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Home>UPDATE: Tesla's Elon Musk is 'full of crap' on self-driving cars -- according to a GM exec

UPDATE: Tesla's Elon Musk is 'full of crap' on self-driving cars -- according to a GM exec

UPDATE: Tesla's Elon Musk is 'full of crap' on self-driving cars -- according to a GM exec

10/06/2017

By Victor Reklaitis, MarketWatch

Critical information for the U.S. trading day

Bulls can't complain if the S&P ends lower on this jobs day, given the gauge hasn't closed in the red for nearly two weeks.

Traders are marveling at the record-busting runup.

The "unfettered, glorious stock-market fun" will "conclude like all rallies, swimming in the tears of those who bought last," says iBankCoin blogger The Fly (http://ibankcoin.com/flyblog/2017/10/05/bears-dug-graves-killed-lit-fire/#sthash.rchp3D9K.dpbs). "But look at all of those gains."

He rattles off all sorts of stocks that have strolled higher lately, from Netflix (NFLX) to troubled retailer L Brands (LB) . Tesla (TSLA) also could be on his list, and that brings us to our call of the day -- from yet another skeptic saying there's too much hype around Elon Musk's baby.

It's an exec from big competitor General Motors (GM) who is dissing Tesla. Not exactly a neutral observer, but Scott Miller still makes a point worth listening to.

Miller -- who heads GM's efforts in autonomous driving -- isn't buying a key Tesla claim. Musk & Co have said (https://www.tesla.com/en_GB/blog/all-tesla-cars-being-produced-now-have-full-self-driving-hardware) all Tesla vehicles produced since October 2016, including the $35,000 Model 3 sedan, contain "the hardware needed for full self-driving capability," though such features aren't currently enabled. That implies the vehicles are what the industry calls "Level 5" autonomous cars.

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