Overpaying by well over double is... a bad business decision. Is it not?
Even as bad as the stock market was last year, very few companies lost 50%+ of their value.
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There's a lot of other decisions that are very strange coming out of Tesla, such as the removal of RADAR and Ultrasonic Sensors. Does Elon Musk really believe he can compete against next-generation companies when he's removing sensors from his cars?
Radar is back by the way, with an increased resolution that makes it more useful in highways where overhead signs false positive as a collision risk on the old sensor.
The ultrasonic sensors IMO were basically worthless. Initial analysis of the new v4 FSD hardware indicates they are adding more cameras - including bumper cameras to cover blind spots that previously would have relied on ultrasonics.
It doesn’t seem like HW4 can be retrofit like HW3 was, so it will be very interesting how that all plays out!
Even as bad as the stock market was last year, very few companies lost 50%+ of their value.
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There's a lot of other decisions that are very strange coming out of Tesla, such as the removal of RADAR and Ultrasonic Sensors. Does Elon Musk really believe he can compete against next-generation companies when he's removing sensors from his cars?