This truly baffles me. You didn't know he was going to act batshit crazy all year long?
Everyone telling you exactly that wasn't clue enough? Or the shit he pulled in his first term wasn't clue enough?
I voted for Trump. I didnt know he was going to act batshit crazy all year long. It's quite telling that the democrats won this night massively.
I guess I'm not the only one who has been thinking wtf, Trump.
Autopilot and Full Self-Driving fraud
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As of October 2022, Tesla is facing a criminal probe from the US Department of Justice over claims it has made about its “Full Self-Driving” driver-assist system or capability.[40][41] Critics call out the company for selling and promoting its so-called Full Self-Driving (FSD) beta add-on when the software requires drivers’ constant supervision and is not actually capable of full self-driving.[42][43] Tesla’s Full Self-Driving beta is generally considered a SAE Level 2 advanced driver-assistance system, similar to competitors’ offerings such as General Motors’ Super Cruise and Ford’s Co-Pilot360.[44] Legal scholars William Widen and Philip Koopman argue that Tesla has misrepresented FSD beta as SAE level 2 in order to “avoid regulatory oversight and permitting processes required of more highly automated vehicles.”[45] They argue that FSD beta should actually be considered a SAE level 4 technology, and have urged state Departments of Transportation in the U.S. to classify it as such, because publicly available videos show that “beta test drivers operate their vehicles as if to validate SAE Level 4 (high driving automation) features, often revealing dramatically risky situations created by use of the vehicles in this manner.”[45]
Tesla has benefited from increased sales and profit margins due to sales of the FSD option in particular, priced at $15,000 as of September 2022.[46][47] In April 2019, when Tesla was low on capital, Musk announced that Tesla would have one million robotaxis on the road by the end of 2020; a few weeks later Tesla sold stock to raise an additional $3 billion, solving its cash troubles.[46]
Elon Musk has repeatedly claimed that Tesla vehicles will be capable of full autonomy in the near future, but a Freedom of Information Act request made by PlainSite revealed that Tesla told the California Department of Motor Vehicles (DMV) in December 2020 they “do not expect significant enhancements” to the Full Self-Driving software that would enable full self-driving.[43][48] In May 2021, the California DMV said it was investigating whether Tesla violated state regulations by misleading customers in its claims about “full self-driving”.[49] Bryant Walker Smith, an autonomous vehicle law expert at the University of South Carolina, said “it’s so obviously clear that there’s a contradiction” between what Tesla is saying in its marketing of Full Self-Driving versus what its lawyers and engineers have told the DMV.[46] Smith said that using the name Full Self-Driving “leaves the domain of the misleading and irresponsible to something that could be called fraudulent”.[50] In August 2022, records surfaced showing that the California DMV had formally accused Tesla of false advertising Autopilot and FSD in July.[51]
In Germany in July 2020, authorities ruled that Tesla misled consumers regarding the “abilities of its automated driving systems” and banned it from using certain marketing language implying autonomous driving capabilities.[52] Upon appeal, that decision was reversed in 2021 by a higher court under the condition that Tesla clarify the capabilities of Autopilot on its website.[53][54]
In a 2021 lawsuit against Tesla, Texas police officers claimed “systematic fraud” involving Tesla Autopilot after a Model X crashed into two parked police cars.[55] As of October 2022, a trial has been requested.[56] In September 2022, Tesla was sued by drivers in a proposed class action suit over alleged false advertising of Autopilot and FSD.[57]
Insiders revealed to the press in 2022 that the U.S. Department of Justice launched an investigation in 2022 following reports of more than a dozen crashes that involved Autopilot.[58] Then, in a 2023 quarterly company report, Tesla stated receiving subpoenas from the Department in connection with the investigation and other probes.[59]
iirc take away from big short isn't that Burry was way too early, but that his prediction wasn't due to his own intuition - he got the tip off of a lifetime thanks to a chance misdialed call from someone who actually *had* figured out the MBS Jenga tower was not only built on a foundation of rot that was about to start collapsing. And that the rot had been intentionally concealed throughout the entire thing from bottom to top due to extreme easy money moral hazard infecting everyone from borrowers at one end to ratings agencies at the other.
Burry's fame comes from his conviction in and willingness to act on this tip and persuade others to do the same, but the initial intuition itself may easily have missed him had the call not been a misdial.