David Meier, a Tesla performance expert, discusses the company's impressive safety record, revealing autopilot crashes occur every 7 million miles, compared to the U.S. average of one every 700,000. He also dives into Tesla's ambitious plans for full self-driving and humanoid robots. Jason Moser shares insights on Empire State Realty Trust's finances, providing an overview of investment opportunities and the impact of changing work patterns on the New York office market. The conversation highlights strategic shifts in companies navigating today's economic landscape.
Tesla's recent growth, fueled by energy revenue increases and optimistic vehicle sales projections, reflects a positive shift in investor sentiment.
The significant improvement in Tesla's full self-driving safety data illustrates advancements towards full autonomy, while challenges remain in replicating human decision-making.
Deep dives
Tesla's Quarter Performance Insights
Tesla's recent quarter showed notable growth, particularly in energy revenue, which increased by over 50%. Despite a modest 2% rise in automotive revenue, investor sentiment improved significantly due to Elon Musk's optimistic projections of a 20% to 30% vehicle growth next year. Tesla's ability to maintain or increase sales even as average selling prices decline is a positive indicator for investors. Overall, there is a clear sense that growth momentum is returning for the company, with stock prices reflecting this newfound confidence.
Towards Full Autonomy
The advancements in Tesla's full self-driving technology are suggesting a promising path towards achieving full autonomy, with the latest vehicle safety report showing one crash for every 7 million miles driven in autopilot mode. This statistic highlights a tenfold improvement compared to the U.S. average of one crash per 700,000 miles. However, experts acknowledge the challenges of unsupervised driving, emphasizing the complexity of mimicking human instinct and decision-making. Despite this, the progress in training and data collection across the fleet indicates that Tesla is moving closer to its goal of making fully autonomous vehicles a reality.
Growth in Tesla's Energy Division
Tesla's energy division is experiencing significant growth due to increasing demand for renewable energy sources such as wind and solar, accompanied by advancements in battery storage systems. The reduction in costs per kilowatt for utility-scale battery solutions makes it an economically viable option for energy producers. This trend is expected to continue as companies seek to integrate efficient storage solutions with renewable energy generation. Tesla's strong position in this market suggests that the company will play a pivotal role in the expansion of renewable infrastructure.
In the EV maker’s latest vehicle safety report, autopilot showed one crash for every 7 million miles driven. The U.S. average is one crash for every 700,000 miles.
(00:21) David Meier and Ricky Mulvey discuss:
- Tesla returning to growth.
- Expectations for full self driving and humanoid robots.
- Peloton’s deal with Costco.
Then, (15:39) Anand Chokkavelu hosts Matt Frankel and Jason Moser on Scoreboard covering Empire State Realty Trust. Scoreboard is available to members of any Motley Fool service at 7:00 pm ET on Motley Fool Live, or any time in the video library.