With the complete evolution of self-driving, Elon Musk believes that the value of Tesla will be appreciated – Video Interview


Published on April 12, 2019 |
by Dr. Maximilian Holland

April 12, 2019 by Dr. Maximilian Holland

In an interview not to be missed with MIT's Artificial Intelligence researcher, Lex Fridman, Elon Musk revealed that he thought the movement toward Full self driving the functionality will result in an appreciation of the heritage value of current Tesla vehicles instead of their amortization. This contrasts with traditional vehicles, which typically lose about half of their value in the first three years of ownership.

Conversation of Elon Musk with Lex Fridman / Youtube

The basis of the claim is Tesla's plan that, once ready, the integrated system Full self driving The capacity (FSD) of Tesla electric vehicles will enable vehicles to generate substantial revenue for their owners via mobility services in the Tesla network. Even for owners who have not yet purchased the FSD option, this one will be available as an upgrade and will simply involve an exchange of the processing unit and software updates. by air.

To understand the contrast between Tesla's ability to appreciate as an asset and the significant problems with depreciation of traditional vehicles, take a look at some of our recent articles on the subject. According to industry experts, Black Book, depreciation is often the most important aspect of a vehicle's total cost of ownership. It represents 50% of the value of most vehicles in just three years.

Tesla's picture

Musk believes that the challenge of data collection is a major benefit for Tesla, as he has stated in other recent interviews. The large and growing fleet of vehicles gives Tesla a 100-fold advantage over the data compared to all other players in the fully autonomous vehicle sector, he said. Relatively soon, Tesla will soon have 500,000 data collection vehicles on the roads. According to Musk, the total combined fleet of data collection vehicles used by other players in the space could be around 5,000 vehicles.

The embedded processing hardware of the puzzle is also well in hand, based on the design and testing of Tesla's current FSD calculator. The chip can be installed on any Tesla 2.0 or later hardware, and has plenty of leeway to process data from all vehicle sensors, as well as full redundancy. Tesla vehicles currently ordered with the DSE option are already shipped with this chip installed.

Tesla's picture

The neural network software algorithms will be continually refined, as will the vehicle control software, to improve vehicle range performance and resolve more potential problems. All software iterations can be provided to Tesla vehicles via live updates. While there is never a 100% EHR system, the challenge is to achieve vehicle independence at a level that is significantly safer and more reliable than drivers, and to demonstrate greater safety to regulators. . Tesla autopilot data shows that its own vehicles are already significantly safer than conventional vehicles when the autopilot is used.

As software algorithms continue to improve, FSD's data collection and processing capabilities are already in place, says Musk in the interview. As a result, he states that:

"Buying a car today is essentially an investment in the future … the most profound thing is that, if you buy a Tesla today, I think you're buying an asset in appreciation, not an asset. falling.

I would highly recommend anyone interested in the autonomy of the vehicle to take 30 minutes to view the interview:

Keywords: Depreciation, Elon Musk, Lex Fridman, MIT, Tesla, Tesla autopilot, Tesla Full Self-Driving

About the author

Dr. Maximilian Holland Max is an anthropologist, social science theorist and international political economist who tries to ask questions and encourages critical reflection on social and environmental justice, sustainability and the human condition. He has lived and worked in Europe and Asia and currently resides in Barcelona.

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