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by zzz345345 1262 days ago
lol.... who would have thought that a circular shape would be better for a steering wheel in a consumer car...
1 comments

If you set out to reinvent many of aspects that are conventional of a complex machine like a car, I’ll forgive you for not getting 100% of them right.
This is a pretty generous framing. The use case differences between round and rectangular steering wheels are well understood. There was something else motivating this, not "reinventing the conventional", as it would be phrased in a TV spot.
Which is why you shouldn't "set out to reinvent" just for the sake of looking cool, and why Tesla is starting to be valued at what it's actually worth, aka not a whole lot.
> aka not a whole lot

Lord grant me a business worth $400B, aka not a whole lot.

It's still got a way to go until it reaches a sane valuation, and the stock is still falling.
Tesla's average transaction was $65K in 2022. There were 1.3 million transactions. That's $84.5B in transactions. Companies are typically valued at 7x their transactions which would be $591.5B - which we'll just call $600B. If Tesla is currently valued at $400B then they're undervalued by 33% and that would put Tesla at a BUY.

These are all back-of-the-napkin calculations and assumes Tesla will sell as many cars in 2023 as they did in 2022 and in fact will continue to do so for the foreseeable future. I'm not an automotive industry expert but I don't see any reason why Tesla wouldn't. I think part of the reason Tesla's stock pulled back so much in 2022 is the realization that Tesla may not have that much GROWTH left.

I'd love for it to drop to a 'sane' valuation so I could get in. Already itching to pull the trigger, but I think it could shave off another $20-30.
You could sell secured put options and end up making a decent return even if it doesn't drop

http://opcalc.com/PJM

A single u-turn should have been all Tesla needed to understand how terrible an idea yoke is. You try arm over arm, then crash the car.
I have over 25k miles in an S with a yoke, there was one day where I was exiting a parking lot and the yoke was upside down and the turn signals buttons were backwards that was a slight annoyance. Other than that I have never had an issue turning with the yoke and wouldn't want to go back to a wheel that blocks the instrument cluster constantly.
> that blocks the instrument cluster constantly.

they also could move the instruments (but besides the speedometer... most of them are somewhat useless anyways... and with a FSD car, even the speedometer should be useless)

There are other hand methods when using a yoke that work just as well. I think they assumed people would adapt. Considering it's already an EV maybe they thought people would be more willing to try new things.
never driven a tesla, but also steer by palming rather than hand over hand so can't people just do that?
I won't forgive Elon Musk for trying to put a transmission in an electric car... luckily it didn't work.