Elon, Twitter, ADAS and the DMV – Electronics Weekly

Normally a CEO selling that much stock in his own company would crash its share price but, in Tesla’s case, it hasn’t, because Musk has a sound ostensible reason for raising cash, The reason given is that he needs to raise cash for the Twitter purchase if a Delaware court forces him to go through with it. But there may be another reason for the share sale and Musk could be using the Twitter deal as a cover to protect the Tesla share price.. The other reason is that the Californian Department of Motor Vehicles (DMV) has ben stepping up its scrutiny of Tesla’s claims for its ADAS capability. In May 2021, in response to a Musk tweet that some Tesla cars had a beta version of  a “full self-driving” (FSD)  programme installed, the DMV stated: “Elon’s tweet does not match engineering reality, Tesla is at Level 2 currently. Tesla indicated that they are still firmly in L2. As Tesla is aware, the public’s misunderstanding about the limits of the technology and its misuse can have tragic consequences.” In March 2022, replying to concerns raised by US Senators Richard Blumenthal and Ed Markey, Tesla director Rohan Patel wrote that both FSD…
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