Speaker is long TSLA with significant profit; views FSD as safer than human drivers despite recent stock rejection at 200-day moving average and negative headlines.

We'll have more news when we get to Waymo, and probably every week when we talk about Tesla in relation to CyberCab and self- driving taxis.

Moving on to Tesla. It started the week at 353, and it feels like you've been on a roller-coaster ride. The stock went up, then down, then up again, then down again. Tesla's stock has remained relatively stable this week.

It finished the week at 354. This comes as it did again, with that surge just before the CyberCup event, which I believe was yesterday. The headlines say the CyberCup launch didn't live up to expectations, at least from a stock market perspective.

And then there's the NHTSA, the government agency that monitors traffic on highways and the like, launching an investigation into whether this car meets safety standards, given that it does n't have brakes, a steering wheel, or anything like that .

Now, it appears to be a fully autonomous vehicle, not one of those passengerless robot taxis , but a regular car. I think it was a Model Y. Reportedly, it was operating in Full Self-Driving mode.

It was attempting a left turn, and unfortunately, someone was struck and seriously injured in the incident. It seems to still be under investigation, but it's a sad situation. Meanwhile, Tesla is highlighting its Full Self-Driving safety record, while the EU considers expanding its approval.

I think at this point, everyone can agree, or not everyone. I mean, there's always someone in my comments with " Elon syndrome, " and I'm telling you guys, if you have a problem with Elon Musk and Tesla, that's your problem.

Don't try to make it mine . I don't care if you don't like Elon Musk. I don't care if you do n't like Tesla. I really don't care. It's not my problem. I bought Tesla stock a long time ago, and I've made a substantial profit from it.

We're talking about a six-figure sum that I don't care about. That said , I think we can all agree that Full Self-Driving is probably safer than most human drivers, maybe not all, but Most of them probably will.

And we'll see what the EU decides on that. Is it perfect ? Is fully autonomous driving perfect? As someone who uses it 85% of the time, I'd say it isn't. Now, August registrations for their regular, people-driven cars, like the Model Y and Model 3, have surged in France and Denmark, but declined in Norway and Sweden.

In fact, sales in France jumped 280% and in Denmark 104%, as rising petrol prices worldwide push people to reconsider electric vehicles.

Tesla has broken through its moving average, so you should be watching that very closely. We did that with MetaTrader. MetaTrader closed right at its 200-day moving average. Well, last week we were talking about Tesla, and I think it closed at its moving average or was getting close to it.

It got right to that 200-day moving average and then stalled there. I mean, it encountered strong rejection here and closed much lower . Now with Tesla, you're looking to consolidate in these areas and then move higher.