Fatal Accident Unlikely “Driverless” Despite Reports + Tesla Safety Report, Shanghai Auto Show (04.19.21)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 20 April 2021
⏱️ 14 minutes
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Summary
➤ Fatal Tesla accident captures headlines after local law enforcement says the vehicle had no driver
➤ Tesla releases Q1 accident and fire safety report
➤ Ron Baron talks Tesla, SpaceX, and Elon Musk
➤ Tesla establishes new insurance company in Europe
➤ Automakers unveil a number of electric vehicles at Shanghai auto show
➤ Voting for questions for Tesla’s Q1 earnings call is now open. Here are my questions:
1. https://saytechnologies.com/s/8b9c38a2
2. https://saytechnologies.com/s/680ec168
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Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody Rob, now we're here and today we're going to be talking about the news |
| 0:10.8 | that has captured most of the headlines around Tesla today, most of yesterday as well. |
| 0:14.9 | And that is unfortunately a fatal accident involving a Tesla vehicle. |
| 0:18.1 | The National Highway Traffic and Safety Administration is now investigating the accident, so we'll |
| 0:21.7 | go through the details on that. |
| 0:23.2 | We also have Tesla's Q1 Safety Report, an update from Ron Baron, some news out of Germany, |
| 0:28.2 | and some other stories as well. |
| 0:30.0 | Tesla stock on the day to day did dip quite a bit this morning as I think news of this accident |
| 0:34.5 | did spread, but ended up finishing the day down 3.4% to 714$63, so it did recover a bit |
| 0:41.4 | after that dip, and that compared to the NASDAQ down 1%, it wouldn't really be all that |
| 0:45.9 | unusual for Tesla to finish down 3.5% or so in a down 1% macro environment. |
| 0:51.5 | Alright, we'll start off with the accident here, so Saturday night in Texas there was a |
| 0:55.5 | fatal car accident involving a Tesla vehicle, a 2019 Model S, in a cul-de-sac in Texas where |
| 1:02.1 | the vehicle went off the road, hit a tree, at some point a fire was ignited, and two people |
| 1:06.1 | were found deceased in the vehicle. |
| 1:08.2 | So first and foremost, regardless of the circumstances, always sad to have to cover events like this, |
| 1:12.3 | to have to analyze such a devastating event for those friends and family members of those |
| 1:16.3 | involved. |
| 1:17.3 | But unfortunately, the media has run away with this story before we have the full details, |
| 1:21.1 | so we can have to analyze for ourselves. |
| 1:23.5 | So as I'm sure most people have heard by now, the reason this is getting more attention |
| 1:26.7 | than a typical Tesla crash, which already gets more attention than a typical automotive |
... |
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