Elon Musk insists that investors won’t understand Tesla unless they try FSD. One analyst took the chance and almost crashed.
Elon Musk said during Tesla’s last two earnings calls that investors won’t understand the company unless they use the driver-assistance system William Stein, a Truist Securities analyst with a hold rating on Tesla’s stock, took this as his cue to test-drive one of the carmaker’s vehicles and narrowly avoided a crash.
Musk has placed greater emphasis on FSD and Tesla’s broader artificial intelligence efforts as sales of its electric vehicles have slowed. The chief executive officer’s messaging has helped support a stock that had sunk more than 40% for the year as of mid-April. Both of Stein’s drives were around New York suburbs in clear and dry conditions. He was impressed during his latest test how well FSD adapted to lane closures, potholes and traffic flows, and said the driving “felt more natural overall” than the prior trial.What was surprising and went poorly, he said, was the system’s permissiveness — he was no longer required to tug on the steering wheel to keep FSD engaged, and was able to continue using it even while taking his eyes off the road.
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