Sam Korus, Nick Grous, and Tasha Keeney discuss the latest Tesla Earnings and controversies surrounding Tesla's FSD Version 12. They also delve into the surprising performance of a robot hand called Optimus and explore the future implications of metaglasses.
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Quick takeaways
Tesla plans to roll out an end-to-end AI solution for full self-driving, showcasing its confidence in autonomous driving capabilities.
Tesla's advantage over competitors lies in its fleet of millions of cars already on the road, promising potential for widespread and performant autonomous transportation.
Deep dives
Key Takeaways from Tesla's Full Self-Driving (FSD) Version 12
The latest update from Tesla, FSD version 12, plans to roll out the end-to-end AI solution for full self-driving to all customers in the US in the coming weeks. The update showcases Tesla's confidence in its autonomous driving capabilities, with over 99% of the car's operations now controlled by AI. Videos online demonstrate improved performance, with drivers experiencing no interventions while the car drives itself on city streets. Tesla's FSD 12 update positions the company for potentially launching a robo-taxi service, pending regulatory approvals and agreement with customers on the conditions of operation.
Comparison to Waymo and Robo-Taxi Potential
Videos of Tesla's FSD 12 demonstrate its current capabilities, handling more cases than the previous FSD 11 version. While it may not be perfect, it signifies that Tesla could potentially launch a robo-taxi service, albeit with limited operations areas and necessary regulatory approvals. Tesla's advantage over competitors like Waymo lies in its fleet of millions of cars already on the road, which opens up the possibility of rolling out robo-taxi services in more cities. Tesla's scale promises the potential for widespread and performant autonomous transportation.
Personal Experiences with Tesla's Autopilot
Users have reported positive experiences with Tesla's Autopilot functionality, particularly on highways. Drivers have found it reliable, with the car handling approximately 70-80% of the driving during long trips. However, some users still preferred taking over in city streets to navigate congestion faster. Tesla's continuous improvement in Autopilot capability, demonstrated through FSD updates, raises confidence in the potential of autonomous driving technology.
Tesla's Growth, Controversy, and Future Opportunities
Tesla addresses the period between waves of growth, with the Model 3 and Model Y launches behind them and a year and a half until the next generation vehicle. Despite short-term guidance, Tesla shows potential for growth given its factory capacity. The short-term versus long-term perspective becomes pertinent, as Tesla continues to invest in autonomy, optimus, and AI hardware. Traditional automakers scaling back their EV and autonomy plans, Tesla's positioning could provide a significant advantage. Concerns surrounding Apple's vehicle debut and skepticism about their autonomous capabilities have arisen as Tesla remains a leader in various areas of transportation innovation.
Let's unpack the latest Tesla Earnings! This week, Autonomous Technology and Robotics Director of Research Sam Korus and Associate Portfolio Manager Nick Grous are joined by Director of Investment Analysis and Institutional Research Tasha Keeney, CFA. Together they discuss Tesla Earnings, and their outlook for the company.
If you know ARK, then you probably know about our long-term research projections, like estimating where we will be 5-10 years from now! But just because we are long-term investors, doesn’t mean we don’t have strong views and opinions on breaking news. In fact, we discuss and debate this every day. So now we’re sharing some of these internal discussions with you in our new video series, “The Brainstorm”, a co-production from ARK and Public.com. Tune in every week as we react to the latest in innovation. Here and there we’ll be joined by special guests, but ultimately this is our chance to join the conversation and share ARK’s quick takes on what’s going on in tech today.
Key Points From This Episode:
Tesla Earnings
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Twitter: https://twitter.com/public
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