The latest iteration of Tesla self drive software, v13.2, the first of the 13 branch distributed to final customers is hot, delivering awesome drives, navigating very well in highways and roads, and it’s really impressive watch it managing so well in and out of parking lots and tight awkward spaces.
Example:
Example 2:
In the bureaucratic front, the Incoming White House A.I. & Crypto Czar, David Sacks (a Silicon Valley veteran and Elon’s bestie) has promised the needed federal regulations hinting a much sooner than expected deployment of unsupervised FSD.
And Mr Market is starting to believe they can pull this thing off. We are now up 50% with $tsla trading at 390. I’m holding nfa.
Roughly three years ago I wrote some thoughts about the upcoming revolution in transportation, electrification and autonomy. Time for a quick update.
In the electrification front, sales of battery electric vehicles (BEV) in Europe (EU + EFTA + UK) + US have been blooming1,
BEV sales in units
I have excluded China and hybrid sales, because in both situations basically anything with a wheel and a battery can (and will) be considered an electric vehicle, which distorts the data to the optimist side.
Bottom line in the electrification sales in Europe+USA have reached 3.2 millions units in 2023, a 164% increase from 2021.
There is some near term concern with interest rates, sold out media to big oil and legacy auto (pumping hybrids and denigrating electric cars), and looming price wars with China… but despise all this, the long game is playing out very well, and in my mind it’s already won due to Wright’s law and the learning curve effect. The learning curve model posits that for each doubling of the total quantity of items produced, costs decrease by a fixed proportion (observed experience curve effects for various industries ranged from 10% to 25%).
Every battle is won before it’s ever fought
Sun Tzu
For instance, from 2020 with 800k units (Europe + USA data) and a cumulative production trough 2023 of 6400k units, we can calculate with a conservative 10% learning slope curve a 27.1% cost improvement over these last 3 years. In the real world EV prices actually have been dropping and the specs getting better each year. It’s kind of comparing apples to oranges, to compare a battery electric vehicle (EV) to an internal combustion engine (ICE) car, but I believe point of sale price parity is just around the corner, and the trend will be cheaper EVs than ICE in the (near) future.
It’s important to notice ICE industry doesn’t benefit pretty much from scale anymore, Earth currently has circa 1.5 billion cars2 in the world and a yearly 75 million production (an average 20 years renew of the fleet) so it would take at least 40 years to double the cumulative production… I’m convinced we will experience a curve discontinuity, when existing processes become obsolete by technological change.
Actually in the beginning of the ICE industry we can visualize Wright’s law working hard in Ford model T yearly price/units produced.
Also has expected, battery tech is progressing fast. At pack level (more relevant than cell level) the energy density trend is pretty self explanatory and there is still plenty of room for progress, while combustion engine is at the end of the technical development line.
YET… I reiterate, the true revolution it’s not the disruption of ICE, but it’s brewing in the autonomous vehicle (AV) front. And in the world of silicon chips and code lines, the frenetic Moore’s law is king. Dictating an expected doubling of capacity for the same cost every two years, hence a compound annual growth rate of 41%, Moore’s law predicts 180% better systems from 2021 to 2023 at the same cost (300% better by this year end, 21x better by decade’s end at the same cost… that’s the power of the compounding effect).
And boy there are big practical developments in the computers world, forget about machines playing chess (or go) at super human level, forget about image and text recognition. Artificial intelligence (AI) large language models (LLM) bots, being ChatGPT the most known to the general public, can now pass the Turing test!
Proposed by Alan Turing, it tests for intelligence in a computer, requiring that a human being should be unable to distinguish the machine from another human being by using the replies to questions put to both.
Also AI can now easily generate images and videos according to the user prompt. Let’s say, “draw me a picture of a dirt bike popping a wheelie on Mars with several spaceships in the sky” and after a couple of seconds… booom there you go….
So, as expected lots of progress going on, but can a machine drive a car safely in the real world with other road users around?
And the short answer is: YES IT CAN. Google’s Waymo currently operates daily commercial robotaxi services in parts of Phoenix, San Francisco and Los Angeles.
Google’s Waymo in SF
Also General Motors launched Cruise, a robotaxi service, but after several incidents, like cars freezing causing gridlocks, and crashes involving pedestrians and third party vehicles resulted in the suspension of the license to operate without a safety driver, and GM opted to halt it’s AV efforts “while undertakes a comprehensive safety review”4. Once again Mary Led and it matters.
Joe Biden notable remarks in 2021 Detroit Evs conference. Since, in 2023 Tesla sold 1.81 million (1.81 x 1000000) EVs, and GM sold 66 thousand EVs (66 x 1000) or about 3,6% of Tesla EVs sales…..
Also in the legacy auto world, Ford and Volkswagen, shut down Argo AI5 their joint effort to develop self-driving cars without achieving nothing relevant.
Meanwhile Mercedes has launched Drive Pilot, the first (and so far only) SAE Level 3 system (you can take hands out of wheel and eyes out of road) approved for sale in Europe and the US. Highly publicized It’s a mere marketing gimmick, because it only works on specific pre-mapped highways, during daytime, in good weather, and up to 40 mph in traffic jam situations (following a car).
Really what to expect from legacy auto in AV? As in 2024 they still struggle with simple software stuff like over the air updates and infotainment systems.I really don’t expect nothing but marketing.
From the tech world, Mobileye an Israeli spinoff from chip giant Intel focused only in AV technology, is currently valued at 26 billions, and it develops AV hardware and software to auto makers. Mobileye actually was the original provider of Tesla first autopilot, but after a deadly crash Tesla decided to pursuit AV on it own6. Also worth mention is Comma.ai, creation of George Hotz (the Iphone and Playstation jail brake hacker) that develops Openpilot, an open source (find it on github) effort that provides advanced driver assist features to several car makers trough purpose built hardware designed to be installed in the car.
There are clearly two different approaches to solve the AV problem, the legacy auto (and Waymo) using highly detailed and up-to-date maps combined with a suite of sensors like high precision GPS, lidar, radar, 5G connectivity. And the tech world going for cameras (vision only) and AI solution.
While the first approach, can bear fruit much quicker in geofenced applications like Waymo or Mercedes Drive Pilot it’s non practical or economical to scale, it’s a nightmare and expensive to produce and keep updated 3D maps at millimeter precision, and all those sensors come with a hefty cost, so (at least by now) it’s a non economic and non scalable solution. A general AV solution is needed, and in my mind this will be achieved with cameras and AI neural nets, you have to teach a F*g machine to see and react in real time to the world circumstances and changes.
$TSLA
So, if you read the original Transportation 2.0 post back in the day and decided to invest some hard earned money in $TSLA (260.20 close at the posting day) you are now a certified bag holder carrying a 7% loss.
General sentiment is not great, inflation, interest rates, waging wars are taking a toll in the markets generally, and Tesla specifically is also victim of a strong negative narrative from main stream media, and some US government harassment specially since Elon Musk bought Twitter.
So, is this the end? Better to sell all and move along? CNBC, Bloomberg, CNN heck most of the main stream media and Zuck social networks are spoon feeding the viewers with the same message, Elon Musk is bad, EVs suck, Tesla is doomed, FSD is a public danger, Cybertruck rusts overnight, the electric small/affordable car will never be produced, Tesla is doomed. investing in Tesla is crazy, the Chinese are coming, the end of world is upon us…
They must be right? Right? When, in doubt zoom out (and filter signal from noise).
Tesla # Cars Delivered per Year
Tesla GAAP Net Income Per Second (in USD)
I personally feel some 2018 vibes, when the company was between 2 growth waves, the first wave was the proof of concept with luxury segment Roadster, Model S and model X (tens of thousands units production), and the second wave was the EV mass production with Model 3 and Model Y (millions of units production). Back in the day, just like today, main stream media (with the best compliments of legacy auto and big oil advertising dollars) was pumping the don’t buy a Tesla and don’t touch TSLA stock narrative, they were soon to be bankrupt they say, DOOMED they say.
Tesla is doomed…
fate loves irony as Bob Lutz was a former vice chair of GM bailed in 2009 at a cost in excess of 10 billion USD to the tax payer.
I love it, it shows the fear and desperation of the bears.
Tesla FSD solution is now in 12.5 supervised, meaning it can do all the trips for you without touching the controls, but it requires a person at the driver seat supervising and being ready to intervene and override any error of the system. It’s not geofenced, it works well in rain or night conditions, with or without traffic (leading cars). A general solution for all, that is driving more and more miles.
Is it perfect? No, it’s a ongoing effort, and as time goes by It’s actually learning to drive better and better. Many FSD users report most of trips now are zero interventions, and it’s pretty easy to find Youtube videos of the car driving itself on FSD flawlessly for hours (the videos are getting quite boring).
We also know that in AI systems more data and more compute are always better. This is a big advantage to Tesla, because it’s the only auto maker with 6 million + vehicles with data collection and reporting capability. Talking about more compute, Tesla is developing a huge supercomputer cluster, code name Cortex, in Giga Texas scheduled to be operational in a few months, powered by a system up to 500MW specifically designed to train AI models.
Tesla has the biggest fans
So, when will the Tesla FSD be unsupervised? When will it drive around without no driver? Well my best guess (yes, it’s a guess) it will be available for customers in the next couple of years. There is a massive effort going, results are coming in. Back in 2021 it could drive for a couple of minutes without disengagements, now we are in the days mark and pretty sure weeks without disengagements are coming in. Tesla is getting closer and closer to the holy grail.
Pretty soon in 10/10 Tesla is doing the robotaxi unveil in the Warner Bros studios, and for sure we will have juicy updates and more visibility about the current state and future developments.
Other toughts amd considerations ex manufacturing and FSD
Biden administration is clearly anti Elon Musk, maybe because Tesla is not a unionized company, maybe because he’s a billionaire, maybe because he leans more to the center right, maybe because he bought and freed Twitter from left bias, maybe because he is a free thinker. The bottom point is that if Kamala wins the November USA presidential election, the federal harassment will continue, so let’s hope for a Trump win and a free market normal operation.
The media bias, as most of the media is left wing biased and on top of that Tesla doesn’t advertise (so they don’t get their money) it’s a daily stream of false information against Tesla that can eventually take it’s toll. The good point is that someone said any advertising is good advertising, and the facts speak for themselves and most persons with a functional brain can dismantle the lies and the bias really fast.
and….
so…. probably the Norwegians are just stupid or the news is stupid?
The TSLA stock chart is very promising with a massive symmetrical triangle ready to pop.
Symmetrical triangles represent a pause in the prevailing trend as bulls and bears reach an equilibrium. However, once the price breaks out decisively from the triangle, it often signals the start of a new trend or continuation of the prior trend. The direction of the breakout, whether above the upper trend line or below the lower trend line, tells you which side has gained the upper hand
Yesterday the Federal Reserve reduced the target for its key lending rate by 0.5 percentage points, to the range of 4.75%-5%. The first drop in 4 years signaling the beginning of an easing cycle that is historically very positive for stocks.
So if you are holding the bag since the 2021 post, be excited about the future and hold, there is a bright future ahead, and your patience can (and will) be very well rewarded (nfa).
Personally I wouldn’t bet against Tesla and Elon Musk.
Data sources: European Automobile Manufacturers Association, Kelley Blue Book ↩︎
Data source: fair estimate from automotive industry research firm Hedges & Company. ↩︎
https://www.youtube.com/watch?v=iWOD55f2mEk by https://x.com/LimitingThe ↩︎
Nikola Corporation Inc, formerly known as Nikola Motors Inc is the brain child of Trevor Milton, that back in the 2020 EV mania was able to ride the coattails of Tesla success, and parlay an ocean of lies into a SPAC listing, and… drum roll please… a peak valuation of 34 billions back in the day.
The company is still valued at 800 millions valuation, and keeps “Pushing the boundaries of possibility”.
Since SPAC (data in public SEC reports) net losses are rising each year in the last fiscal year almost reach 1 billion in losses:
Net Loss
2023
966.282
2022
784.238
2021
690.438
2020
384.273
values in millions
Nikola Net Losses
And since inception, Nikola has launched 1 (one) commercial product, the Nikola Tre, a semi-truck with a cab over design, with chassis sourced from Iveco. It’s available in two versions, the Tre BEV with a fully electric battery power train, and Tre FCEV running an hydrogen fuel cell power train. Final assembly in Coolidge AZ.
Why a new small hydrogen truck builder company is not 100% focusing… well… on hydrogen trucks...? Splitting its resources, between two technologies, with parts sourced from all over the world to final assembly in Nikola’s Coolidge facility in the Arizona desert is a logistics nightmare.
Well this a vestige of Mr Trevor Milton, lying, sorry hyping! the stock back in the day, with monthly products unveils such as the Nikola Badger, an F-150 inspired truck, promised to be faster than a Lamborghini yet cheaper than a VW Golf, the Nikola NZT an ATV for the explorers and the military… even an electric jet-ski the Nikola Wav.
Nikola was going to make it all for everyone. Land, sea, electric, hydrogen, you name it.
All of those concepts, renders and prototypes were obviously CANCELLED, never reaching near production status.
Going back to reality, the product that actually reached production, the Nikola Tre… the BEV version production has been halted due to pack manufacturing deficiencies detected after two under hood fires initially traced to coolant leaks in the battery packs. According to the latest filings:
BEV Recall Campaign
On August 11, 2023, the Company announced a voluntary recall of its BEV trucks… The incident was deemed likely caused by a defect within components of the supplier battery pack. The Company… has determined that replacement of the battery pack in all BEV trucks is the safest, most cost effective remedy. All BEV trucks have been transported to the Company’s manufacturing facility to be retrofit with alternative battery packs….. As of December 31, 2023, the Company accrued $65.8 million related to the recall campaign, of which $3.0 million has been incurred through December 31, 2023 for the BEV trucks that are expected to be returned to dealers and their retail customers once the recall work is complete.
Nikola is still in the early stages of solving this problem, so for the foreseeable future there will be no BEV sales. This is also very concerning for the FCEV safety, because 10’000 PSI compressed hydrogen is no joke. If there is some half hasted engineering issue, things can get quite explosive.
It’s quite a bullet to bite for customers to buy products from a pre bankrupt company, plagued by a shady lying founder, fire hazard in their first products shipped, and so much unknowns about hydrogen costs, network, technology safety, and so on.
Sales have been lagging and no sign of mass production achieved.
BEV
FCEV
Total
2023
79
35
114
2022
131
0
131
2021
–
–
–
semi-trucks shipped in units
Gross profitability is so far way… it’s not even a mirage. The gross loss tripled to a staggering 1.87 million per unit shipped….
Revenues
Cost of Revenues
Gross Loss
Gross Loss per Unit Shipped
2023
35.839
249.906
214.067
1.877
2022
49.725
135.694
85.969
0.656
2021
–
–
–
values in millions
With an accumulated deficit of 3.071 billions (ouch….), 464 millions of cash on hand, and 555 millions in liabilities, nowhere close of mass production or profitability, the company is in dire straits, at current cash burning rate it’s not possible to maintain operations for two quarters.
So, Nikola will do what it does better, sell more stock to investors:
At current rates of operations, and at 18 usd a share (reverse split adjusted), to raise the projected 500 millions needed to reach end of year, a whooping 27 millions of new shares (reverse split adjusted) must be issued and bought by investors.
The question is, will investors back this company again, again and again?
Insiders, at current low share price are in a dumping spree, showing little to no faith in the company future.
and the list goes on for quite a while… please consult the mandatory form 4 SEC filings about changes in beneficial ownership of securities for the full list of insider transactions.
The biggest stakeholder in Nikola at end of 2023 is the Norwegian people, owning 107,033,812 shares, and represented by these guys:
You can’t make this up, almost as cringe as their Nikola holdings… these are the woke (sorry, meant good) people of Norges Bank Investment Management responsible for the investment decisions of the Government Pension Fund Global.
The Government Pension Fund Global was established after Norway discovered oil in the North Sea. The fund was set up to shield the economy from ups and downs in oil revenue. It also serves as a financial reserve and as a long-term savings plan so that both current and future generations of Norway get to benefit from our oil wealth.
Norges Bank
A fund worth about 1.5 trillions with equity in about 9,000 companies world wide, owning 1.5 percent of all listed companies, the 100 millions stake in Nikola represents 0,0067% of it.
Even so I wonder if any due diligence was actually made, or they just bought Trevor Milton hype train. I don’t want to discuss here the merits of hydrogen as a power source for the future. This is a long discussion on efficiency, cost, safety, infra-structure and so on.
In my mind there will be a future for hydrogen, it’s a compelling technology for big oil and governments because it sustains the current centralized model of energy distribution and taxing. And probably, for some niche needs will be the best choice. But overall with much less percentage in the energy business mix that the average Joe assumes it will be for the next couple of decades.
I’m firmly convinced that Nikola Corporation lacks technical skills, management capability, and capital efficiency (noting that it burned 3 billion dollars to ship only 245 units since the SPAC in 2020) to be a player in the so called hydrogen economy. Current shareholders will be massacred in the foreseeable quarters with losses upon losses, and dilution and more dilution. Reverse split, de-listing to OTC, and chapter 11 bankruptcy are all strong possibilities in the next 24 months.
Usually I don’t short companies, I don’t like to earn money on other people failures. But this shady company, the lying fraudster founder and complicit management, the greedy investors that bought in because “Nikola is the next Tesla” or “Hydrogen is the future” sound bytes, ignoring all the red flags. Well… I can make an exception for this one, and short it no problem.
The inefficiency these kind of shady companies bring to the market, inflating the supply chain and labor, competing for resources that otherwise could be assigned to an efficient and ethical company. Burning capital and more capital with no criteria or results. This is all typical of market bubbles, as the 2020 EV stocks mania, but the market always takes over and prevails. The market is healing, and Nikola must die to finish the process.
At the publishing of this post the stock is 19.32 (friday 15/04/2024 close, reverse split adjusted 30x).
UPDATE 27/04/2024
As expected the company has filed a proxy statement to do “a reverse stock split of our common stock at a ratio ranging from 1 share-for-10 shares up to a ratio of 1 share-for-30 shares. Additionally, commensurate with the reverse stock split is a reduction of the number of authorized shares of our common stock from 1,600,000,000 to 1,000,000,000.” – or in summary to dilute current shareholders to oblivion.
So far (since October) they have fixed 1 (one) of the BEV recall, this company is a joke.
UPDATE 21/06/2024
As predicted the company approved a reverse stock split of 30:1
“At the 2024 annual meeting of stockholders of Nikola Corporation (the “Company”) held on June 5, 2024, the Company’s stockholders approved a reverse stock split with a ratio of not less than 1-for-10 and not greater than 1-for-30, with the exact ratio of the reverse stock split, if any, to be determined by the Board of Directors of the Company (the “Board”). On June 13, 2024, the Board approved a 1-for-30 reverse stock split (the “Reverse Stock Split”) of the Company’s issued shares of common stock, $0.0001 par value per share (the “Common Stock”).
The Reverse Stock Split will be effective as of June 24, 2024 at 4:01 p.m, Eastern Time (the “Effective Time”). Beginning on June 25, 2024, the Common Stock will trade on The Nasdaq Stock Market (“Nasdaq”) on a split-adjusted basis under the existing symbol NKLA, with the new CUSIP number 654110303.”
The 30:1 reverse stock split is now in effect. Yesterday closing price was .035 cents x30 split adjusted to 10.52 dollars (45% lower since this post publication recommend a short position at 0.64 x30 split adjusted to 19.32 dollars), I updated the weighted-average shares outstanding table and chart.
UPDATE 28/06/2024
Nikola has been deleted from the Russell 3000 index. The funds tracking this index must re-balance their portfolio according to the additions and deletions lists putting yet more selling pressure on $nkla.
In a world full of lengthy video reviews here goes my information packed, honest review of the refreshed Tesla Model 3 “Highland” after 5000 kilometers. It does have some flaws like the rest of us, but overall it’s an awesome product.
Dynamic performance
The car acceleration is fucking great for a cheap base non sport model, it pulls really good from stopped all the way to the maximum top speed with no hesitations what so ever. Is quite stable at high speed and turns really good in the twisties (the low center of gravity makes wonders), the ABS and TC are effective and actually let some wheel spin for fun factor. It can sustain top speed for extended periods of time, I never saw the dreaded “battery hot, reduced power available” warning that I always get when pushing in the “autobahn” previous electric models.
It’s a bummer that the car electronically cuts power at 200 kph when you feel enough to reach 220/230 kph no problem. The brakes are effective for every day usage, but rubbish for intense driving as they get too hot very easy (removing the aero wheel covers helps). So, don’t even think about track fun without changing brakes. Also, you can’t turn off ABS and TC… another fail in my book. The engine braking is omnipresent (kind of remembers a motorcycle) and non configurable, but when you change to a combustion car you really miss the control and security it grants to driving, and when you change back to EV you really don’t miss coasting. Suspension is awesome, it hides the car weight really well, but the weight is there and it’s felt in wet conditions and corner transitions, so be careful and take your time to know the handling in these conditions and avoid any scary situation.
Pro tip: when high speed driving turn off the lane assist feature, because the little wheel vibration it sends when crossing lines on the road can sometimes unsettle the precision of the car.
Just a note for European tight city centers road users, the car is a bit too big. When Tesla launches the compact/city car it will be just perfect for tight city driving.
Range, efficiency, charging and battery
The declared WLPT range is 513 kilometes, but whoever conjured this laboratory test should be sodomized by a gang of Senegal males in their prime because it’s utter unrealistic. So, full blast emergency mode with a knife on the teeth doing the best to trash the battery, hard accelerations and braking, long top speed segments expect a range around 150km, a more relaxed but yet sporty (going faster than most of traffic) expect about 250km range, city stop and go driving or/and single carriage in the 90/100kmh speed expect around 400km range. It can probably reach 500km autonomy hypermiling driving, personally I didn’t test it because I’m so not it the mood to waste life time driving for 6.5 hours at 70kmh.
Yes, this car wants and makes you feel good about going fast, because at home charging overnight you get 0.07 cents a Kwh, so lets say you charge from 0-100% it costs you 3.85 euros. In daily driving , no worries about the right pedal, expect a range of 250km or the mind blowing cost of 1.5 euros per 100km. So, if you are used to a diesel for daily driving like I was, each month lets say you spend 100 euros in fuel with this you spend 12.5 euros. So, really in my mind it makes no sense to go slow for saving energy/money.
If you are road traveling, and fast charging then expect the rip-off, around 60 cents Kwh in public networks that puts it a little above the average cost of a 2.0 diesel car, or around 30 cents Kwh in the fantastic Super Charger Tesla network which puts it a bit below the average cost of a diesel car.
Many friends ask me how much time it takes to charge, so in everyday use it takes zero time, you don’t have to go to the pump, you don’t have to wait in line for the person in front to get his coffee and snacks, when it’s under 70% of state of charge I simply plug a cord at night and go to sleep. in road tripping expect a stop of 15 to 20 minutes fast charging for every 2.5h driving (the car computer calculates and navigates the needed charging pit stops auto magically)
Other point, this version has a LFP battery, so no cobalt in it, but more important for me you can charge it everyday to 100% no problem with battery degradation. Also the expected degradation over the years of usage is expected to be minimal (maybe a report on this in some years).
The main point is, if you can daily charge it at home or work with normal energy rates is a great option. If you do lots of road trips then please do your research and the math because probably it’s not the best choice. It’s ridiculous all this government taxes and fees, probably Portugal is the worst example in the whole world, that in the end makes the user pay almost 10x more for the same energy in fast charging than home charging… what a rip-off.
UI
First things first, the highly controversial stalk less wheel design that was bashed all over main stream media. So, if you read news articles about this “issue” you have been click baited, as this is really a non-issue because after some weeks driving stalk less not only you get used to it, but when you go back to an old car with stalks it seems clumsy and stupid to take the hand out of the wheel to push a stick up or down.
Now the stalks remind me of a big old classic Pong style controller, and the wheel buttons feel like a modern Playstation controller. Ask yourself which one would you rather use?
I have two complaints about the Tesla big touch screen that controls basically all the car functions, and no I don’t miss the knobs and buttons cluttering the console at all.
First a minor complaint, it bugs me that there is no way to shut down the screen and keep the music and climate. I’m not the kind of person to be parked sitting in the car, but this car is so fucking comfortable with great seats, awesome sound system and climate control (and no worries about battery depletion) that I find myself resting a bit in beautiful places, and Youtube is fine, Netflix is fine, Disney+ is fine, the games are fine, but sometimes I just want the darkness to stargaze at night, and the only way is to throw a black shirt over the screen (so boomer…).
Second is a major complaint, probably the thing that bugs more in the whole car. You are connected, you have GPS, you have a big processor to serve you, you have a beautiful big screen in front of you, yet you have to use the phone to run Waze to protect yourself against the speed traps, accidents, traffic jams, construction, and other obstacles. It feels so stupid to ditch Tesla navigation and look down at tiny phone screen…. and for sure a company that is working in AI, Full Self Driving, humanoid robots could for sure develop in a couple of days a social navigation tool.
Speaking of AI, in Europe we still don’t have access to Full Self Driving but the Auto Pilot on highways work just fine, a little bit too cautious sometimes it tends to get a scared and brake a little too much, also the nag its quite boring and should be deleted in my opinion (will order a Alliexpress weighted hand to defeat this regulatory shit), also the inside camera watching you can be easily defeated with a bit of black tape. Damn how I hate these paternalists bureaucrats running the European Union.
Final toughts
The Tesla phone app is awesome, sentry mode is awesome (I always park my motorcycle in front of car for security), love the phone key, love the ability to use the phone to open/close the car and grant via a shareable link access to it makes keys feel so outdated (I hope one day all vehicles will work like this), it’s so easy and simple to go fast and efficient from point A to point B, the solid overall build and feel, the spacious interior and luggage storage, the lack of oil changes and maintenance, the great price point make this a five star product.
It’s no wonder the Model Y was the best selling car of the world (of any type). Congrats and thank you Tesla.
