The chapter explores the hurdles faced by autonomous vehicle companies, including Fisker's NHTSA investigations, fundraising methods like SPAC mergers, and legacy automakers transitioning to EVs. It also discusses shifting market trends towards affordable EVs, Tesla's focus on robo taxis over low-cost EVs, and the feasibility of self-driving features. The conversation delves into Tesla's strategy with robotaxis, the potential marketplace for driving automation products, and the skepticism surrounding achieving Level 4 autonomy.
With Tesla's core EV business losing all growth momentum, Elon Musk once again appears to be gambling the most valuable automaker in the world on a driving automation tech play that is clearly not viable. The gang chews on this meaty topic, after a round of AV appetizers featuring the return of Cruise and the death of Ghost.