Veteran short-seller Jim Chanos has taken aim at Tesla's self-driving technology, saying the add-on offering probably has near-zero value in the resale market for cars.
"Remember that Musk has said that owning an FSD package will increase the value of your $TSLA vehicle by multiples of the FSD package cost itself. Yet ascribes almost no value to it upon repurchase. In fact, over time it depreciates faster than the vehicle itself," he added. As the software is constantly being updated, there runs the risk that buyers may find themselves saddled with obsolete technology that has little or no resale value on the used car market.
Tesla's goal to achieve level 5 is one of the factors behind its $869 billion market cap and has been swept up in the stock market's excitement surrounding the AI boom.
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Source: CNBC - 🏆 12. / 72 Read more »