Tesla says its vehicles that are equipped with the latest versions of its vaunted “Full Self-Driving” system can travel from point to point with little human intervention.
They were a tech company because they developed cars with features and technology no one else ever had. The stock stayed too high because they were delivery 50%+ growth every year and legacy manufacturers weren’t even trying to compete. The stock was truly excessive because of a long term roadmap to bring the future into present reality. Funding for ai was part of the competitive advantage, when it was used to add features to their cars.
AI for its own sake is not a good place to be and will only suck attention and funding from the core business
Humanoid robotics may be a vision of the future and I’m excited that someone will make that attempt, but it has nothing to do with cars. It’s a distraction of funding and attention at the expense of the core business
Previously Musk developed a portfolio of companies, so each can go for their own attempts at the future with less impact on each other. It’s just basic business sense. For example, a solar company could go bankrupt without affecting a car company. Now he’s taking a leap of fantasy and I don’t see any sign of the solid technical base other of his companies started with, and he’s doing it as part of a company that had been succeeding
Electric cars is an incredibly old Tech (older than ICE, even), since the very first cars invented were electric.
Tesla were just updating an old tech and trying to make it viable (in which they succeeded), by using modern batteries and electric motors instead of what was used in the original EVs.
The innovative Tech stuff was things like automated parking and automated driving. I don’t think integrating what’s basically a tablet on a car dashboard counts as innovative Tech - it’s the same kind of thing makers of “Smart” Fridges were doing - grab old tech, put a touch screen on it and call it high tech.
Without the actual high tech part around automated driving, Tesla is just a company that started in the market for car manufacturing with a strategy of carving out a new market segment by updating to the XXI century a technology from the XIX century that is now cheaper to run and adresses the Ecological concerns of many people - quite a smart and in some ways innovative business strategy but it makes them no more a Tech company than Mercedes-Benz is a Tech company for having invented Electronic Fuel Injection or my local supermarket is a Tech company because they have a smartphone customer loyalty app - merelly using existing Tech, integrating new Tech that somebody else invented with old Tech or even inventing new electronic parts for a specific domain is not what makes a Tech company, IMHO.
That said, the Stock Market will believe any old bollocks and the Startup World has never been this fraudulent (and I say this having been an insider) so you can pass pretty much anything that uses Tech in non-innovative ways as a Tech Company - I mean Glovo is deemed a Tech Company even though their business is basically a booked express delivery business that uses a smartphone app and has some backend integration with sellers - a new combination of existing things, not innovation.
Improving an existing technology using modern components is an “improvement” but is not especially “innovative” and not at all any kind of unique breakthrough - it’s Tech use, not Tech making.
Maybe because I’ve spent most of my life working at or near the bleeding edge of Technology I don’t find them especially innovative in Tech except for the self-driving stuff: what they did that was impressive was in the sphere of business strategy and they seem to have run with just that for too long and not pivoted when they should’ve.
That said I can understand that people holding shares is TSLA would be scared shitless about Tesla not being treated anymore as a Tech company by the stockmarket, and hence desperately try to argue that Tesla is a Tech company that makes cars rather than a car company that uses Tech like all the other carmakers.
They were a tech company because they developed cars with features and technology no one else ever had. The stock stayed too high because they were delivery 50%+ growth every year and legacy manufacturers weren’t even trying to compete. The stock was truly excessive because of a long term roadmap to bring the future into present reality. Funding for ai was part of the competitive advantage, when it was used to add features to their cars.
AI for its own sake is not a good place to be and will only suck attention and funding from the core business
Humanoid robotics may be a vision of the future and I’m excited that someone will make that attempt, but it has nothing to do with cars. It’s a distraction of funding and attention at the expense of the core business
Previously Musk developed a portfolio of companies, so each can go for their own attempts at the future with less impact on each other. It’s just basic business sense. For example, a solar company could go bankrupt without affecting a car company. Now he’s taking a leap of fantasy and I don’t see any sign of the solid technical base other of his companies started with, and he’s doing it as part of a company that had been succeeding
Electric cars is an incredibly old Tech (older than ICE, even), since the very first cars invented were electric.
Tesla were just updating an old tech and trying to make it viable (in which they succeeded), by using modern batteries and electric motors instead of what was used in the original EVs.
The innovative Tech stuff was things like automated parking and automated driving. I don’t think integrating what’s basically a tablet on a car dashboard counts as innovative Tech - it’s the same kind of thing makers of “Smart” Fridges were doing - grab old tech, put a touch screen on it and call it high tech.
Without the actual high tech part around automated driving, Tesla is just a company that started in the market for car manufacturing with a strategy of carving out a new market segment by updating to the XXI century a technology from the XIX century that is now cheaper to run and adresses the Ecological concerns of many people - quite a smart and in some ways innovative business strategy but it makes them no more a Tech company than Mercedes-Benz is a Tech company for having invented Electronic Fuel Injection or my local supermarket is a Tech company because they have a smartphone customer loyalty app - merelly using existing Tech, integrating new Tech that somebody else invented with old Tech or even inventing new electronic parts for a specific domain is not what makes a Tech company, IMHO.
That said, the Stock Market will believe any old bollocks and the Startup World has never been this fraudulent (and I say this having been an insider) so you can pass pretty much anything that uses Tech in non-innovative ways as a Tech Company - I mean Glovo is deemed a Tech Company even though their business is basically a booked express delivery business that uses a smartphone app and has some backend integration with sellers - a new combination of existing things, not innovation.
Are you actually trying to says Tesla is no real technology improvement over done 1890s electric salon? I want what you’re smoking
Improving an existing technology using modern components is an “improvement” but is not especially “innovative” and not at all any kind of unique breakthrough - it’s Tech use, not Tech making.
Maybe because I’ve spent most of my life working at or near the bleeding edge of Technology I don’t find them especially innovative in Tech except for the self-driving stuff: what they did that was impressive was in the sphere of business strategy and they seem to have run with just that for too long and not pivoted when they should’ve.
That said I can understand that people holding shares is TSLA would be scared shitless about Tesla not being treated anymore as a Tech company by the stockmarket, and hence desperately try to argue that Tesla is a Tech company that makes cars rather than a car company that uses Tech like all the other carmakers.