Business Wars Encore: Tesla vs Detroit | Appetite for Destruction | 4
13 snips
May 3, 2023 
Elon Musk, the visionary CEO of SpaceX and Tesla, dives into Tesla's tumultuous journey as it battles scrutiny over its Autopilot system and faces unprecedented challenges including allegations of racism and the pandemic's impact. He shares insights on how traditional automakers are scrambling to keep up with Tesla's innovative edge, particularly in the electric vehicle race. Musk's provocative Twitter commentary continues to intrigue and offend, contributing to Tesla's skyrocketing market value amid chaos. His bold predictions set the stage for the future of driving.
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Detroit Embraces EVs
- GM's and Ford's announcements of expanding EV lines signaled a shift in the auto industry.
- EVs moved from a niche market to a central focus for major automakers.
First Fatal Autopilot Crash
- The first fatal Tesla autopilot crash led to an NHTSA investigation.
- The investigation cleared Tesla, even finding that autopilot reduced overall crash rates.
Model 3 Production Costs
- High Model 3 production costs caused Tesla significant financial losses.
- Despite these losses, investor confidence and Tesla’s stock value remained high.
