Elon Musk discusses the progress and challenges of Tesla's full self-driving technology, expressing less optimism about its timeline but recognizing its potential value and impact on the future of transportation
Questions to spark discussion
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What is the status of Tesla's full self-driving technology?
—Elon Musk expects a delay in the release of the new version of Full Self Driving, but believes it will learn dramatically faster.
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When will FSD version 12 be released?
—Elon Musk announced the release of FSD version 12 to employees, with the possibility of early beta testers getting access in the near future.
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Why is Elon Musk more cautious about full self-driving technology?
—Elon Musk is more cautious and measured in his comments about full self-driving technology, possibly due to unknown variables and the potential for slippage in development.
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What is the investor's perspective on Tesla's Full Self Driving?
—Investors are recognizing the progress of Tesla's Full Self Driving (FSD) and analysts believe it will bring in billions in growth by 2030.
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What is the potential impact of FSD on the future of transportation?
—Elon Musk discusses the potential value and impact of FSD on the future of transportation.
Key Insights
- 📉 Larry Goldberg is very bullish about FSD in the long term, despite Elon Musk's recent statements.
- 📉 A change in architecture generally means a step back in order to get several steps forward, which is the nature of software.
- 🚗 The potential revenue from FSD is now being recognized by institutional investors, with estimates of tens of billions of dollars per year by 2030, signaling a shift in perception towards the technology.
- 💰 FSD has the potential to generate $620 billion in revenue for vehicles on software, energy, and services, making up a significant portion of the industry.
Clips
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00:00 🚗 Elon Musk discusses Tesla's progress in full self-driving, stating that it has made substantial progress and is now at the point where it can take you from one place to another with no interventions, and is around four times safer than human driving.
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01:39 🚗 Elon Musk is no longer optimistic about Full Self Driving and believes it will take longer than previously thought.
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02:48 🚗 Elon Musk expects a delay in the release of Full Self Driving, but believes it will learn dramatically faster, with FSD version 12 announced for early beta testing.
- Elon Musk expects a delay in the release of the new version of Full Self Driving, but believes it will learn dramatically faster.
- Elon Musk announced the release of FSD version 12 to employees, with the possibility of early beta testers getting access in the near future.
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04:52 🤔 Tesla's full self-driving timeline may be inaccurate because the neural network is learning on its own and the complexity of edge cases makes it unpredictable.
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05:55 🚗 Tesla's full self-driving learning process is slow, but the hope is that it will be able to create its own learning environment and improve its techniques, with the main challenge being lane determination and management.
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08:03 🚗 Elon Musk is less bullish on full self-driving technology, possibly due to unknown variables, while investors recognize the potential for billions in growth by 2030.
- Elon Musk is more cautious and measured in his comments about full self-driving technology, possibly due to unknown variables and the potential for slippage in development.
- Investors are recognizing the progress of Tesla's Full Self Driving (FSD) and analysts believe it will bring in billions in growth by 2030.
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10:34 🚗 Investing in Full Self Driving (FSD) has been worth it for Elon Musk, as it makes road trips easier and more relaxing, and has a lot of value beyond just full self-driving.
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12:16 🚗 Tesla's full self-driving (FSD) system will likely be licensed by other manufacturers in the coming year, breaking a psychological barrier and leading to widespread adoption.
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