With Full Self Driving Evolution, Elon Musk, Tesla's Value Believes – Interview Video
Cars
Published on April 12, 2019 |
by Dr. Maximilian Holland
12. April 2019 by Dr. Maximilian Holland
In a must-see interview with MIT artificial intelligence researcher, Lex Fridman, Elon Musk, has revealed that he believes the move to Full Self Driving functionality will cause the asset value of today's Tesla vehicles to to appreciate, rather than write off. This is a game-changing contrast with traditional vehicles, which usually lose about half the value over the first 3 years of ownership.
Elon Musk's conversation with Lex Fridman / Youtube
The basis of the claim is Tesla's plan that – when completed, the built-in Full Self Driving (FSD) ability of Tesla EVs will allow the vehicles to generate significant revenue for their owners through mobility services in the Tesla network. Even for owners who have not yet purchased the FSD option, it will be available as an upgrade and only involve a change of processor unit and software updates over the air.
To understand the contrast between the Tesla vehicle's ability to appreciate as assets and the problems of depreciation of traditional vehicles, take a look at some of our latest articles on the subject. Depreciation is often the biggest aspect of the overall cost of ownership of a vehicle, shaving 50% of the value of most vehicles after just 3 years, according to British experts, Black Book.
] Picture of Tesla
Musk believes that the data collection challenge is a great advantage for Tesla, which he has stated in other recent interviews, of the three central areas of technology for FSD data collection, hardware and software algorithms. The large and growing fleet of vehicles might give Tesla a 100-fold data advantage over all other players in the completely autonomous car space, he said. Relatively soon, Tesla will soon have 500,000 data collection cars on the roads. In Musk's opinion, the combined combined fleet of data collection cars run by other players in the room can make something in the order of 5,000 vehicles.
The built-in processor part of the puzzle is also well-used, based on Tesla's design and testing of today's FSD computer. The chip can be installed on any hardware 2.0 or later Tesla, and has plenty of top space to process data from all car sensors, as well as full redundancy. Current Tesla vehicles ordered with the FSD option have already been shipped with this disc installed.
Picture of Tesla
Algorithms for neural network software will continually be refined along with the vehicle's control software, to improve the performance of the vehicle's autonomy and erase multiple potential edge features. All software reminders can be delivered to Tesla vehicles via over-the-air updates. While it will never be a 100% perfect FSD system, the current challenge is to get automotive autonomy to a level where it is significantly safer and more reliable than human drivers, and then to demonstrate greater security to regulators. Tesla's Autopilot data shows that own vehicles are already considerably safer than typical cars when autopilot is in use.
While software algorithms are continually improving, the data acquisition features and processing features of the FSD are already in place, Musk states in interview. As a result, he claims that:
"Essentially buying a car today is an investment in the future … the deepest is that if you buy a Tesla today, I think you buy a commendable resource, not one amortization asset. "
I strongly recommend anyone interested in bilutonomy to spend 30 minutes to see the interview:
About the author
Dr. Maximilian Holland Max is an anthropologist, social theorist and international political economist, trying to question and encourage critical thinking about social and environmental justice, sustainability and human condition. He has lived and worked in Europe and Asia and is currently based in Barcelona.
