Tesla's "full self-driving" feature and its unique approach to autonomous driving could potentially give the company a significant advantage over other car manufacturers, especially in terms of subscription revenue, but there are concerns about the technology and the potential financial impact if other companies cannot catch up
Questions to inspire discussion
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Is Tesla's full self-driving feature actually fully autonomous?
—No, Tesla's full self-driving feature requires constant driver supervision and is not fully autonomous, despite misleading claims by regulators and media.
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What is the controversy surrounding Tesla's full self-driving technology?
—The controversy lies in the fact that some find it game-changing while others find it stressful, and there are concerns about the potential financial impact if other companies cannot catch up.
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How does Tesla's approach to autonomous driving differ from other companies?
—Tesla leverages its existing network of vehicles and drivers instead of using expensive and heavy LiDAR technology, and they collect and use data to improve their FSD system.
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What potential advantage does Tesla's full self-driving feature offer the company?
—Tesla's FSD technology has the potential for significant advantage over other car manufacturers, especially in terms of subscription revenue, which could lead to higher margins and stable, sustainable subscription revenue.
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What is the speaker's plan for fact-checking and correcting information in the video?
—The speaker plans to fact check and correct in batches rather than constantly interrupting, anticipating a lengthy video.
Key Insights
- 😬 "Tesla full self-driving being called a watershed moment for FSD is one of the most controversial parts of Elon Musk's Tesla strategy."
- 🚗 Tesla's "full self-driving" feature may not be as autonomous as the name suggests, requiring a fully attentive driver at all times.
- 📊 The essential component that any company developing autonomous driving needs to even have a chance at success is a buttload of data.
- 🚗 Tesla's approach to autonomous driving is a major departure from other car manufacturers, and Elon Musk believes that LiDAR is a "Fool's errand" and ultimately unnecessary.
- 📊 Tesla's unique system could deliver not just the quantity of data required but a better quality of data as well, challenging the traditional narrative.
- 📈 The version 12 free trial of FSD was a smashing success, indicating potential for greater margins and subscription revenue.
- 📈 The pace of growth in Apple's Services segment, including revenue from iCloud storage, Apple TV plus, Apple music, and Apple pay, now outpacing its flagship iPhone segment, shows the power of consistent and reliable subscription revenue.
- 🤔 The real concern is whether any other company can catch up to Tesla's technology, and the potential financial impact for Tesla if they don't.
#Tesla #FSD
XMentions: @Tesla @StevenMarkRyan @HabitatsDigital
Clips
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00:00 🤔 The speaker critiques a biased CNBC segment on Tesla FSD, highlighting outdated information and editorial bias.
- The speaker discusses a CNBC segment on Tesla FSD and the biased comments from viewers.
- The Tesla hit piece is filled with outdated information and biased against Tesla's FSD software, with the speaker also mentioning unrelated advertising and editorial bias.
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02:18 🚗 Fans appreciate Tesla's shift to EV mindset, dismiss biased hit pieces, and criticize media's negative spin on Tesla's technology.
- Mainstream media bashes Elon and Tesla, but fans appreciate the shift from ICE to EV mindset and dismiss hit pieces as biased.
- New Tesla software has improved, and while some may not see the value in paying for self-driving features, it can save mental energy and offer potential safety benefits.
- Skepticism about Tesla's technology is shortsighted, as it allows vehicles to be driven remotely by human operators in rare instances, and CNBC's report on autopilot and FSD is unbalanced and contains errors.
- Media has historically favored petrol cars over Tesla, with negative spin on Tesla and positive spin on Apple, using outdated articles and videos to criticize Tesla, while a non-Tesla owner also criticizes autopilot and FSD.
- CNBS hit piece on Tesla is biased and outdated, with deliberate misinformation and clickbait, and lacks understanding of the tech industry.
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07:12 🚗 Tesla's full self-driving feature is controversial and not actually fully autonomous, requiring a fully attentive driver at all times despite misleading claims by regulators and media.
- The speaker anticipates a lengthy video and plans to fact check and correct in batches rather than constantly interrupting.
- Tesla's full self-driving feature is controversial and not actually fully self-driving, with some finding it game-changing and others finding it stressful.
- Tesla's full self-driving feature is not actually autonomous and requires a fully attentive driver at all times.
- Tesla's Full Self-Driving system is not fully autonomous, and the company clearly instructs users to supervise and be ready to take over at any time, despite misleading claims by regulators and media.
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11:31 🚗 Tesla's autopilot system is criticized for crashes, but other car makers have similar technology and Tesla's software operates without limitations, allowing for freedom and supervision while driving.
- The argument about the name of Tesla being misleading is compared to claiming that Apple falsely advertises by calling their smartphone an iPhone because it's not shaped like an eye.
- Tesla vehicles were recalled due to a safety issue with the software, but it was actually a software update related to driver monitoring, prompting Nitsa to open a new investigation.
- Tesla's autopilot system has been involved in numerous crashes, but other vehicles do not have any means of ensuring the driver is paying attention, making the criticism of Tesla's system seem unfair.
- Tesla's technology is only considered partial automation, requiring constant driver supervision, and other car makers have similar technology.
- CNBS does not discuss companies that advertise on their network, Mercedes has beaten Tesla to the punch with its Drive pilot Tech, but there are severe limitations on its use, and Tesla is cautious about promising capabilities with their software before they are confident in its safety.
- Tesla's software operates without limitations, allowing for freedom and supervision while driving.
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16:50 🚗 Tesla's FSD technology uses a vision-centric approach, leveraging their existing network of vehicles and drivers to gather high-quality data for autonomous driving, despite uncertainty about whether this gamble will pay off.
- Tesla's FSD technology is based on a vision-centric approach using a neural network to gather essential data for autonomous driving.
- Tesla's approach to autonomous driving technology differs from other companies, as they leverage their existing network of vehicles and drivers instead of using expensive and heavy LiDAR technology.
- Tesla collects and uses data to improve its FSD system, and despite negative claims, investors argue that Tesla's unique system provides high-quality data.
- The importance of having a large quantity of data, particularly millions of cars, to accurately capture longtail events is emphasized, with the uncertainty of whether this gamble will pay off remaining.
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21:12 🚗 Tesla's FSD technology and potential for self-driving cars are valued for subscription revenue, despite skepticism and attempts to discredit by CNBC.
- Can Tesla develop safe autonomous driving technology using mostly cameras and stripping out other critical tech, and do people really need to pay extra for features that are already included in the base price of other cars?
- Tesla's FSD technology may not be as appealing once other companies catch up, but Wall Street values it for its subscription revenue potential, which could lead to higher margins and stable, sustainable subscription revenue.
- Tesla has reduced the cost of FSD subscription, signaling encouragement for buyers to opt for it, and Elon Musk is following Apple's model of generating recurring revenue through subscriptions.
- Tesla's potential for self-driving cars has been overpromised by Elon Musk, but progress in software capabilities suggests full self-driving functionality may be complete by the end of this year.
- Elon Musk's big Robo taxi unveiling for Tesla may be delayed, but the consensus is that no other company will catch up to Tesla's technology.
- CNBS tried to discredit Tesla's software, but the majority of people saw through it and called them out for misleading and deceiving.
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Duration: 0:32:57
Publication Date: 2024-05-06T09:32:50Z
WatchUrl: https://www.youtube.com/watch?v=E6jbmYYiXu0
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