concluded that the version of FSD he tested was “really amazing, but it’s still a long way from ‘full’ autopilot.
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