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Joined 1 year ago
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Cake day: July 1st, 2023

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  • That last sentence stuck out to me too, a simple summary of all this mess. The other interesting part was at the end of the article, where they talk about the potential for the NHTSA requiring a recall fix for the “autopilot” feature that would be so expensive as to seriously damage the company:

    The scenario there is if the government is really serious about Autopilot, and frankly, I don’t remember the last time NHTSA investigated the efficacy of a recall remedy… he knows that NHTSA is insisting on a hardware fix for Autopilot and FSD," Niedermeyer said, referencing the auto safety regulator’s unusual decision to apply extra scrutiny to Tesla’s 2-million-car safety recall, announced last week.

    With 2 million affected cars on the road, any fix that requires hardware—adding back radar, perhaps, or infrared gaze-tracking driver monitoring, wouldn’t be cheap or quick to complete. “If NHTSA demands a level of remedy to problems that can’t simply be done affordably… then it’s a negative margin business with no way out. And that’s a problem you can’t just spend your way out of,” Niedermeyer said.






  • The reality of his compensation package is a lot more nuanced. The 9 figure number is eye popping, but he’s being paid less than $2 million over 2023-2024, and almost all of the rest is contingent upon a successful IPO and then reaching a set of (incredibly unrealistic) stock valuation benchmarks. Reddit’s stock has to hit something like $45/share for him to see 8 figures and $90/share for him to realize the full amount.

    I’m in no way defending this pay package or his shitty behavior, just pointing out that he’s not just getting handed $200 million outright