Humans are not good at dealing with numbers that are unrealistic to them. The problem is that technology often brings these into being.
In this video I discuss bot robotaxis and the Tesla bot as two areas we see this as the case. It means the models that people are using are simply wrong (if they solve the technological issues).
▶️ 3Speak
I think my biggest concern on this topic is the difference in products. Tesla majorly deals in cars, and has batteries and solar, which are big ticket items. Compared to Apple and Microsoft, which are cheaper and can be numerous. A family will most likely have 1 car, but can have multiple phones, computers, and peripherals. Microsoft also deals with infrastructure. Apple and Microsoft also has almost half of the market share on their regular products. For mobile, it's either Android or Apple. For computers, Apple or PC. For servers, it is mostly Linux/Unix or Microsoft. Tesla has a lot of competition, and isn't the leader in its field.
Tesla has the highest profits of anyone in the industry, so from that perspective I would say they are the leader.
If you are using production/sales volume, that is true...for now. Nokia was once the leader in the phone industry. I am betting that you will not be able to make that statement in 2029 or 2030.
Hell Tesla already had the best selling vehicle in the world with the Model Y. I think the trend is starting to clearly emerge.
You make a good argument. Although the Nokia analogy can be used against Tesla as well. In the end, it is the company that makes the right adjustments and gives the product that the people want that wins.
That is true, the innovators will end up winning. Tesla is not letting the industry pass it by like Nokia. Thus, I dont see the comparison.
Thus, I dont see the comparison.
Tesla is the current leader in EV. Tesla seems to be stagnating in its design and its competitors are catching up. BYD just overtook Tesla as the best selling EV last month [some say it was a technicality because of delays]. BYD makes its own batteries which lets them lower their costs. This gives them a big edge over Tesla.
This is an article that I saw when I was looking up BYD.
its competitors are catching up
A narrative that was wrong since 2017. Yes BYD did outsell Tesla last month, and it isnt a one off. The next few years will see BYD sell more pure EVs than Tesla since it has the production capacity. Until Tesla gets the next gen car started, they are limited to what they can do.
Tesla also makes batteries, although they are not scaled. Plus they are building their own lithium refinery in Texas.
BYD makes its own batteries which lets them lower their costs. This gives them a big edge over Tesla.
No it doesnt. Tesla is dropping the average cost of their vehicles by about $800 per quarter. People do not realize how far ahead Tesla is with everyone else when it comes to manufacturing and software within the industry.
As for the models, they just did a major refresh on the model 3...which is ramping in China. This is coming to the US factory. The Model Y gets a refresh later this year.
I have all the naysayers for about 8 years and they are consistently wrong.
BYD is a strong company. Keep in mind, Tesla makes a lot more money off each EV sold than BYD.
Summary:
In this video, the speaker discusses the concept of massive numbers and how people often struggle to grasp the potential of companies reaching astronomical valuations. He uses examples like the Dow Jones Industrial Average hitting 30,000, the race for the first trillion-dollar company (which Apple and Microsoft have since surpassed), and now speculates on Tesla's potential to generate over a trillion dollars in profit annually through autonomous driving, AI, and robotics, particularly in the robot production industry. The speaker encourages viewers to consider the possibilities presented by futuristic technologies and not to discount them simply because the numbers seem too large to comprehend.
Detailed Article:
The video starts with the speaker highlighting the issue of people struggling to grasp the potential of massive numbers, using historical examples like the Dow Jones Industrial Average hitting 30,000 and companies achieving trillion-dollar market cap valuations. Despite initial skepticism, these milestones were eventually reached, demonstrating the tendency for unreal numbers to become reality in the world of technology and finance.
The speaker then pivots to focus on Tesla, suggesting that the company has the potential to achieve over a trillion dollars in profit annually. This is attributed to various factors such as autonomous driving technology, robo taxis, AI capabilities, and advancements in the robotics industry. While acknowledging that these outcomes are not guaranteed, the speaker urges viewers to consider the possibilities presented by these innovations.
The discussion delves into the comparison between robot and car production, suggesting that producing a large number of robots annually could be feasible given the scalability and simplicity of robot manufacturing compared to cars. The speaker prompts viewers to contemplate the revenue potential of such endeavors and how leasing arrangements for robots could contribute to sustained income streams for companies like Tesla.
Furthermore, the speaker emphasizes the importance of considering futuristic technologies and their revenue-generating potential, drawing parallels to the evolution of companies like Apple that have defied initial doubts to become industry leaders. The video closes with a reminder not to discount seemingly unrealistic numbers in the tech sector, as breakthroughs and significant advancements are not uncommon in this space.
In conclusion, the video serves as a thought-provoking exploration of the possibilities presented by massive numbers in the context of technological innovation and financial success. By urging viewers to broaden their perspectives and consider the potential of groundbreaking advancements, the speaker encourages a mindset shift towards embracing the unreal as achievable in the ever-evolving landscape of technology and business.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.