Tesla, Inc. (NASDAQ:TSLA) drivers are caught sleeping
Over the last few days, several Tesla drivers were caught sleeping at the wheel on Autopilot. The narrative seems to be that Autopilot is the cause, but people have been falling asleep at the wheel way before Tesla’s driver assist system existed.
Someone reported to NBC that he caught a Tesla driver sleeping at the wheel in Los Angeles last week:
“Images and video were captured by a passenger in Miladinovich’s [the witness’s] car. He said the Tesla driver appeared slumped over with something tied around the steering wheel.
“If his little thing tied around that steering wheel fell off, and he was still sleeping, he would have slammed into somebody going 65 miles per hour,” Miladinovich said.”
He is probably referring to an Autopilot nag defeating device, like the Autopilot Buddy, which was shut down by NHTSA last summer and later relaunched as ‘phone mount’ to get around the ban.
The device is used to trick the Autopilot system into thinking that someone is applying pressure to the steering wheel in order for it to stay active.
If it “fell off”, the car wouldn’t just “slam into somebody”, it would actually start giving the driver alerts to hold the steering wheel and if the driver wouldn’t respond, the vehicle would attempt to safely come to a stop on the side of the road.
First off, people have been falling asleep at the wheel well before Autopilot ever existed.
The difference is that it is not resulting in crashes, injuries, and death in those instances.
Does it mean that it is safe? Of course not, but it doesn’t necessarily mean that Autopilot is the cause either.
Tesla drivers are told that they should remain attentive and ready to take control at any time when using Autopilot features.
If some Tesla drivers, and I think we are talking about a very small minority here, are deciding to use devices to get around the alert systems in place and put themselves and others at risk, that’s their own dumb decision and something Tesla is actively discouraging.
However, it does highlight the fact that Tesla could have a better driver monitoring system if it can be tricked by a simple device.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 235.41.
The projected lower bound is: 191.35.
The projected closing price is: 213.38.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 44.0963. This is not an overbought or oversold reading. The last signal was a sell 2 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 51.24. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 8 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 79. This is not a topping or bottoming area. The last signal was a sell 1 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 7 period(s) ago.
Rex Takasugi – TD Profile
TESLA INC closed up 1.010 at 214.920. Volume was 31% below average (neutral) and Bollinger Bands were 15% narrower than normal.
Open High Low Close Volume___
211.250 216.650 210.400 214.920 7,433,402
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 204.77 232.29 289.56
Volatility: 65 61 71
Volume: 12,966,615 12,430,072 9,753,111
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
TESLA INC is currently 25.8% below its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of TSLA.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on TSLA.O and have had this outlook for the last 1 periods.