> the fleet size increases and becomes a more valuable hacking target.
Tesla has a (IMO rediculous) high market cap and stock value. A severe hack could affect that, which, combined with a short position, would allow attackers to make a large amount of money.
What I'm saying is: Tesla already is a valuable hacking target.
>> - Auto revenue grew 10% to $2.4 billion as sales of Model S and X grew. Revenue is at risk, though. Tesla will divert resources from Model S and X to the Model 3.
This is curious. If the S and X are profitable, why divert resources from them? Not enough? Well maybe they should not have just canned a bunch of people?
Yeah I know, the ones they let go may not be the ones they needed for the 3. But it still seems strange all these things taken together.
While I don't disagree that Tesla is a valuable attack target, the reality is that for market value security does not matter.
There can be a massive attack on Tesla announced tomorrow, the stock will go down 5% for a few days and recover within a month. Nobody cares. It's a depressing reality.
> Only possible role I can think of would be if there was some additional evidence (like an email chain or something) that Tesla did this release specifically to cause this stock movement. Seems unlikely.
What if Tesla has press releases that aren't human readable but trolls automated trading systems? Like a spam trap but for trading?
Are you seroius? Someone says the market cap of Tesla is "somewhat" bounded, and you ask how? Is it totally unbounded? Is what they are doing unprecedented beyond comparison?
Do you think the market cap of Tesla is infinity? It's already multiples of companies that produce a magnitude more cars and infinite more profit. Not good enough for you? What is it that you think Tesla does so well that justifies an unlimited market cap?
This is insane. Wish HackerNews existed during the DotCom bubble. It was bad enough being accused of sexism during the Theranos bubble.
> This isn't bad if you're the only one who can ship self-driving cars with acceptable quality and volume as you'd be disrupting the rest of the industry to fuel massive growth.
Fixing it:
This isn't too bad if you're the only one who can ship self-driving cars with acceptable quality and volume as you'd be disrupting the rest of the industry to fuel massive growth.
But you won't be the only one for long. And then the entire industry will downsize.
And Tesla is (1) the most susceptible to it, since most of the enterprise value comes from expectation of future growth and (2) it lags behind other makers in self-driving tech.
> I think Tesla has done remarkably well and I suspect they were able to do it because they were small and nimble when OTA capabilities first became feasible.
I think Tesla have done well for another reason: they are strictly a software engineering company that just happens to make cars on the side. Tesla could easily port their software to any other existing car (Autopilot, mobile app + services, touchscreen OS), but then the Tesla cars would be just another bland electric car offering much like the others. It's the software that defines the Tesla experience, and that's why they have focused on cybersecurity since the beginning.
There certainly were some fun hijinks on the way I'm sure, like the engineer whose NDA expired and explained that the way OTA was done on the first batch of Model S was to have a massive bash script ssh into each car and run apt-get or a similar command.
>Due to Elon's damage to the brand, Hyundai and Ford take the lead from Tesla.
That would imply some kind of manufacturing capacity being magicked from somewhere. Or just a complete bottoming out of Tesla sales, despite them currently being higher than ever. Do you think Musk's being-a-dick quotient can get higher? I'm thinking it tops out about now, barring it becoming some kind of superpower.
> A lot of Tesla vehicles feel like they value form over function.
As far as I can tell, that would be all of them. And if rumors are true, Tesla might be about to escalate that to the next level with their bread-and-butter cars. Brave, or stupid, ask in a year.
Tesla has a (IMO rediculous) high market cap and stock value. A severe hack could affect that, which, combined with a short position, would allow attackers to make a large amount of money.
What I'm saying is: Tesla already is a valuable hacking target.
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