Posted on 08/10/2018 11:43:51 AM PDT by Moonman62
Tesla is the only company truly advancing AI in its vehicles. Musk made the decision to invest in real-world data analytics early. This leap in technological advancement has left competitors like Alphabet's Waymo, Uber, BMW and GM scrambling in vein to keep pace, and there is a long lineup of companies wanting to partner, including Toyota and Mercedes-Benz.
Tesla's early investment and resulting tech have put the company firmly ahead of the pack. To understand how Tesla is unique with AI, you need to understand that Tesla has been collecting billions of miles worth of real-world driving data since 2012, through Model S, X and 3 drivers. Both Tesla and Waymo have been attempting to collect and process enough data to create a car that can drive itself. Waymo and Uber by comparison use inferior simulations, not real-world driving data.
Tesla is the only autonomous vehicle company to have designed its own proprietary AI chip, bottoms-up, designed from scratch and custom-built for autonomous driving. Musk said on the recent Tesla earnings conference call that the chip is almost ready.
This is not a cult stock. Tesla stock is dramatically undervalued based on its leadership role in self-driving cars, including a superior amount of real-world driving data, the only proprietary AI autonomous driving chip and the fact that it is now self-funding on a go-forward basis.
— By Keith Wright, Villanova University instructor of accounting and information systems
(Excerpt) Read more at cnbc.com ...
you’re using Tesla Reddit forum as an authoritative source? You make me laugh.
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I’m recommending it as a source to get information about the character of owners and would be owners, a subject you brought up.
I thought the platelets got the sub.
The subsidies are in the billions. Indirect & otherwise. You can call it anything you want but when the federal government gives a $7,500 tax credit to a Tesla buyer, it’s a subsidy, any way you want to define it. And it’s my damn money they are giving away. The government has no business paying people to buy a car.
How you label the financial remunerations that are enabling Tesla to stay afloat don’t change the fact that Tesla is operating at a huge loss and has been from the get go. It would not be here without that funny money. Add to that the fact that Tesla is using deposits on future [potential] deliveries as day to day operating cash is a financial joke. It’s smoke and mirrors.
Without free money, Tesla would have been history years ago.
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