The World's First Trillion Dollar Drug

By 2030, Wall Street experts predict it could generate more revenue than the top 10 best-selling drugs... combined. Early investors stand to reap tremendous rewards as its growth surges 75,000% by 2030. Former hedge fund manager Ian King predicts this could become the world's first trillion-dollar drug. And he's recommending 3 little-known stocks to play this fast-moving trend.

Elon Musk Says 'Safety First' Over Convenience As Tesla Scales Up FSD To Fulfill Autonomous Driving Future

Anan Ashraf
July 03, 2024

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Tuesday reiterated that safety is the priority as the company scales the abilities of its full self-driving (FSD) driver assistance technology towards autonomous driving.

What Happened: “Safety first, then the convenience features,” Musk said on X. The CEO was responding to Sam Pullara, CTO at venture capital firm Sutter Hill Ventures.

Pullara listed the different features he would appreciate with FSD going forward in a post on X including moving or pulling over to let people pass if they are traveling faster, identifying and avoiding bad drivers, and allowing for breaking the law at stop signs.

Though a majority of drivers do a few things on the road that are technically illegal, U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA) will not appreciate it if FSD did the same, Musk said in his reply.

“Some of this stuff like the rolling stop is technically illegal, so NHTSA gets upset, but 99% of people do it,” Musk wrote.

Challenges To Scaling FSD: Earlier this week, Musk said that Tesla delayed rolling out the new version of FSD owing to issues with driving smoothness.

The company trained the new version too much on interventions and not enough on normal driving, leading to a loss of driving smoothness, the CEO said. "It’s like a doctor training too much on patients in the emergency room vs training on preventative care," he wrote.

Tesla is laser-focused on vehicle autonomy and is attempting to improve its FSD software to enable vehicles to operate without human intervention. However, it presently requires active driver supervision.

Deploying autonomous vehicles hinges on both technological advancement and regulatory approval. 

Tesla's Director of Autopilot software, Ashok Elluswamy, said in April during the company’s first-quarter earnings call that regulatory hurdles might be minimal if sufficient data proves the safety advantages of autonomous cars over human-driven vehicles. 

Other autonomous car companies have also been clearing the regulatory path for Tesla, Elluswamy said, referring to Alphabet Inc.’s Waymo.

Why It Matters: FSD is an advanced version of Tesla's Autopilot and includes features like auto lane change and auto park. In a vehicle safety data report last month, Tesla alleged that its vehicles using Autopilot are relatively safer than its vehicles which do not use the system, and other non-Tesla vehicles.

However, safety concerns remain. In December, Tesla recalled a record-breaking 2.03 million vehicles equipped with all versions of Autosteer (an Autopilot feature), citing insufficient controls to prevent misuse. The company addressed the issue through a software update.

However, NHTSA commenced a probe into the remedy in April, concerned that the update is insufficient.

Read More:

  • Tesla CEO Elon Musk Divulges His Publicly Traded Stock Portfolio, And It’s In Stark Contrast To That Of Bill Gates

Photo via Shutterstock

Popular

Trump Reportedly Makes Decision On VP Pick, Says Running Mate Will Be At Debate

Former President Donald Trump has made a decision on his vice presidential nominee for the forthcoming election.

These Are The Top Democratic Contenders Who Could Succeed Biden If President Were To Bow Out Of

In the wake of a debate performance that drew widespread criticism, speculation has been reignited about whether President Joe Biden should bow out before the November election.

Blundering Biden OUT As Dem Nominee? - Ad

Biden's days are numbered! According to a former CIA and Pentagon insider... Biden's about to drop out of the presidential race by August 19! He also reveals Biden's replacement candidate... A guy the Democrats think could actually beat Trump in November.

Tesla Model 3 Long Range Now Qualifies For Full $7,500 Tax Credit

Tesla IncĀ (NASDAQ: TSLA) announced the new Model 3 Long Range (LR) now qualifies for the full $7,500 federal tax credit in the

The Presidential Candidate You Should Really Be Worried About - Ad

Most Americans are overlooking the seemingly impossible candidate that should worry you. It's not Biden... Trump... Newsom... or even Michelle. It's someone even worse. New evidence of a secret plan indicates he could soon return, and finish what he started.

Top 3 Materials Stocks That May Explode In Q2

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

Canadian Vs. U.S. Cannabis Companies: Who Is Winning The Market Race To Weed Profits?

The financial landscapes of Canadian and U.S. cannabis operators showcase distinct paths in the quest for profitability, driven by varying market dynamics and regulatory environments. According to recent financial data from Beacon Securities, the analysis of key financial metrics such as EV/EBITDA and P/CFO ratios reveals crucial insights.

What's the Big Thing Musk, Bezos and Tim Cook All Have in Common? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Powerball Winnings Gone: What Happens To Unclaimed Lottery Tickets

Powerball winners often take home tens to hundreds of millions of dollars. Tickets that are lost or not claimed in time end in a different result.

TikTok Tunes? Social Media Platform Has A Music M&A Team In The Works

TikTok has plans for a new Music Content Investment Team focused on global rights acquisitions and partnerships.

The 7th Trillion Dollar Company? - Ad

There are six American companies worth over $1 trillion. Could there be a seventh soon? This company signed a massive deal with Apple until 2040 and is also involved with Nvidia, Google, and Samsung. Could this be the next trillion-dollar company? A top stock expertpicker thinks so.

Capcom's Street Fighter Film Locked For 2026 Despite Director Shift

Sony Pictures announces the release date for the new Street Fighter movie. Get the updates on Capcom's video game adaptation

Sprint great Michael Johnson launching 'Grand Slam Track' league with $100K first prizes

Sprinting great Michael Johnson is launching a track league that looks to assemble nearly 100 of the sport's top performers four times a year to compete for $12.6 million in prize money over its first season.

Nvidia Is Pivoting to Solve Big Tech's $1 Trillion Problem - Ad

Nvidia is the hottest company in the world thanks to its chip business. But here's the thing: Nvidia is making a massive $1 trillion pivot ... To solve AI's biggest problem. But it's not making this move by itself. A new set of companies are partnering with Nvidia in this trillion-dollar venture.

This Is Where the World's Richest Men Are Putting Their Money - Ad

Bill Gates, Peter Thiel, Mark Zuckerberg -- they're pouring millions into something we call Imperium technology. And you can invest in this tech alongside them starting with just $10. Bill Gates called Imperium "one of the most powerful technologies of the 21st century."

Ford's F-150 Lightning-Based Supertruck To Climb Pikes Peak Over Weekend, Keeping Up With Model T Legacy

Ford's electric F-150 Lightning supertruck will compete at Pikes Peak on June 23, testing EV powertrains for future production vehicles.

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Robert F. Kennedy Jr. Is Facing Significant Financial Challenges In His Run Against Donald Trump And Joe Biden: Report

Robert F. Kennedy Jr.'s presidential campaign is grappling with significant financial challenges, impacting his ability to gain traction as a third-party contender in the 2024 election.

Micron Technology Plans Major US Expansion And Eyes Malaysia For HBM Production To Compete With SK Hynix And Samsung: Report

In a bid to compete with South Korean rivals, Micron Technology Inc is planning to expand its high-bandwidth memory chip production in the U.S. significantly and is also considering manufacturing in Malaysia.

The Election Shock Nobody Expected... (But You'll See it Coming) - Ad

It comes down to just 9 words... Nine simple words which when spoken, will determine the outcome of the 2024 election... These words have nothing to do with Trump, the economy, or what's happening in Ukraine, China or Israel. This is the scandal that isn't being reported (yet.) But my political operatives tracked down this story.

Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 6% Dividend Yields

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks.

Hawaii: Cannabis Decriminalization Bill Fails Amid Unified Legislative Opposition

The cannabis decriminalization bill, SB2487, faced rejection from both supporters and detractors in Hawaii's state legislature

Former CIA Insider: Biden Wants Backroom Deal For Pardon? - Ad

A former CIA insider just made a stunning prediction: Is Biden making a backroom deal... To drop out of the presidential race... In exchange for a pardon for his crimes? This would create a rare economic phenomenon... The little-known "Chaos Rally". Good Americans who know exactly what to do could potentially collect huge financial gains.

Fisker files for bankruptcy protection, the second electric vehicle maker to do so in the past year

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the in the last year as even industry leaders beyond the early adapters of the technology.

Nagging Feeling That Something Is Off in America? - Ad

The REAL truth behind what's happening in America right now is even worse than you thought. In fact, new evidence points to a secret Election Day shakeup, involving a sleeper candidate for President nobody is talking about... a controversial Chinese-owned app... and the most famous celebrity in the world today.

Impending Recession? US Consumer Spending Shows Worrying Signs

The American economy may be on the brink of a consumer-led recession as changes in spending patterns emerge.

The Washington Post's leaders are taking heat for journalism in Britain that wouldn't fly in the US

NEW YORK (AP) ā€” of The Washington Post are being haunted by their pasts, with ethical questions raised about their actions as journalists in London that illustrate very different press traditions in the United States and England.

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Elon Musk Reassures Advertisers By Revealing Why He Told Them To 'Go F*** Yourself' Last November: 'I Do Shoot Myself In The Foot From Time To Time'

At the Cannes Lions conference, Elon Musk addressed his past outbursts and reassured advertisers about the future of X (formerly Twitter), emphasizing the platform's commitment to free speech and improved safety for brands.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service