Hertz Cuts Back Tesla Fleet, Giga Berlin Production Pause, Cybertruck Deliveries
Вставка
- Опубліковано 10 січ 2024
- ➤ Hertz announces plans to sell significant portion of EV fleet
➤ CPI report slightly higher than expected
➤ Tesla reportedly plans temporary Giga Berlin pause
➤ Non-employee Cybertruck orders receive VINs, delivery may be scheduled
➤ Tesla reportedly informs workers of pay increases
➤ Tesla announces Megapack commissioning in Hawaii
➤ Model 3 Highland begins to appear in stores
➤ Minor Dojo update
➤ Toyota exec comments on solid-state batteries
➤ Lucid announces production and deliveries
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Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Michael Pastrone
Executive producer Richard Del Maestro
Executive producer John Beans
Editing assistance by Jasem Ashkanani
Music by Evan Schaeffer
Image(s) and/or footage used under license from Shutterstock.com
Disclosure: Rob Maurer is long TSLA stock & derivatives - Наука та технологія
My cybertruck delivery is Sunday!!!
Solid state again.
I suspect Toyota drops this announcement every time they feel a stock price bump would be nice right about now.
Thanks for your reporting, Rob.
It's kinda like Elon's "FSD by the end of this year" statement but from the actual company... Maybe they're just overly optimistic.
I find this story extremely confusing, not because of the presenter but because of Hertz. Normally Hertz sells off cars after they have been driven 30K to no more 50K miles. This is because the maintenance cost jump after 30K miles. In this ad Hertz are selling Tesla model 3 with 80K+ miles and in only 2 years. In previous video I have seen that Hertz was complaining that electric cars have high maintenance costs... there seems to be an inconsistence in their actions. The real complaint by Hertz is that the retail price of the Tesla model 3 has dropped significantly since they were originally purchased and will continue to decrease. The Hertz business model depends on the retail price of their purchased cars going up or at lease remaining the same. The real problem is that Hertz's business model is outdated. The real proof of this is the new deal between Uber drivers and Tesla where the cars will rapid generate high mileage and require low or minimum maintenance. This business model works because the cars will be sold after a shorter time therefore reducing the potential exposure to a drop in retail prices. Hertz needs to get their business model straight!! I would also like to see the results of the Polestar EV that they also bought.
If Hertz is concerned about residual values when they sell the cars, why sell now? As Rob mentioned those cars have already had their worst depreciation (new > 2-3 years old). Seems like they're doing the worst thing possible resale value.
Hertz is going bankrupt that’s why
Hertz has gone bankrupt who knows how many times. CEO Scherr(?) is demonstrating typical Hertz CEO befuddlement.
As the resale value of the cars has dropped,
Their CURRENT balance sheet looks bad, due to assets far more devalued than they thought.
Therefore, selling off those assets reduces that financial statement eyesore.
In short, Hertz is a shit show of a company now - just ask the employees.
Hertz and other car rental companies are going to clear out old inventory in preparation for taking advantage of the huge discounts that will be available to fleet buyers for surplus inventories of ICE vehicles. ICE vehicle inventories are skyrocketing.
There are already ten of thousands of new cars sitting at airports that aren't being rented everyday in all major airports and tens of thousands of cars at dealerships across the country that aren't being sold
00:01 Giga Berlin production pause affects Tesla stock
01:31 Transportation challenges affecting Giga Berlin production
03:01 Hertz plans to sell about one-third of their global EV fleet, mostly comprised of Tesla vehicles
04:28 Hertz to reinvest proceeds from EV sale into ice vehicles
05:53 Differences in EV use for rental fleet vs. actual owners
07:24 Tesla employees in Fremont to receive market adjustment pay increase
08:50 Departure of Tesla's senior software engineer and updates on Toyota's solid state batteries
10:22 Lucid Motors facing significant production and financial challenges.
Thanks!
Thanks Rob! Good balanced commentary on the Hertz issue. You are a much valued resource!🙂
Tough day for the stock for sure, but having seen the Cyber Truck today for the first time in person, I can say my day ended on a HIGH NOTE. You really do have to see it for yourself! These red days during this time of year are a challenge when it comes to cash flow... but if this keeps up it will be another January sale that we will make sure not to miss out on. When in doubt Tesla family, zoom out!
I needed this update. Thank you Rob for putting the Hertz and Berlin situations in context!
I love reading the comments on Rob's videos. More insightful than any of X/Reddit discussion.
Thanks Rob!
Tesla repair costs have to come down. It’s not just initial costs that need to drop to accelerate adoption of EV but also repairs.
I'm not surprised to see Hertz cutting back on EVs. We drive an S and a Y on a day to day basis. We recently rented a Model 3 while on vacation and enjoyed the drive. I expect that most travelers opt out of EVs due to charging time. When you consider its scarcity, vacation time is extremely valuable and is often very expensive. The concept of loosing vacation time due to charging is bound to have an effect on rental choice (especially by non-EV owners). If you charge a model 3 from 10% to 70% on a 250 KW charger, you can complete the charge in less time than it takes to eat a meal and only a few minutes longer than it takes for a bathroom break.
Unfortunately, almost all non-EV drivers and many EV drivers don't know how to optimize their charging. The effect poor optimization is lost vacation time and one result is likely to be a marked drop off in repeat rentals. Tesla and Hertz both need to do more to educate drivers on how to optimize charging while on vacation. We need many more level 2 chargers at hotels and more eateries within 5 minutes of superchargers.
I am not surprised to see the updated Model 3 here in the US. The cars are likely to be coming from China. It makes sense given the current transportation issue from China to Europe as you mentioned. It also works in Tesla's favor. Tesla can maintain US Model 3 sales by introducing the updated car earlier than planned or expected. The early introduction will divert some of the typical order drop off that usually precedes the introduction of most new Models. For Tesla the process if further exacerbated by the production lag introduced by downtime for retooling and ramp up of the new model.
If they choose, Tesla could cover some the world wide impact of diverting cars from Europe to the US, by reducing new Model 3 sales in Sweden.
It is not only due to charging times but also about the costs potentially associated with repairs if there are crashes. Those electric car batteries tend to damage easily and be relatively costly to repair.
Thanks Rob brighter days are somewhere in the future
Thank you Rob
Great videos Rob👍😎
Interesting news coming from Hertz. I rent from them all the time and always request Teslas, unfortunately I find they are almost always sold out especially model y and they say that Teslas are by far the most requested vehicle they carry and this is all across the country. Hertz does always have other evs, polestar etc. available but I have learned to pass on them for being far less than satisfactory. One issue that I am inclined to agree with is that novice ev drivers are extraordinarily harsh on the cars.
Novice drivers are harsh how? And if the demand is so high then they are literally just selling them because of the high depreciation? I thought they must have been experiencing some other issues as well.
They can install a new line for the Model 3 Highlander in Berlin when they stop for 2 weeks.
Highlander is a Frunkin’ Toyota😅
Another cool, calm and super slick presentation amidst an ocean of squalls! Don't know how you manage to do it!
I think the hertz news has a lot to do with the depreciation. Not only The price cuts Rob mentioned but also the model 3 refresh is likely to drive the value of Hertz's model 3s down even more.
A fair number of Tesla buyers felt buyers' remorse after Tesla's big 2023 price cuts. Instant depreciation.
For a time, when production lagged demand, resale values were ridiculously high. I cautioned folks not to assume low depreciation in their BEV vs ICEV cost comparisons, but some did it anyway. Hertz may have done that.
High resale values could not last, not with Tesla growing production 40-50% annually and needing to go increasingly down market to find demand. Plus, the pandemic was atypical. ICEV producers quit producing as much. Dealers ran out of inventory. Resale values bumped upward across the board. Hertz probably misfired into a spreadsheet with some unlikely assumptions about depreciation. Now they have a bit of buyers' remorse, too.
From a purely business standpoint, this is a good time for Hertz to flee back to ICEV. There's an inventory glut; it's a buyer's market. Depreciation will be ungentle, but so long as rental agencies take that into proper account, it could make sense, from a cost perspective.
In the short run, at least.
Hertz and the others are making a mistake, however.
What they *should* do, and have not, is hold Teslas for 4-5 years.
They would have to ramp up their detailing capabilities, but the backend savings on maintenance ought to more than make up for it.
Run out the warranty and keep going. A 5 year old Tesla is likely significantly more reliable than a 2 year old rental ICEV, unless it's in an accident. There just aren't very many failure modes.
Hertz also should adjust their fill-er-up on return policy. Customers will be enticed much more by rental BEVs if Hertz takes the car back and plugs it in, no surcharges. Why not? They can get cheap electricity and have each unit ready to go in 30-45 minutes. If customers don't have to worry about exorbitant fees, there's no reason to prefer ICEVs.
Some very good points. Remember Tesla gives them zero discount. Legacy gives the rental companies huge discounts so they lose very little when they resell their cars. This is a big reason why they should keep their Tesla fleet for much longer than they keep the ICE fleet. @@Urgelt
I'm not 100% sure how it works but I imagine the depreciation would affect there quarterly financials in some way. They may be concerned about the effects on share price as they did not anticipate large price cuts and are somewhat "over leveraged" now and need to scale back...
I bought my Tesla in September 2022, my car depreciated rapidly Januar 2023, personally really not a problem since I am going to drive it for 10-15 years
@@casperhansen826 yes. The answer to depreciation is to keep the car - if it runs well.
I think hanging onto a Tesla until it no longer serves the purpose is a very good strategy.
Thank you Rob. Wishing Lucid success but this is a brutu business to be in. Good news on the cybertruck delivies.
Hey Rob, I received the invite and place an order for AWD Foundation on the 9th, Jan - Mar expected delivery. Im in the greater Savannah GA area
There are MANY airports around the nation with Hertz rental car stores and get this... they don't even have Level 1 or Level 2 charging, they are using Hertz employees to drive to Superchargers. That is no way to run a business... Imagine getting a car back with low range, having to use your own employee to drive to a supercharger, charge, then drive back. That's a lot of inneficiency and OpEx costs just that bleeds into profitability. This is indeed a black eye for Hertz, not Tesla. Range anxiety doesn't exist, but charging anxiety does.
And Hertz has few workers- paid minimum wage. I’m having trouble coping with airport anxiety. 🥹
I like that Lucid CEO can be there for every delivery personally. You feel important if the CEO give the car to you... :)
People using rental cars are usually on trip. They don't have the time to learn and plan charging stops that adds complexity to their already tight schedule.
Toyota will also offer "free beer tomorrow" at their dealerships. 😂😂😂😂
I would be interested in the earnings potential of the Megapack installation at GigaTexas. If it charged at low or normal rates, how much revenue could be recognized utilizing Autobidder to sell at much higher rates?
Starting pay Fremont $25,25 existing employees got a six to 8 dollar raise. Plus we get our bonuses back
Hertz: buy high, sell low
Every time I have tried to rent a Tesla from Hertz, I was not able to. I finally got fed up and renting from Turo.
All cars depreciate... if they were planning around the resell to be profitable, then that was a mistake.
Same here. Hertz is a fn shit show of a company and will be bankrupt again soon enuf. There is zero technology in their organisation.
Buy a classic Ford Mustang!
Buy a classic Ford Mustang!
06:53 Hertz CEO: “At some point, the reality of EVs and Teslas being the best selling car, will at some point render them the best rental car”.
I'm genuinely sad to hear the news about Lucid. It seems like they make such a great vehicle with good intentions. I hope they can turn things around.
Great intentions doesn't solve production hell. Sad but production is very hard, as we have been told countless times. And their vehicles are clearly not compelling enough.
... Or the Berlin downtime could be used for Juniper reconfiguration... (I wish).
Hertz is a legacy car rental company and cutting back their EV‘s fleet just like all the Legacy auto manufacturers who are cutting back production of their EV‘s because buyers don’t want their Legacy Ev they want Teslas.
There is an opportunity to establish a pure play Ev car rental company.
It seems sensible the rental stock to have a more conventional acceleration and behaviour: something that can easily be tweaked in the control software.
If you placed the Cybertruck order back when FSD was cheaper, are they honouring the price?
The experience of renting a Tesla from Hertz can be frustrating and disappointing to a traditional ICE driver.
Charging only at supercharger sites is expensive. Equivalent to gas for an ICE vehicle.
The unfamiliarity with Tesla’s interface is a struggle initially.
Hertz made deals with Uber to rent out their vehicles to ride share drivers. The drivers beat the hell out of the cars which created a huge repair bill. Tesla also dropped the prices; so the cost to fix the fleet is more then the cars are currently worth.
Loocid motors is Donezo.
Surely, damage done by a driver of a Hertz EV is paid for or charged to the driver or their insurance?
Hmmm - Cory Steuben formally of Munro is now chief engineer of Lucid mid-size program, so they have a smaller vehicle coming too
Really? Is that why he left munro?
@@brendanboon9062 yep. Salary probably went up 4 times - he is chief vehicle engineer Mid-size. His workplace is in Palo Alto, near Tesla engineering. As long as the Saudi PIF keeps funding for a couple of years, I expect he has a bright future somewhere.
@@peteregan3862 thx for the info, always wondered why he left
So Berlin is now a minor production site ?
Ignore all Toyota reports claiming exciting tech 2-4 years out. They assume you’ll forget their announcement.
The Hertz news is odd. Every time I’ve considered renting a car since Hertz started buying Teslas I’ve checked Hertz’s site and I’ve rarely found a Tesla available for my rental (as in, they were rented).
Demand seems to exceed supply for these vehicles, in my experience.
👍
Highland was never the name of a car model. For those (like Elon) who knows their automotive history, Ford made the first Project Highland in 1913. The Highland Project was a brand new production platform, situated in a special designed super factory, that cut the cost >50% and created a mindblowing demand, that made 200 other makers go bankrupt next year. Now that makes more sense, than the Reuters Bureau misunderstanding(deliberately), and made people believe is just was a refreshed M3. Did they trick you as well? Read between the lines: Elons Project Highland and the Compact 25K$ is imminent.
Are you speculating that "Highland" wasn't actually about the Model 3 but their next generation vehicle platform?..
@@madhououinkyoma I cant see any other explanation. Its the only one that makes sense to me.
Pay increases are a no-brainer in an inflationary environment.
Out of the 20,000 EVs being sold by Hertz, about 600ish are Teslas? Regardless, all the problems Hertz is seeing with EVs remain.
No, that's misunderstanding on social media. Hertz is selling these vehicles throughout 2024.
Grata
Serious demand problem. A soft landing is not here yet. What happens when economy really slows down, with a 60 pe.
susu2142 did get their truck today.
A couple years = Two weeks 😂
Tesla fudged up with that LED reflection in the front windshield.
Not “fudged.” Frunked!😮
@@FrunkensteinVonZipperneck7 Series Beamer does the same thing. Idk how ppl drive like that.
Tesla sales went 77% down in december in Germany because insentivs for evs stopped!
Another round of tesla cutting prices in china up to 6% the stock downturn is very painful for the time being
Short term, not an issue. This is not a short term stock purchase for me, I bought 4 years ago for a ten year cycle. You can tell how Tesla is disrupting the industry by the huge amount of negative reporting of every aspect that is pouring out at the moment.
Hmmm.... things are looking bleak, and we are not quite yet at the stock price of 3000 Tesla Daily predicted two years ago...
So much for Hertz being a "green company" and caring about the environment....
#hertz tried to pawn a #chevybolt off on me and said bring it back full, I told them to FO.
As to Hertz, if they expect normal depreciation on EVs they are sadly mistaken. It is in Elon's master plan to continually drive down EV costs. I imagine that by the end of this decade a new model 3 will be around $28,000 in inflated dollars! No one should buy an EV with the idea that they can sell it and not be upside down in a car loan. I think EVs will go down in price sufficiently to where you may only break even or be underwater in a resale after only two or three years.
Battery prices are continuing to nose dive and the new unboxed assembly methods along with Teslabot doing the car assembly will drive prices down a lot by 2026/2027.
Man, we didn't know how good we had it.
Tesla has spoken, there is no model 3 "highland".
The Toyota story being released in India makes it QUAD fluff.
✌️😎✌️
How do you not talk about the image of the new model Y on the way to fremont today
Link?
Probably just an unfinished Model Y. Anything super secret, Tesla can transport in an enclosed trailer.
The cost of repairs are a major problem for the average American with EV vehicles. You get in an normal fender bender and bam your paying 30,000 for a battery...lol
When I see Toyota's "10 minute charge" claim for a car that's only 2-3 years away (allegedly), something I always think about is the charging infrastructure.
10 minute charging a Model 3 or Y sized cars requires at least a half a megawatt (500kW) charging infrastructure. Toyota better get going on that NOW, or that charging capability won't be very useful for real consumers.
Rental cars are the worlds fastest cars.
Elon Time and now Toyota Time 😮
11:36 LIES😭
Would hertz but me evs though?
Three times I tried to rent a Tesla from Hertz and they did not have one available. I'm not buying the demand story. Companies that aren't good at managing their business have a hard time admitting it.
If Toyota will have legit batteries in 2 years... why is Tesla not having them today? That's my question.
What Hertz isn't saying is their Uber Lease Program is causing them problems. Uber drivers log high miles + are always rushing from one passenger to another + Tesla's are the fastest fleet vehicles zero to 60 = higher accident rates. 2) Also, unless Hertz self insures, Hertz carries auto & passenger insurance so are their premiums rising? This is unclear. 3) Finally, Tesla has won the price wars since it scaled first, and has helped to slow, if not stop, the US competition in it's tracks. This is a solid long term play for Tesla and when all OEM's are forced to resume production and raise prices, Tesla will continue to have the lowest production costs and continue to grow into new vehicle segments.
A little color on the Hertz EV situation: put simply, the ability to have adequate dedicated fast charging stations installed in planned locations across fleet concentration zones, ie airport hubs, was overly optimistic and has left the company well short of the needed infrastructure currently, and in the near term. 100,000 EVs cannot be supported, not close.
Hope the Saudis continue to reward Rawlinson's success.
a LOT of biz people don‘t care environment - they act ‚stupid‘ to make a little cash - ealier; disregard the future 😢
EV market is going to explode. Every brand quietly prepared for the future. Some brands might be ahead but that advantage will mean nothing. Honda 0 series being presented yesterday really casts a light on what's coming.
6:40: actually the main reason for their having high rates of accidents is because of the fact that the Uber drivers who are utilizing these vehicles are driving them for thousands of miles per month. Realistically if you look at what they're selling a 2022 model 3, versus an Audi A4 or an Infiniti Q50 which also for about the same thing new. The Infiniti in the Audi both have a lot less miles per year. As an example they're selling a 2022 Tesla Model 3 with 60000 mi on it for about 23,000. For about the same price you could get a 2021 Audi A4 or 2020 Infiniti Q50.... All basically at around the same price and with around the same mileage. Considering that depreciation is tied more to mileage than it is to the actual year, they're not really selling it for too much of a discount versus gas powered cars.
I think the biggest problem with hurts is the fact that they were arresting so many people and their customer service is absolutely horrible. As an example, I rented a Polestar 2, and after renting it for 6 months straight because I was a few days late, they literally came to my house and repoed the car without so much as a phone call. When I called they told me that I was 2 weeks late and even after I sent them proof that they were mistaken, they refused to rectify the situation or even take me off The blacklist, so I'm no longer allowed to rent a car from them. Keep in mind they've had hundreds of people arrested because they themselves made these types of mistakes.
So far they've had to pay out hundreds of millions of dollars in Lawsuits.
If it wasn't for the lawsuits they would have actually had 25% margins.... Better than Avis
All they have to do is not sell them and then they won’t realize a depreciation at all. Sheesh. Just keep racking up the miles so they keep those maintenance savings coming in. Sounds like Hertz is allergic to saving $.
One enecdotal evidence in favor of customer education advertising. Over one holiday party I explained regen breaking to some friends and they were shocked that there is such a thing in Tesla. They are all highly educated tech employees. That was the moment I was sure that Tesla needs to advertise its innovations. Word of mouth is good but it's inefficient and only goes so far. And puts a lot of burden on us tesla fans 😂
Toyota and solid state batteries again? Every few months there's a new "updste" from them on that...for the last 15 years. What an "interesting" company culture.
I rented a Model Y to do a multi state road trip to and from, and it was awesome. Made me set my goal to pick up Y instead of a 3, but I also have a Cybertruck reservation, so still not sure.
Common sense says ev no good for rental , but to own it’s better , hasn’t anyone got any giga bites in their brain 🧠
Hertz is smart. People do not want BEV while on vacation nor on a short term rentals. They sit at rental lots because few want them. Too long to charge and people in rentals are inpatient.
Very disappointed with Hertz!!! Short sighted
Tesla will start to go down because lot of used Tesla with high depreciation prices will be on market too
War is never a good thing. If Reuter news is true, then the guy who waged the war has caused a supply chain disruption around that region……directly or indirectly. In this case, indirectly…
Looks like Tesla is heading below 200$ again.
It seems like yoo toob don’t like the term “ S c u m 3 d1a “. Wonder if the algorithm will take this one out? 🤔
That sounds like bull shit. What Tesla supply goes through the the red sea?
Anything from China.
The biggest problem with EVs are similar to the problem with a lot of cars today in that they are too complicated. They have too many screens, too many symbols & too many lights flashing that are extremely distracting & most people don't know what half of these things mean especially seniors. This is the problem with kids brought up playing video games making cars, the screens look like Casino machines with all these bells & whistles that most don't understand. Rather than having flashing red lights telling you something is wrong with the car & it takes forever to figure it out, why can't you just have "close passenger door" on one of those many screens. They make it too fancy, too flashy & too distracting & it's dangerous because we are constatly fumbling through screens to find something that used to be simple. It's a huge problem in the auto industry today, too much complication with cars & too much flash & not enough substance & easy to find solutions.
Why is Elon or Tesla not fighting the FUD from Hertz about EV's being more expensive to maintain? As an owner who hasn't had to have any maintenance for years, that is soo ridiculous.. Advertising could help here too surely - but no - down goes the stock...
Elon too busy fighting immigrants off at the border to care about Tesla any more...
True, Teslas are less expensive to *maintain* -- no oil changes! -- but could be more costly to *repair* . As Rob pointed out, drivers who rent tend to be less familiar with EVs or less careful because it's not their car. As a business, rental cars just get into more accidents.
@@ytechnology With all the safety features hard to imagine how Tesla's are getting into so many accidents..
I think Hertz said that while maintenace costs were lower with Telsas, the repair costs were much higher. - I took that to me body work etc. Maybe I'm wrong.
Marques Brownlee just bought a Porsche 911 and is selling his Plaid Model S. I think BEVs may be losing their novelty and sense of specialness among average car buyers and performance car enthusiasts. BEVs seem to now be evaluated by average car buyers on practicalities like range, cost, ride comfort, charging availability, durability and convenience of use in comparison to ICE cars. They also seem to be evaluated by performance enthusiasts on more subjective metrics like aesthetics, handling, road feel, engagement, and engine/motor sound (yes some folks actually like those growls, whines, purrs and roars). Basically, it seems like people are looking at electric cars as just cars. This will likely continue as Tesla goes mainstream with their cheaper next generation platform vehicles. It’s all fine by me as I also see electric cars mostly as just cars. BEVs do win out in the metrics that matter to me, including safety, reliability, durability, convenience of use, overall cost, driver assistance features, and environmental impacts. I also think Tesla will become a global automotive industry juggernaut within the next few years.
Marques bought a status symbol he will drive for 3 months - when his spine says, “Frunk this.” Porsches are too small for anyone over 5’ 8” and Marques is taller. A local car nut boasted he had driven his 911 7,000 km. IN 5 YEARS!
Cars are just cars, no matter how they’re powered. And I bet Marques doesn’t keep that Porsche long enough to have to stump up for a service…..😂
@@devonbikefilms Rich people don't plan to keep their new flashy toy long, they prefer the excitement of owning something new and flashy to get attention.
As a shareholder with a small fortune in tsla and a model y owner. I will be voting to oust the man child from CEO of Tesla. He has become toxic and his actions are inconsistent with Tesla's mission statement. JB for CEO. Get lost musk!
As a shareholder with a small fortune in tsla and a model y owner. I will be voting to oust the man child from CEO of Tesla. He has become toxic and his actions are inconsistent with Tesla's mission statement. JB for CEO. Get lost musk!
Lucid?? More like "Lushit"! What a absolute disgrace of a company!
Rented teslas use superchargers much more which destroys the battery prematurely, they’re smart to sell them off now before they get expensive battery failures
Wtf Tesla Berlin got with red sea !?to whom they export it to Asia from Berlin!?bullshit excuses for drop of sale/demand
Hertz is smart bad service high maintenance cost depreciation is ridiculous waste of money tesla is slowly crashing
Don’t think Dojo will be successful. By the time it’s ready, Nvidia will probably have something better. Their architecture might be better suited for NN but they r still missing something. Waymo will also have their cars covering 80-90% of the road well before Tesla. FSD12 will be very similar to FSD11. U will see a lot more ppl leave the team when they realize it’s not going anywhere.
Buying on futures is never a good idea. Who knows when the dream/presentation becomes a reality. FSD still isn't FSD 4 years after it was promised. Roboteslas? Right? Dojo? Roadsteer 2?
Giga Berlin is a joke.
It's still better than Giga Mexico which doesn't exist.
When the own ceo doesnt know the insider name for a new car that has been used for months, ufffff
At least he is posting about migrants 20 times a day