Tesla in the news...

[Singuy]

It sounds like this crash was a "hold my beer" type moment. But, still scary because no one was apparently behind the wheel. The other more obvious problem is the car bursting into flames (how fast were they going upon impact?). I thought cars were engineered so that didn't happen?

But, here is another case of someone apparently riding in the back seat...
https://denver.cbslocal.com/2021/05/...lar-lifestyle/

The detective said the car was going around 70 mphs before the crash. Lithium ion battery packs can withstand a lot of trauma before it catches on fire but 70mphs+ 4800lb car = that's a lot of force.

Statistically speaking, the amount of miles driven/fire vs gas is around 1/10th of ICE cars.

Also they said the steering wheel was warped so someone was behind the wheel prior to the crash.

[Like2Plan]

The detective said the car was going around 70 mphs before the crash. Lithium ion battery packs can withstand a lot of trauma before it catches on fire but 70mphs+ 4800lb car = that's a lot of force.

Statistically speaking, the amount of miles driven/fire vs gas is around 1/10th of ICE cars.

Also they said the steering wheel was warped so someone was behind the wheel prior to the crash.

A lot of things don't add up, do they? The steering wheel was warped. But, there was no one in the driver's seat. Did the driver move to the back seat after impact?

The 70 mph upon impact? Or, per your previous post, "There's absolutely 0 chance that the system can speed up to 60 in that short of a run way. AP never does hard 0-60 in 3 second hard launches no matter what setting you put it at.
There's less than 20% chance the system would even allow you to go over the speed limit in a residential area."

I dunno....

And the dude who was arrested for riding the back of his car? Really, I just can't guess what would motivate someone to do that...

[LivingAlmostLarge]

A lot of things don't add up, do they? The steering wheel was warped. But, there was no one in the driver's seat. Did the driver move to the back seat after impact?

The 70 mph upon impact? Or, per your previous post, "There's absolutely 0 chance that the system can speed up to 60 in that short of a run way. AP never does hard 0-60 in 3 second hard launches no matter what setting you put it at.
There's less than 20% chance the system would even allow you to go over the speed limit in a residential area."

I dunno....

And the dude who was arrested for riding the back of his car? Really, I just can't guess what would motivate someone to do that...

I don't get how Tesla doesn't think that people are doing stupid things and this is what happens.

[james.hendrickson]

Guys - bumping this a little bit. I just looked at insider trades for Tesla. Here is some data for Kimbal Musk, Elon Musk's brother.

If I am reading this correctly Kimbal has been able to generate over $97.5 Million from sales and options on Tesla shares.

It pays to be part of a successful entrepreneurial family.

[bjl584]

Tesla is seeing a nice pop today despite some bad press and a Congressional probe

[rennigade]

Who else is stocking up on tsla at this discount price?

[kork13]

I've picked up a few shares of TSLA lately. For stocks I'm interested in getting more of, I normally just set a series of limit orders at decreasing increments of 5 or 10%. Another TSLA order executed this morning, and when I setup this buy order nearly 2 months ago, I thought there was no chance it would ever execute, nearly 25% below the market price at the time. But hey, I won't complain about picking up the discounted shares. It's a long hold, so I'll just let it ride.

[bjl584]

Looks like Tesla just pushed back over the $1000 a share mark this morning

[kork13]

Probably because Musk stated last night that he was probably finished selling his options (which I believe I saw numbered above 2M+ shares). His massive sales almost certainly pushed down the stock price, so now that the market "knows" that he's done, it reduces the negative pressures on the share price.

[rennigade]

Was Tesla removed from the s&p 500? Didn't realize it was that easy to remove a company from that.

[james.hendrickson]

That is correct, but just partially. Tesla was removed from the S&P 500 ESG Index. The ESG index tracks securities meeting sustainability criteria on environmental, social, and governance (ESG) factors.

One does wonder why Tesla, an environmentally friendly car company, would be removed, yet Exxon, a massive fossil fuels polluter, would remain in the index.

[kork13]

Was Tesla removed from the s&p 500? Didn't realize it was that easy to remove a company from that.

TSLA was removed from ONE of the S&P's other indices -- the S&P ESG Index, which scores companies on their positive impact regarding "environmental, social and governance" concerns... It selects the top companies for this ESG index through partly objective data, and partly subjective assessments... which is why TSLA's removal created such a ruckus (at least on Twitter ). Note that the ESG index is totally different from the S&P 500, which includes (with almost pure objectivity, with minor caveats for stability) the largest 500-ish companies in the US.

However, a company's size has little to do with their inclusion on the ESG. For example, the 5 companies with the highest ESG scores are Microsoft (#2 in the S&P 500), Linde (#41), Accenture (#35), Xylem (#356), and J.B. Hunt (#403). Also, #8 (Gilden Activewear), #9 (Metropolitan Bank), and #10 (IHS Markit) on ESG don't exist on the S&P 500.

Adding or removing a company from any index is a noteworthy event for MF managers of relevant index funds, because it forces them to start to purchase/divest stocks in accordance with the change & their fund's investment strategy. While such changes are typically minor (companies near the "bottom" of the list), occasionally there's a change with a large company, which attracts more attention. This is the case with TSLA's removal from the S&P ESG Index.

[rennigade]

Maybe ill pick up some tsla if it reaches $100 again.

[QuarterMillionMan]

I was behind a Tesla on the freeway and it was dripping water out of its exhaust, is that normal. My windshield was catching the mist from all the water.

[ua_guy]

I was behind a Tesla on the freeway and it was dripping water out of its exhaust, is that normal. My windshield was catching the mist from all the water.

No, that's not normal. Teslas don't have an exhaust pipe as configured from the factory.

One explanation is the Air Conditioning system can drip condensation underneath the car from the evaporator core, but it doesn't come from an exhaust pipe.

Also, there are a few converted Teslas with big, gas internal combustion engines. Their battery packs have been removed and they are no longer EV's - they're all custom conversions by people wanting to do something different, or to grab attention, make a point, etc.