• About Us
  • Contact Us
  • Terms & Condition
  • Privacy Policy
Friday, February 3, 2023
  • Login
Find Latest Technology Updates, Gadgets News & New Business Ideas
  • Home
  • Technology
    • Apps
    • IoT
    • 5G
    • Cloud Computing
    • Blockchain
    • Gadgets
    • Big Data
    • Science
  • Software
    • Games
  • Mobiles
    • iOS
    • Android
  • Business
    • E-Commerce
    • Website Development
    • Web Designing
    • Web Hosting
    • WordPress Development
  • Digital Marketing
    • SEO
    • Social Media
    • WordPress
  • Finance
    • Financial Planning
    • Real Estate
    • Insurance
    • Cryptocurrency
  • Lifestyle
    • Health
    • Travel
    • Education
    • Entertainment
    • Sports
  • How To
  • Write for us
No Result
View All Result
  • Home
  • Technology
    • Apps
    • IoT
    • 5G
    • Cloud Computing
    • Blockchain
    • Gadgets
    • Big Data
    • Science
  • Software
    • Games
  • Mobiles
    • iOS
    • Android
  • Business
    • E-Commerce
    • Website Development
    • Web Designing
    • Web Hosting
    • WordPress Development
  • Digital Marketing
    • SEO
    • Social Media
    • WordPress
  • Finance
    • Financial Planning
    • Real Estate
    • Insurance
    • Cryptocurrency
  • Lifestyle
    • Health
    • Travel
    • Education
    • Entertainment
    • Sports
  • How To
  • Write for us
No Result
View All Result
Find Latest Technology Updates, Gadgets News & New Business Ideas
No Result
View All Result
Home Technology

Elon Musk says the difference between Tesla being ‘worth a lot of money or worth basically zero’ all comes down to solving self-driving technology

sarah johan by sarah johan
June 17, 2022
in Technology
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Tesla founder Elon Musk said the key to his electric automaker’s value is whether it can achieve self-driving technology, adding that the firm would be “worth basically zero” without it.

The billionaire was talking about several software issues for Tesla vehicles that he wanted to fix, such as the in-car web browser, which he said is currently too slow.

“But the overwhelming focus is on solving full self-driving,” Musk said in an interview with the YouTube channel “Tesla Owners Silicon Valley,” published Tuesday.

“That’s essential. It’s really the difference between Tesla being worth a lot of money or worth basically zero,” he said.

Musk said creating fully autonomous vehicles is vital to Tesla’s financial success, and cited an encounter with an unnamed auto investor to explain his belief.

“He said the car companies don’t make any money on the new car sales. They make all of their money selling used parts to their existing fleet,” Musk said.

“The life of a car, before it hits the junkyard, might be 20 years. Warranty is going to typically run out after four years and there’s a bunch of stuff that’s not covered under warranty,” he said.

“If you’ve got a steady state fleet it means that 80% of your fleet is not under warranty,” he continued. “So you can sell high margin replacement parts for the existing fleet and you can sell your new cars at effectively zero margin. It’s like a razor and blades thing.”

Musk said this presents a “massive barrier to entry” for new automakers like Tesla, who must charge much more for their cars than their competitors.

To do so, they have to make a product “so compelling” that buyers are willing to pay more for it, he said. According to Musk, Tesla’s compelling features are its cars’ electric power and self-driving potential.

“That is the only way to it. You have to win on autonomy, and you have to win on electrification,” he said.

Musk’s self-driving promise still unrealized
Musk has been making unfulfilled promises to develop self-driving Teslas since 2015, when he predicted that the technology would hit the roads in three years.

Tesla already has an “Autopilot” feature that allows its cars to automatically adjust their speeds and steer within their lanes, though the function still requires driver supervision.

Its “Full Self-Driving” service, which Tesla owners can buy for a one-time fee of $12,000 or a subscription of $199 per month, allows the car to automatically change lanes, recognize stop signs and traffic lights, and park. But as with the Autopilot feature, full driver attention is still needed in the car.

In 2019, Musk said he was “certain” that by the end of that year, Teslas “will be able to find you in a parking lot, pick you up, take you all the way to your destination without an intervention.”

“That is not a question mark,” he said at the time.

But with Tesla facing setbacks on its prototype self-driving software, it’s unclear when the technology will officially launch. In a 2021 Q4 earnings call held in January, Musk again promised Teslas would become fully autonomous by the end of the year.

As of Wednesday, Tesla shares are worth $699, down 41% year-to-date from their January peak of $1,200. Tesla’s market capitalization is estimated at $724 billion.
https://www.cityballetsf.org/profile/top-gun-2-maverick-2022-movie-full-online-free-download/profile
https://www.cityballetsf.org/profile/watch-jurassic-world-3-dominion-movie-full-online/profile

Tags: Elon Musk
Previous Post

Is Blue Cheese Moldy and Can You Eat Moldy Blue Cheese?

Next Post

Some Tips to Complete Your Homework In Easy Way

sarah johan

sarah johan

Next Post
Some Tips to Complete Your Homework In Easy Way

Some Tips to Complete Your Homework In Easy Way

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.7k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
5 Content Related Tools for Digital Marketers

5 Content Related Tools for Digital Marketers

December 10, 2022
unblocked games

unblocked free games

October 7, 2022
lithium battery 12v 100ah

Reasons To Use Lithium Battery 12v 100ah

October 4, 2022
Poly mailer envelopes

Why Choose a Lightweight Poly Mailer for Shipping Products?

September 20, 2022
Stylishly sustainable and upcycled: Fashion forward

Stylishly sustainable and upcycled: Fashion forward

5
iCloud Bypass

iCloud Bypass – How to Use This Application to Unlock Your iOS 15 Device

1
macbook

Facts About MacBook 12in m7 That Will Make You Think Twice

1
GenYoutube-Download-Youtube-Videos

GenYoutube – Download Youtube Videos

0
best barber shops in brooklyn

The Rise of Barber Shops: Why They’re More Popular Than Ever

February 3, 2023
Tips for How to Make Sublimated Prints:

Tips for How to Make Sublimated Prints:

February 3, 2023
How To Write An Amazon Book Completely

How To Write An Amazon Book Completely

February 2, 2023
Islamic studies

Arabic language education for Islamic studies

February 1, 2023

Recent News

best barber shops in brooklyn

The Rise of Barber Shops: Why They’re More Popular Than Ever

February 3, 2023
Tips for How to Make Sublimated Prints:

Tips for How to Make Sublimated Prints:

February 3, 2023
How To Write An Amazon Book Completely

How To Write An Amazon Book Completely

February 2, 2023
Islamic studies

Arabic language education for Islamic studies

February 1, 2023

About Us

Techno Soft Mind  is a dais for all the latest innovative technology updates and news, and this is also a place for mobile gadgets, artificial intelligence, ios and android apps, digital marketing, business, reviews and information.

Contact Us

Linkbuilder070@gmail.com

Recent Comments

  • Liam William on Facts About MacBook 12in m7 That Will Make You Think Twice
  • Liam William on iCloud Bypass – How to Use This Application to Unlock Your iOS 15 Device
  • sarah johan on Stylishly sustainable and upcycled: Fashion forward
  • sarah johan on Stylishly sustainable and upcycled: Fashion forward
  • sarah johan on Stylishly sustainable and upcycled: Fashion forward

Recent News

best barber shops in brooklyn

The Rise of Barber Shops: Why They’re More Popular Than Ever

February 3, 2023
Tips for How to Make Sublimated Prints:

Tips for How to Make Sublimated Prints:

February 3, 2023
  • About Us
  • Contact Us
  • Terms & Condition
  • Privacy Policy

© 2022 TecnoSoftMind - All Rights Reserved by TechnoSoft.

No Result
View All Result
  • Home
  • Technology
    • Apps
    • IoT
    • 5G
    • Cloud Computing
    • Blockchain
    • Gadgets
    • Big Data
    • Science
  • Software
    • Games
  • Mobiles
    • iOS
    • Android
  • Business
    • E-Commerce
    • Website Development
    • Web Designing
    • Web Hosting
    • WordPress Development
  • Digital Marketing
    • SEO
    • Social Media
    • WordPress
  • Finance
    • Financial Planning
    • Real Estate
    • Insurance
    • Cryptocurrency
  • Lifestyle
    • Health
    • Travel
    • Education
    • Entertainment
    • Sports
  • How To
  • Write for us

© 2022 TecnoSoftMind - All Rights Reserved by TechnoSoft.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In