Tesla's lead in affordable electric vehicles and potential profit from Full Self-Driving (FSD) licensing is forcing other companies to find ways to drastically reduce costs or risk going out of business
Questions to inspire discussion
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Why did Ford partner with Tesla?
—Ford partnered with Tesla for access to Tesla's supercharging network and the adoption of Tesla's charging port, suggesting something massive in the works that will be hugely beneficial to Tesla.
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What is Ford's plan to compete with Tesla's low-cost vehicles?
—Ford is creating a skunkworks program to develop an EV platform to compete with Tesla's low-cost vehicles, but it's unlikely they will catch up in time.
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What is the potential profit for Tesla from Full Self-Driving (FSD) licensing?
—Tesla could potentially make over $1 billion in profits per year from licensing its Full Self-Driving technology to other car manufacturers, with the potential for even more revenue.
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How does Tesla benefit from licensing its Full Self-Driving technology?
—Tesla benefits from accessing data on Ford vehicles to improve their autonomous software with minimal effort, while Ford customers pay $200 a month for Tesla autonomous software, with Tesla getting a 50% cut.
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What is Tesla's mission-driven approach?
—Tesla's mission-driven approach drives their actions, including producing and selling vehicles at market price, open sourcing all their patents and technology, and potentially licensing access to their supercharging network.
Key Insights
- 🚗 Rumors from Ford suggest something massive in the works that will be hugely beneficial to Tesla, leaving a huge breadcrumb for the future.
- 📉 The industry leader, Tesla, is causing other companies to publicly admit the truth about their position in the market.
- 🚗 Despite being the only company focused on electric vehicles at the time, Tesla encouraged others to use their technology for free to promote the growth of electric vehicles.
- 🚗 Tesla's lead in affordable electric vehicles is forcing other companies, like Ford, to find ways to drastically reduce costs or risk going out of business.
- 📉 Ford's negative 60% margin on electric vehicles could lead to bankruptcy for their ICE business.
- 🚗 The key to accelerating the world's transition to sustainable energy is through enabling electric vehicles to drive autonomously, as they will do more miles per year.
- 🌍 Tesla's mission to transition the world to electric vehicles drives their generosity in revenue split, aiming to save other companies along the way.
- 💰 Tesla's potential profit from FSD licensing could reach over $1 billion per year, making it a game-changer in the industry.
#Tesla
Clips
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00:00 🚀 Ford partners with Tesla for supercharging network and charging port, legacy manufacturers admit they are behind and need help, speculation about GM's CEO.
- Ford CEO Jim Farley explains why Ford partnered with Tesla for access to Tesla's supercharging network and the adoption of Tesla's charging port, suggesting something massive in the works that will be hugely beneficial to Tesla.
- Ford Engineers are learning from Tesla engineers in terms of how to put together an electric vehicle, and the speaker praises Jim for his honesty and integrity.
- Legacy automotive manufacturers are admitting they are behind Tesla and need help, with some praising Tesla openly, while others are in denial, and there is speculation about the future of GM's CEO.
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03:14 🚀 Tesla open sourced their patents and technology, allowing others to use it to accelerate sustainable energy, and their mission-driven approach drives their actions, including producing and selling vehicles at market price.
- Two years ago, Tesla was willing to switch formats in their future products as long as they were given access with an adapter, which is in line with their mission-driven approach.
- Tesla open sourced all their patents and technology a decade ago, allowing anyone to use it in good faith to accelerate the world's transition to sustainable energy.
- Tesla's mission-driven approach drives their actions, including producing and selling vehicles at market price, and other companies are beginning to license access to Tesla's supercharging network.
- The team had to commit to making a legit adapter, which was a big project, but it was necessary for the customer's experience.
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07:02 🚗 Ford is struggling with their electric vehicle business, planning to spin it out and potentially go bankrupt, while also trying to compete with Tesla's low-cost vehicles and potentially partnering with them for autonomous vehicle software.
- Ford is creating a skunkworks program to develop an EV platform to compete with Tesla's low-cost vehicles, but it's unlikely they will catch up in time.
- Ford is reporting a negative 60% margin on their electric vehicles and is predicted to spin out their electric vehicle business and let the ice business go bankrupt, with plans for a $25,000 electric vehicle in the future.
- Ford is rumored to be developing an autonomous vehicle but lacks the software, while Tesla is suggested as a potential provider for the needed software.
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09:57 🚗 Tesla may license their FSD software to Ford for their autonomous electric vehicles, accelerating the transition to sustainable energy.
- Electric vehicles are the key to accelerating the world's transition to sustainable energy by enabling autonomous driving and increasing the number of miles driven.
- Tesla's mission is focused on autonomy, and it is likely that Ford will be the first company to license Tesla's FSD software for their autonomous electric vehicles.
- The speaker discusses using a hypothetical number as an example in their valuation model, which can be found in the pin comment.
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12:44 💥 Ford may license Tesla's FSD software for their autonomous vehicles, benefiting both companies and aligning with Tesla's mission to transition the world to electric vehicles.
- Ford customers pay $200 a month for Tesla autonomous software, with Tesla getting a 50% cut, benefiting both companies and aligning with Tesla's mission to transition the world to electric vehicles.
- Ford is likely to license Tesla's FSD software for their autonomous vehicle to save the company.
- Ford won't make money selling hardware for electric vehicles, while Tesla benefits from accessing data on Ford vehicles to improve their autonomous software with minimal effort.
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15:32 💡 Tesla could make over $1 billion in profits yearly from licensing Full Self-Driving tech, their data capture gives them a lead, and their mission-driven approach guides their decisions.
- Tesla could potentially make over $1 billion in profits per year from licensing its Full Self-Driving technology to other car manufacturers, with the potential for even more revenue.
- Tesla's ability to capture high quality data will further extend their lead, and their mission-driven approach is the key to understanding their actions.
- Tesla's mission statement is the key to understanding their decisions and should be referred to for guidance.
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17:45 🚀 Tesla skeptics proven wrong as speaker discusses benefits of ag1 for energy, health, and productivity, emphasizing dangers of sugar and importance of exercise.
- Ag1 has provided a significant energy boost and improved overall health for many individuals, leading to increased motivation and positive lifestyle changes.
- Tesla skeptics are being proven wrong as the speaker discusses the benefits of a product for mental acuity, stamina, and weight management, while also emphasizing the dangers of sugar and the importance of exercise.
- Increased energy and improved health from taking ag1 has led to better productivity and reduced afternoon fatigue for the speaker and others.
- The speaker discusses the increase in energy and productivity they experienced after using a product, and expresses gratitude for the recommendation.
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21:26 🚨 The speaker promotes ag1 and dismisses negative comments, offering a money-back guarantee and testimonials to support the product.
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