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Tesla and Technology Companies Using AI
Tesla is the most profound AI company out there, according to Cathie Wood. Why have growth companies gone up in value this year? Cathie Wood thinks the biggest reason is that interest rates are slowing and inflation is coming down. The most contributing factor to this was inflation and high interest rates.
Value won't go straight up, and there will be pullbacks to Tesla and growth companies. The world is changing incredibly quickly with many things including AI. ChatGPT is capturing people's imagination. The future of companies and AI is very much in a race to see who can capture the most market share. Many companies not utilizing AI could be disrupted. Fortunately for Tesla, they are all-in on AI.
Tesla is one of the most profound AI companies out there, and it is at the top of Cathie Wood's investing list. It is a technology company. Autonomous Robotaxi platforms are the biggest opportunity in the next 5 to 10 years around artificial intelligence.
Tesla has a 25% gross margin with its vehicles and that will increase slowly. Tesla is in the position to be the primary Robotaxi platform in the United States. The gross margins for FSD and level4/5 autonomy is going to be 80%. Her price over 5 years is up to $1,600 with 1/3 of that being from the EV scaling and production. The rest will come from AI and software as services. She didn't mention anything about Energy, which I also think will contribute to Tesla's value.
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How Tesla is the Most Profound AI Company In the World
Many people don't see Tesla being able to solve autonomy because it looks too hard. Tesla has made steady progress over time, but it still has a ways to go. Many technology companies, including Tesla, had to shift in order to handle the pandemic that happened. Tesla has had to navigate supply chain shortages and issues with many workers not actually in the factory.
AI is going to assist in productivity gains, and Tesla will benefit - not just with its FSD, but with its eventual Tesla Bot. First, I'll talk about how FSD will assist with productivity gains. When you can ride in a car or your car without having to steer and drive, you are free to do other things like work, relax, talk with others, or anything else. You could even have a Zoom meeting while the car is driving.
FSD will also make a vehicle much more productive. A vehicle with FSD can be out on the road for let's say 12 hours a day. During that time, it will have to charge and be wiped off a few times to make sure the cameras are clear, but it will be able to give people rides. I'd say, during a 12-hour work day for a vehicle, that it can give 18 people rides - assuming some short rides and long rides. There will be some maintenance with tires, wipers, and things, but it should be much less than the money earned from a Robotaxi.
This is going to benefit people who own a Tesla. They will be able to send their car out to give other people rides. I expect that with my Model 3 RWD, that I'll be able to eventually earn $1,000 a month or more after factoring in maintenance, repairs, and charging.
The Tesla Bot is Elon Musk's long term vision of being able to assist and expand on human labor. The Tesla Bot will first focus on repetitive, boring, and dangerous tasks. I think it will start with boring tasks that are easy, like watering plants or cleaning floors. It needs to prove that it can do those well.
AI is going to assist the world in many areas, and Tesla is a leader in AI. Do you believe Tesla is a leader in AI?
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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.
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