How Wall Street Sees Elon and the Autopilot Superbowl "Ad"
Feb 13, 2024
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Barry Ritholtz, host of the podcast Masters in Business and founder of Ritholtz Wealth Management, discusses Elon Musk's prowess as a manager and marketer. They also talk about challenges and opportunities posed by Autopilot and Full Self-Driving, as well as criticism of Tesla's autopilot and safety concerns. The podcast delves into Elon Musk's achievements and impact, comparing him to Jeff Bezos, and explores the dynamic between Musk and SpaceX's Gwen Shotwell.
The Dawg Project's campaign against Tesla's autopilot feature raises genuine safety concerns and highlights the blurred line between self-driving and driver-assisted technologies.
Elon Musk's leadership and marketing abilities have revolutionized industries, but his controversial tweets and lack of checks and balances within his inner circle pose risks to Tesla's sales and reputation.
Deep dives
Controversial Super Bowl ad targets Tesla's autopilot
A campaign called the Dawn Project has been pressuring regulators and consumers to boycott Tesla due to safety concerns regarding the autopilot feature. The project, led by software executive Dan O'Dowd, believes autopilot is unsafe and that regulators are not taking sufficient action. The project ran targeted Super Bowl ads in small markets, urging consumers to boycott Tesla. While some criticize the campaign for being sensationalized, there are genuine concerns about Tesla's autopilot technology and its potential dangers.
Elon Musk's successes and impact on the automotive industry
Elon Musk's leadership and vision have revolutionized various industries. He played a vital role in the success of PayPal, rejuvenated Tesla with electric vehicles, and created SpaceX to reduce the cost of space exploration. Musk's influence has forced traditional automakers to embrace electric technology and reduce their carbon footprint earlier than anticipated. While Musk's marketing abilities and storytelling have helped build a devoted following, there are concerns about the unrealistic expectations and blurred lines between self-driving and driver-assisted technologies.
The controversy surrounding Tesla's autopilot and full self-driving
The autopilot feature on Tesla cars is a driver assistance system, not a fully self-driving technology. However, there have been incidents where drivers overestimated its capabilities, resulting in accidents. Regulators like the National Highway Traffic Safety Administration (NHTSA) are investigating these incidents. Tesla's messaging and Musk's statements have sometimes blurred the distinction between driver assistance and full self-driving, creating a misleading perception. While autopilot has its benefits and has saved lives in some instances, there are still unresolved safety concerns and debates about the readiness of full self-driving.
The challenges and controversies surrounding Elon Musk
Elon Musk's leadership style and public persona have both garnered admiration and criticism. His ability to sell a vision and market his companies has been compared to that of Steve Jobs. However, Musk's controversial tweets and unpredictable behavior have raised concerns and potentially impacted Tesla's sales and reputation. Additionally, the lack of strong voices challenging Musk's ideas within his inner circle may impact the company's decision-making. It remains unclear how long Musk can sustain and manage his various ventures without more checks and balances.
Following a Superbowl attack ad, this week’s episode sees the crew discussing the challenges (and opportunities posed by) Autopilot and Full Self-Driving.
Then they welcome Barry Ritholtz, host of the podcast Masters in Business and the founder of Ritholtz Wealth Management, to the studio for a wide-ranging conversation about Musk’s prowess as a manager and as a marketer.