Tesla’s trillion dollar valuation is fast approaching

You have to keep everyone’s inherent biases in mind when evaluating what they say.

Sensor fusion theory says the more sensors, the better the accuracy (it should not get worse if done right).

Why is Musk so against LIDAR? Well for one it adds costs and looks ugly. And not currently available to practically put on consumer vehicles in mass production.

How is he supposed to sell cars today with the promise of self-driving tech if they don’t even have sufficient sensors? I’m not saying that is actually the case, but you can see he will be biased against needing LIDAR. (Even if years down the road Tesla adds LIDAR, he won’t say that now)

On the other end, basically every other company (Waymo, Mobileye) cannot accrue the amount of data and edge cases that Tesla can. In data science (especially difficult problems), you want lots of data, especially useful data.

These companies cannot get data that way, so they will be biased against approaches that claim you need lots of data to get working. Tesla of course will go down this route because they can.

Shashua saying it’s brute force…absolutely! Guess what is a great way to get edge case data? Build a model that’s 70% accurate. Deploy it. Have it make predictions. Only when the predictions are wrong, collect the data. Retrain model to get 90% accuracy. Deploy this model. Rinse and repeat.

Each cycle, you will only get more and more specific edge case data that the model did not do well with.

Imagine you are at 99.999% accuracy, but you need to get to 99.9999999% accuracy. How are you going to generate enough useful data to get there? You need a lot of cars driving around collecting data because the chance they get something useful is very sparse.

This is a correct data science / algorithm approach.

Guess which is the only company that can do it…

Whether LIDAR or other sensors are needed I don’t know. But Tesla’s approach for their given sensor suite is correct.

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Reality is cars are no where near self driving capabilities. Techies have never dealt with bureaucracy. A self phone fails and no one cares a car sensor fails and some one dies. To satisfy the bureaucracy in 50 states and 160 countries will drive Musk insane. He should buy Lanai from the other eccentric billionaire and fill it full of self driving cars and let them crash to their heart’s content.

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Want the next TSLA? Buy F :stuck_out_tongue:

Caveat: Not a stock advisor

I think GM is actually ahead on both EV and AV. Ford has had some rough exec leader decisions and set themselves back.

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F is not a great choice, IMO as they are lagging behind TSLA and GM.

Warren Buffet took GM long back when he bought AAPL.

None can match TSLA growth, esp past growth, quality and scalability.

GM has good record on quality EV.

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Currently subsidized cars are dumped quickly. They loose their values fast. Eight year old EVs have no value and end up in land fills

https://www.edmunds.com/car-news/tesla-model-y-vs-porsche-taycan-real-world-range-test.html

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But electric cars have their own dirty little secret: Every electric vehicle, and most hybrid vehicles, rely on large lithium-ion batteries weighing hundreds of pounds. One of the largest, the battery for the Mercedes-Benz EQC, comes in at 1,400 pounds. Typically made with cobalt, nickel, and manganese, among other components, these batteries cost thousands of dollars and come with an environmental burden: They require ingredients sourced from polluting mines and smelters around the world, and they can ultimately contaminate soil and water supplies if improperly disposed.

:-1:

In the rush to embrace this technology, auto companies are adopting the same pretense that has been embraced by the plastics industry: They are claiming that used batteries will be recycled. However, the truth is being swept under the rug. None of the lithium-ion batteries in electric vehicles are recyclable in the same sense that paper, glass, and lead car batteries are. Although efforts to improve recycling methods are underway, generally only around half the materials in these batteries is currently extracted and repurposed. And without the most valuable ingredients, there will be little economic incentive to invest in recycling technologies. The result, if nothing is done to tip the scales, could be a massive health and environmental crisis.

Elon Musk is the biggest con man in the world, superficially making the world a greener place but is actually screwing the world. Unable to recycle properly could be a major reason why Apple has yet to launch an Apple car. Apple under Tim Cook is genuinely care about the world and not make it a worse place. Elon Musk only care about making tons of money regardless and to be viewed as a “savior” of mankind.

Tim Cook :+1:
Elon Musk :-1:

A recent United Nations report found that hundreds of thousands of electric and hybrid vehicles are being exported annually from Japan, the EU, and the US to countries like Sri Lanka and Mauritius.

MAGA. May be Sri Lanka should start a movement, Sri Lanka Life matters, SLLM.

Whereas China and the EU require electric vehicle manufacturers to take back spent batteries from consumers, no similar regulation or legislation has been adopted in the US.

China and EU :+1:
US :-1:

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Elon has convinced millennials cars are just like cellphones. Of course these people believe in Bitcoin, global warming, cannabis, socialism, dinosaurs, gender is a choice and the Easter Bunny. Probably the dumbest generation in the history of the world. If they didn’t smoke so much pot they might actually be able see straight. Maybe they should buy used leafs and start demolition derbies for retard cars. Better than street demonstrations like in Tacoma that kill people. The whole global warming hoax will be exposed in 12 years. Then what lie will be next to control people.

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Quora: Is Tesla, Inc’s stock (TSLA) undervalued right now?

As an EV manufacturer, Tesla is, by every metric, overvalued. I mean, it’s valued at 9x VW, yet VW sells 14x more cars.

HOWEVER, if Musk pulls off what he claims he will - that Teslas produced from 2016 will suddenly turn into self-driving cars next year, or even if he’s a year late, then Tesla begins to look undervalued.

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Are regulations for AV ready?

For example, when an AV hits another car (or worse, you know what), who is responsible?
Me?
Car manufacturer?
Pilot software developer?
Sensor manufacturer?
Map developer?

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AV is fantasyland. Bureaucracy will kill it along with ambulance chasing lawyers.
In Russia scammers deliberately cause collisions to scam insurance. Imagine the field day they will have with AV cars.

Archive link if bumped into the paywall: https://archive.is/HhKNI

The car, however, didn’t work as advertised.

It could drive, turn corners and stop on a dime. But the fancy technology features VW had promised were either absent or broken. The company’s programmers hadn’t yet figured out how to update the car’s software remotely. Its futuristic head-up display that was supposed to flash speed, directions and other data onto the windshield didn’t function. Early owners began reporting hundreds of other software bugs.

EV has much fewer moving parts. Complexity has shifted from hardware to software. Traditional car firms are clueless on software.

What they didn’t consider: Electric vehicles are more about software than hardware. And producing exquisitely engineered gas-powered cars doesn’t translate into coding savvy.

Silicon Valley is eating them alive. First Tesla, maybe Apple later. Who will be the horizontal player supplying OS to dinosaur car firms, like Microsoft for PC and Google for phones?

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Expect more and more car firms go this route.

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First 2 sentences are utterly dumb.

People do not know how to value fasting growing stocks.

Math and Game Theory prove growth stock have to be overvalued by traditional metrics.

I do not think Game Theory (Operational Research) any where in valuation. On any case, stocks - in the long run - makes to value, but in short run it can be over valued or over sold.

Everything is probabilistic in reality (so you have to multiply by probability distribution), but the extreme example is when you 100% know a company is going to produce a known profit many years from now.

If you don’t bid up stock price to the discounted (say 10% per year) rate of what that stock is worth in that year (say 20 P/E) right now, someone else will.

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:+1:

Not sure @Jil agree though.

Not sure this is true. Thought is a reflection of differing view of what is worth that year or some people are willing to accept lower rate of return (or is it pay back period, I returned my knowledge to my financial professors :slight_smile: )

Agree because is impossible to value :slight_smile: