Actually I would love an autonomous car/robotaxi. My uncle has a driver in Shanghai and it’s quite awesome. I live in SF and I don’t even bother to own a car anymore because of all the issues here. Would love it if a cheaper Uber became the norm. Don’t care for Tesla/Elon or who brings this idea to market though.
The takeaway of this video is to invest in companies which actually solve a real world problem people actually NEED, not just want and are able to afford it.
The biggest issue is that throughout his life the people around him have not let him know that these things are a problem. Many of the people around him have encouraged him because they figured by riding his coattails they could enrich themselves. Much to the detriment of the innocent and the gullible who follow him because they are duped and believe that he actually means well.
I really appreciate you reminding some of the people in the Western world that the Western American lifestyle is not the be all end all of human existence and there are actually better ways to live and commute.
Never got the hype about FSD and Robotaxis. If I don't want to driver, there's alternatives as Public transportation, as a Taxi and Uber. Way cheaper than buying and keeping a car that looks an iPad on wheels.
@@realchris I think the reason some of these people jump to call you and others dumb isn't just that their worldview is being challenged it is also that the solutions and advice being given sounds too simple. It is so true that sometimes it's simplest answer is the right answer. The thing is a lot of these people are looking for some sort of complex convoluted mind-blowing head hurting rhetoric and advice so that they think the person dispensing it must know what they're talking about because the knowledge subs like it is way above their heads. There are so many things in life that the solutions are straightforward and simple and sometimes it's our own human nature of wanting to complicate things unnecessarily that ends up making life harder for ourselves and those around us.
Recently, a consumer credit card monitoring company (I can’t remember the specifics) monitored Tesla owners who paid for FSD after their free one month trial and the take rate was 2%. People can critique the sample size (3,500) and Musk assured everyone that it was higher than 2%, but I think it’s pretty obvious Tesla has done no feasibility study for FSD, and they’re solving a problem that the market has no interest in solving. I personally love physically driving my car!
Uber used to take 20% (company wasn’t profitable) now 50-75% depending on city (Uber P/E ratio nearly 100 now). Robotaxi can work but it isn’t going to be the huge revenue or profit generator Tesla bulls expect (hopium?). Tesla is still level 2. 2023: Uber revenues $22.4 billion, operation profit -149 million. This is with them getting 50%-75% of the fare.
@@a_kumetsu7619 Uber uses the bottom dollar labor and it's a trash company. I haven't used them in over five years. I use taxis because I don't want to get raped or murdered. Soon Uber will have no profits thanks to horrible business practices. Uber is a mess pool of criminals and scammers. Anyone who uses the app deserves the crime likely to be committed against them. Same goes for Air BnB. Scam company based on dangerous practices. If you like Uber go invest your life savings in their stock.
Just another in a long line of financial misconceptions Elon has thrown Tesla into. He also thinks that the more cars you build, the cheaper they get to make, even if you are doing it by running 4 factories at less than 3/4 their design capacity. He thought that people would pay a 1000% premium to get his solar panels, just because they look like singles. He thought China's demand was infinite and that he'd be able to supply the rest of the world from there, tariff free, because he's a special boy. He thought that building a factory in Germany would convince the German market that Tesla is a domestic automaker. The list goes on.
It cuts down interaction with sometimes scary cab drivers. I had one who drove me in a wrong direction for like 15 minutes (I wasn't local) and he like "oh, my mistake, I had a brain injury in a crash..." and he proceeded to show scars.... and before 3 out of 10 drives that I have usually reckless drivers that hustle for survival..... But this function from car companies is way infant in its stage. I'd rather take a bus or a train.
World wide adoption of Tesla's FSD would solve my problem of being underwater in my oversized exposure in Tesla (85,% of my portfolio). I got an average price $380 per share so robotaxi will save lives, my own 🤣
My man pulled the A full self-driving wasn't around there would be more deaths And more people will die full self-driving isn't fully realized This was in q1 I think
I spent a week without my Tesla and drove a brand new gas car. I didn't enjoy any minute of it. Getting back to my Tesla has been a joy. I absolutely enjoyed the 105,000 miles I've put on the car. Which brings me to my point. I have FSD, it works so much better than before, but I can't think of a situation where I want to use it. I enjoy driving my car so much that I don't want FSD driving for me. Plus, while it is better, it is not ready for robotaxis.
So I actually prefer electric vehicles because of reduced noise. But so far my favorite is the polestar and I'm certain all the other brands will eventually get there. With that said, I never miss having to pay insurance or trying to find parking downtown or having to clean the dang thing all the time or worry about people scratching it, haha.
You're both not wrong. I think I'm in the middle in the sense that, I agree that public transportation needs to be greatly improved. Ever since moving to Australia, I greatly missed Singapore where public transportation is top-notch. In Australia, I experienced more train disruptions, and depending on where you want to go, driving is often the fastest way. That said, I hate that I have to pay car insurance, and if you desire a better car, the cost can get prohibitive. However, I enjoy driving and I love doing long road trips. There is something about being alone in your own car and having your own personal space that really appeals to me. In the end, I don't think it has to be a neither-nor. Yes, public transport is important and it should be the go-to way for most commute within the city. A robo-taxi or a ride-hailing service could cover the last mile problem. And cars could be the solution for leisure, long inter-state travels.
Driving is fun and when I need a car I rent one. Or for some people you could store it in your garage and use it for pleasure. However as stated in the video work from home is a real thing. Or find ways to walk / bike to work.
The advantage for me in being able to summon a RoboTaxi is would it be cheaper than having a car? My car needs gas, insurance, regular maintenance and periodic repairs. If it didn’t cost to much I wouldn’t mind getting rid of my car and using a RoboTaxi. However to your point when I lived in San Diego they had a very efficient bus system which got me around fairly well and was cheap. I have also been to London which has a nice subway and bus system. Elon Musk and his fans seem to see Robotaxis as a way to get rich so I have to wonder if they will be more expensive than a train or bus system which may mean people won’t use them as much.
The bull case for Tesla Robotaxis is to replace privately owned cars with them, not doing only the Uber business. Private cars are standing >90% of the time on the garage. The usage is very low for such an expensive product. if it did not stand in the garage it fills up public parking spots and fills the cities with cars standing around. Robotaxis are coming to you if you need them and driving to a central parking and charging/maintenance location afterwards. The usage is much higher than with private cars. So there are fewer of them as a result. The biggest cost factor for taxi is the driver. You don’t have that with a robotaxi. It could be also an alternative to public transportation in areas outside of big cities.
If it's a tech company, their stock doesn't look as bad under the hood, because then you're comparing things like the P/E ratio to other tech companies. If you compare Tesla to Apple, the P/E is still higher than you want to see, but there's not nearly as big of a difference as if you were comparing it to, say, Toyota.
I’m actually a big fan of Tesla the company and the cars. And is because of the cars that I am a fan! Elon, not so much a fan of him. He’s in my opinion destroying the thing I’m a fan of. And it’s definitely a car company! With 97% of revenue coming from cars it’s a car company😆 It’s like saying Apple is a food and beverage company because it sells food in their cafeteria🤣
For an introvert like myself who basically trust no one, I would rather take a robotaxi ride than the current Taxi, Uber, Lyft etc.. No mind-numbing banal chit-chat, no driver BO smell, no risk of catching the drivers cold/flu/COVID, no risk of getting into a car with a possibly dangerous sociopath. Given the choice, I would actually pay the extra money for a Robotaxi.
Chicago is a great American city we have some of the same things you all have there apparently. Super walkable and honestly more cities need to move towards that. Tesla doesn’t want any of those things to happen. If they were smart that’s what they would start pivoting the company to.
You’re absolutely right! It doesn’t salve any problems and FSD will be free. All tech in the car industry is copyed by the competition. And the competition are already offering their version of FSD for free. FSD is a must to sell the cars in 3-5 years and not a commodity that you can sell.
Better public transit and city planning would benefit the world way more than robotaxis. Not only would it make things more convenient, walkable cities would reduce obesity and improve public health, and even combustion engine buses and trains are more environmentally friendly than electric cars since they transport a lot more people. But there isn't as much profit in it and it would require large scale civic projects a lot of corporations are against.
The cheaper aspect is not a good comparison imo. Public transit and EVs receive huge grants and tax cuts. It comes out of pocket at the end of the day, via taxes or via buying a car. The difference is that I dont have an EV or use public transport but I have to pay for it. Cars are also expensive because of taxes. Everything government does is out of your pocket minus a lot of money lost to burocracy. Bikes dont get you anywhere at a reasonable ammount of time here in the Netherlands.
I agree with you (for different reasons) but you said fight you on it, so I will because I enjoy a good argument. What problem do robotaxis solve? They solve the issue of time lost during a commute. Lost time focused on driving can be repurposed for work or leisure. It's an improvement on an existing technology. You suggested Apple solved a problem by inventing mobile phones. They were already in existence. Apple improved upon an existing technology. You also say "there is another lifestyle" referring to mass transit and people should ask, "Why isn't he pushing for that?" Well, there are two easy answers. One, the person in question lived in Los Angeles and people in the state are aware of the challenges working with government bureaucracy and regulations. See the California High Speed Rail cost overruns and construction delays. Two, America is unique in that the people enjoy far more space on average than other countries. This means it's far less centralized. In many places if you had good mass transit a car would still be more convenient. We often overemphasize cities like New York, LA, SF, and assume everywhere in the US has their same density which is untrue. And even in korea the buses can be exhausting to ride during rush hour, so even though it's better for the environment it's not necessarily more convenient for the passengers. Anyway, I still agree with you overall. Enjoy the video and you speaking up. I'd be curious to hear your response.
Investing into robotaxi is investing into vaporware. Elon's insistance on using only cameras is the biggest hinderance to their developement. Biggest reason Tesla's (Assisted)FSD is only level 2.
Hey Chris love your content. Remember these robotaxis have to be parked somewhere they have to be recharged they have to be cleaned on a daily basis. That's going to cost a lot of money and manpower. So remember robotaxis do need human intervention to work on a regular basis. Please take a moment and think about the logistics of this Chris and if you would include that in the part of another video that'd be great. 9:49
Thanks for the walkabout. Pretty cool looking area. We are definitely car centric where I live. It's the distances, the reasons, and destinations. In the city I live in you need a car to get around if you don't want to take all day. We have a decent light rail, heavy rail, and bus system, but it doesn't go everywhere. We usually drive to a station to access the light and heavy rail because interconnecting bus service in some places is almost impossible. Most places we want to go have no mass transit at all. Here we travel a fair distance to get places we want to go. I feel that electric cars are a solution looking for a problem that's not natural to the market. Our governments are working very hard to fight the market demands of their people. Robotaxis are also a solution looking for a problem that doesn't exist in the market. They are a cool idea, but there is no specific need for them for the general public. They are actually just another ride-hailing service. A successful company will find something their customers need or want, and sell it at a reasonable price. Tesla is really just a car company no matter how much Musk tries to re-brand it. The EV demand is just about filled judging from the numbers. It will be interesting how Tesla fares in the Q2 earnings call. None of his companies appear to be actually making money. Lots of smoke and mirrors in their accounting.
I remember when I was there, I was using something. It must have been a card them. We had to go to these really hold machines that were slow and had super long lines, haha. We were there a few years ago. ua-cam.com/video/TSvs0ocScY0/v-deo.html
Not a choice. Apple has sold 230 million watches, not even their primary or market entry product. Tesla has sold 5 million cars. Apple is sitting on more cash than Tesla is worth. Check out what they did to the Waymo in Chinatown during Chinese new year. People basically hate the driverless taxis.
The most affordable transportation option, car or public transit, depends heavily on the area's weather, density, and infrastructure. My experiences living in various places around the world illustrate this point: Densely Populated Areas: In metropolitan Japan, public transit was efficient, convenient, and affordable due to the economy of scale - transporting many people at once is more cost-effective. Rural Areas: Conversely, while living in rural Japan, public transportation options like buses and trains were infrequent, making car ownership more practical. Los Angeles exemplifies a sprawling city where public transportation is often inefficient due to its design. Owning a car is generally more beneficial in such cases. Completely revamping the city's infrastructure to support a robust public transportation system would be a massive undertaking with significant political hurdles. Overall, the choice between car and public transit depends on a variety of factors specific to each location.
I would buy a Tesla EV bicycle (if they make one). 🙂 I am based in Singapore, cars are very expensive because the government discourages cars & encourages mass/public transport. The cheapest 60 kWh(A) Tesla Model 3 costs US$148,000 here and the 78 kWh(A) Tesla Model 3 costs US$168,000; The new 1.8 (A) Toyota Prius Hybrid costs US$143,000. 🤯
You were one of the first to realize Elon is a fraud. main question for robotaxi is who is exposed to litigation aka lawsuits ? Tesla or the car owner?
@@realchris At some point he's going to pull out of Tesla completely and then blame all the engineers for not listening to him as for the reasons why FSD and everything else in the company failed.
Elon is merely a symptom if a much bigger problem in certain societies that actually give platforms and investment funds to people like himself who have no interest in the damage they leave in their wake.
We were there recently and the gate system and ticket machines felt very dated. Plus many of the cars and stations were also quite old and dirty. I did get the token thing wrong though. I remembered the token thing wrong though.
The problem robotaxis would solve is picking up an old or disabled person who can’t drive from their house in the suburbs and take them to the grocery store or pharmacy.
Actually when Hyundai did their robotaxi commercial it promoted as being useful to a vision impaired family member. It was a very well made commercial. It would certainly work for elderly too. Not really mass market but yes I agree that is a good use of the tech
@@realchris It wouldn't solve a problem here. We already have a service called ParaTranspo that handles disabled and elderly. It's equipped to move people in wheelchairs too. It's a door-to-door service.
I live in the Netherlands, am 57 and never had a driver's license. I hope the subsidies that now go to EV's, will go to public transport soon. Basically people with a small budget and people without a car are subsidising people with a big enough budget now. In my country, people with a small budget buy second (third) hand cars, they can't afford a new EV, even if it's subsidised.
FYI: AAPL might have at least short term crisis due to the Snapdragon X Elite laptops launch. TSLA is grossly overvalued at the moment. Most of my current and former employers are in 90% remote working mode. I have been working significantly (>25%) remote whole this millennium and last few years over 80% remote. In the biggest cities also public traffic is well organized, sub $600/year. Almost everybody, at least in the biggest cities, has a fibre connection at home.
This is the thing that I've been saying from the onset. The Robo Taxi doesn't solve a problem, it is merely an alternative to a solution that already exists; Taxis and rideshare. Whether we like it or not, "Car culture" is a thing. We love our cars. They're a status symbol and they project an image that we want to project. But most importantly, they're autonomy. If we have a car or a motorcycle parked in the driveway, we can go anywhere at any time without planning. Robo taxi won't change that. If we do use a Robo Taxi, it will be the same as we use taxis or rideshare, now. We'll catch them to the airport. We'll catch them home from the pub after one too many beers. But tomorrow morning, we'll drive our car to work. We'll sit in traffic, listening to drive time radio like we always do. We'll do the same on the way home. We'll drive down to the grocery shop, we'll take the kids to their sport/music activities in the car, and we'll pick them up again, in the car. That's not going to change. And for those that do the daily grind on public transport, unless Robo Taxi is cheaper than a train or tram fare, they're still going to use public transport. Cyclists will still cycle. Motor Cyclists will still take their motor bikes. Robo Taxis wont change cultures. They just won't. A horse was a luxury, once upon a time. Only the uber wealthy and traders had carriages. The rest of us walked. For many of us, the car and the motorcycle changed that. And we've loved that ever since, without even realising it. Those changes were a solution to a problem. The Robo Taxi cannot and will not be a solution to a problem because that problem doesn't exist. And if we're worried about congestion, the answer is public transport and improvements in town planning.
It's laughable for you to question if there is a market for robotaxis or not. Regular taxis obviously already exist and people pay money for them. Just look at the market cap of uber, where most of the money goes to the drivers. Instead of a taxi driver making let's say 40k a year, that 40k per year will go straight to Tesla's profits (not to mention the taxis operating more hours). The robotaxi will also be cheaper to manufacture because of removed components, and will provide a better experience that's safer than a human driver.
You're completely missing the point. Cars are an expensive liability for most people. It makes no financial sense to own something that sits idle for the majority of the time. You're still paying and losing money. Do the math. I'd much rather call a robotaxi when I need it. You are also way under estimating the cost over time. The cost per mile will plummet. Revisit in a decade and we'll see who is correct.
Personally fsd would be nice for me right now. I am a 15 minute drive to downtown calgary plus 10$ parking, 50 minute transit ride with a 3.70 one way fare or a 18$ ride hale. If I could order a tesla to take me for close to transit cost.... thats an easy decision.
@@cheynebest7028 Basic math? 15 minute drive + 50 minute transit? I assumed you were driving to the train station? Are you saying that there's a bus that takes 50 minutes to do a 15 minute drive? In any case, why would a "robotaxi" be any cheaper than a ride hale?
The idea of fsd in general is making a vehicle that would normally only have an hour or two of use in a day would be pushed to all hours minus the hour or so of charging required. 80% charge in 15 minutes will work just fine in this system. We own vehicles because of convenience and costs. If it's as convenient to hale a tesla and costs less than maintaining, insuring, fueling and storing your own vehicle I think that will appeal to alot of people. I imagine the cost could easily be half of the uber or lift fare.
@@criticalevent no those are the 3 options... drive/transit/uber. Good ol calgary transit. I swear it was much better 20 years ago before they sank so much more money into it
solid video i get your side but id also say as time goes on the more stupid the problems will be to solve because theirs already been so many problems that have been solved already were just improving solutions at this point and is that such a bad thing
i like these videos i know your older than me and this isn't a jab at your age but when you were a kid the problems your generation were trying to solve probably sounded stupid to your parents and probably still does but all I can say is an investment that changes the world is one thing an investment that makes you money is another please anyone out here have a diversified portfolio and invest in companies that are well run and take care of their customers
i lost all respect for sandy when he said that "elon the greatest guy in human history". he was supposed to be impartial for the industry, how is that impartial....
You're wrong about the green credentials of EVs charged from "dirty" electricity. They're more efficient, only needing about one-third of the energy of an equivalent ICE vehicle. On top of that, industrial power plants are far more efficient than ICE engines. Grid electricity is getting cleaner over time, but even now, an EV running on the average US grid mix produces less than half the greenhouse emissions of an equivalent ICE. That's cradle to grave. It factors in all mining and manufacturing emissions as well as running and end of life disposal emissions. These facts were established in 2015 and updated every couple of years since, by the union of concerned scientists.
I find not only your content fascinating, but *you* are also so interesting. I enjoy learning about you and your life each time you release a video. We are the same age, but I never left the Pacific Northwest. I’m just too darn happy here. 😊
PNW is cool!!! Miss the ferries rides around Seattle it’s always fun. Or heading out to the Oregon coast. Really pretty drives and you have skiing in the mountains. I don’t miss the rain though.
Enron Musk needs to come up with an affordable self-flying flying car. That would be revolutionary. Then people wouldn't have to live in crappy cities at all.
I’m surprised he hasn’t been pitching flying cars. If theoretically it ever worked I would totally agree revolutionary. Teleportation would be cool too
@@realchris back in the real world flying cars are a non-starter for the mass market for all sorts of reasons if you reflect on it momentarily. I thought the Boring Company plus Hyperloop was pretending to be a substitute for teleportation but somehow Enron Musk couldn't make that one fly. But surely he could get some mileage out of flying taxis which he will need to get to his intercontinental Starship sea launched rockets.
📌 Basically every Tesla fanboy has Tesla car and basically only they are excited about the Tesla robotaxis. Question(s): Will they give up their cars and use robotaxis only? If not why not?
I totally believe you but when you phrase it as "I grew up in USA" ...well no one who grew up in THE US says it like that. We either refer to it as "America" or simply "The US". Natives don't put them together. It's either or. 😉
the problem it solves is paying workers... there wages will flow into elons and investors pockets... the problem teslabot solves...is paying workers.... there wages will flow into elons and investors pocket. You said you were trying to teach investing? clearly you are not waelthy, you dont have the right mindset... you dont even ask the right questions. the correct question is what company takes the most stored energy from the most ammount people.
There is no problem to solve. You in fact are instrumental in creating one. Taking away jobs and handing the income over to an automated assembly line of a large corporation to profit from.
🏠 Start Investing! www.chrisnorlund.com/invest
Actually I would love an autonomous car/robotaxi. My uncle has a driver in Shanghai and it’s quite awesome. I live in SF and I don’t even bother to own a car anymore because of all the issues here. Would love it if a cheaper Uber became the norm. Don’t care for Tesla/Elon or who brings this idea to market though.
The takeaway of this video is to invest in companies which actually solve a real world problem people actually NEED, not just want and are able to afford it.
Chris flexing he's 49. You look great for you age. Congratulations.
Live healthy and stay young :)
Ya, if I hadn't already done the math on the Vietnam airlift I would think mid to late 30s.
And you can read details about my history in my book www.amazon.com/dp/B0CFHFJP25 So you don't have to do the math :)
The ONLY problems that musk wants to solve is his greed and ego problems…
The biggest issue is that throughout his life the people around him have not let him know that these things are a problem.
Many of the people around him have encouraged him because they figured by riding his coattails they could enrich themselves.
Much to the detriment of the innocent and the gullible who follow him because they are duped and believe that he actually means well.
Problem is getting worse with time
He needs to do Yoga
I really appreciate you reminding some of the people in the Western world that the Western American lifestyle is not the be all end all of human existence and there are actually better ways to live and commute.
Never got the hype about FSD and Robotaxis. If I don't want to driver, there's alternatives as Public transportation, as a Taxi and Uber. Way cheaper than buying and keeping a car that looks an iPad on wheels.
okay but you don't understand, self driving cars are cheaper (it took over 10 billion dollars in research and development so far)
The big question is how he expects to make a net profit from it!? I’ve done my math and I just can’t se how they will make a net profit from it.
10:40 finally got to hear your catch phrase 😂. “Oh Chris you’re sooo duuumb…”
People always like to say that, hahahahaha. I see it everyday, it's funny.
@@realchris
I think the reason some of these people jump to call you and others dumb isn't just that their worldview is being challenged it is also that the solutions and advice being given sounds too simple.
It is so true that sometimes it's simplest answer is the right answer.
The thing is a lot of these people are looking for some sort of complex convoluted mind-blowing head hurting rhetoric and advice so that they think the person dispensing it must know what they're talking about because the knowledge subs like it is way above their heads.
There are so many things in life that the solutions are straightforward and simple and sometimes it's our own human nature of wanting to complicate things unnecessarily that ends up making life harder for ourselves and those around us.
You can see our life in Korea :) ua-cam.com/video/DfDnC9LlUY8/v-deo.html
Totally love it! Chris is so dumb and he saved my portfolio!
Recently, a consumer credit card monitoring company (I can’t remember the specifics) monitored Tesla owners who paid for FSD after their free one month trial and the take rate was 2%. People can critique the sample size (3,500) and Musk assured everyone that it was higher than 2%, but I think it’s pretty obvious Tesla has done no feasibility study for FSD, and they’re solving a problem that the market has no interest in solving. I personally love physically driving my car!
Uber used to take 20% (company wasn’t profitable) now 50-75% depending on city (Uber P/E ratio nearly 100 now).
Robotaxi can work but it isn’t going to be the huge revenue or profit generator Tesla bulls expect (hopium?). Tesla is still level 2.
2023: Uber revenues $22.4 billion, operation profit -149 million. This is with them getting 50%-75% of the fare.
Lots of illegal immigrants drive fro Uber. They rent accounts from people. It's a trash company.
@@SebastianKrabsWhat that has to do with the profitability of Uber?
@@a_kumetsu7619 Uber uses the bottom dollar labor and it's a trash company. I haven't used them in over five years. I use taxis because I don't want to get raped or murdered. Soon Uber will have no profits thanks to horrible business practices. Uber is a mess pool of criminals and scammers. Anyone who uses the app deserves the crime likely to be committed against them. Same goes for Air BnB. Scam company based on dangerous practices. If you like Uber go invest your life savings in their stock.
Just another in a long line of financial misconceptions Elon has thrown Tesla into. He also thinks that the more cars you build, the cheaper they get to make, even if you are doing it by running 4 factories at less than 3/4 their design capacity. He thought that people would pay a 1000% premium to get his solar panels, just because they look like singles. He thought China's demand was infinite and that he'd be able to supply the rest of the world from there, tariff free, because he's a special boy. He thought that building a factory in Germany would convince the German market that Tesla is a domestic automaker. The list goes on.
@@SebastianKrabs Would it have been less of a trash company if their robotaxis worked?
It cuts down interaction with sometimes scary cab drivers. I had one who drove me in a wrong direction for like 15 minutes (I wasn't local) and he like "oh, my mistake, I had a brain injury in a crash..." and he proceeded to show scars.... and before 3 out of 10 drives that I have usually reckless drivers that hustle for survival..... But this function from car companies is way infant in its stage. I'd rather take a bus or a train.
Cars are stupid, but not as stupid as Elon
World wide adoption of Tesla's FSD would solve my problem of being underwater in my oversized exposure in Tesla (85,% of my portfolio). I got an average price $380 per share so robotaxi will save lives, my own 🤣
You can sell now or sell for $50 down the road. Pick your poison.
I tried to make the most insane scenario imaginable, but to my surprise it actually exists.
That's just crazy. 😂
My man pulled the
A full self-driving wasn't around there would be more deaths
And more people will die full self-driving isn't fully realized
This was in q1 I think
@@phdonme1 - F.S.D. is not FULL Self Driving but Full Self Dying. lol
I spent a week without my Tesla and drove a brand new gas car. I didn't enjoy any minute of it. Getting back to my Tesla has been a joy. I absolutely enjoyed the 105,000 miles I've put on the car. Which brings me to my point. I have FSD, it works so much better than before, but I can't think of a situation where I want to use it. I enjoy driving my car so much that I don't want FSD driving for me. Plus, while it is better, it is not ready for robotaxis.
So I actually prefer electric vehicles because of reduced noise. But so far my favorite is the polestar and I'm certain all the other brands will eventually get there. With that said, I never miss having to pay insurance or trying to find parking downtown or having to clean the dang thing all the time or worry about people scratching it, haha.
You're both not wrong. I think I'm in the middle in the sense that, I agree that public transportation needs to be greatly improved. Ever since moving to Australia, I greatly missed Singapore where public transportation is top-notch. In Australia, I experienced more train disruptions, and depending on where you want to go, driving is often the fastest way. That said, I hate that I have to pay car insurance, and if you desire a better car, the cost can get prohibitive. However, I enjoy driving and I love doing long road trips. There is something about being alone in your own car and having your own personal space that really appeals to me.
In the end, I don't think it has to be a neither-nor. Yes, public transport is important and it should be the go-to way for most commute within the city. A robo-taxi or a ride-hailing service could cover the last mile problem. And cars could be the solution for leisure, long inter-state travels.
Driving is fun and when I need a car I rent one. Or for some people you could store it in your garage and use it for pleasure. However as stated in the video work from home is a real thing. Or find ways to walk / bike to work.
Good, more Corvette for me. 😎👍
So what's your take on Josh Brown?
He wrapped FSD harder than anybody
@Chris Norlund
What camera do you use for the blog? It has a good image stabilisation.
This is the equipment I use www.amazon.com/shop/chrisnorlund/list/1N0EVEXU8LAY5?ref_=cm_sw_r_cp_ud_aipsflist_aipsfchrisnorlund_P7BZK6C64P35KDK2SDXR_1
The advantage for me in being able to summon a RoboTaxi is would it be cheaper than having a car? My car needs gas, insurance, regular maintenance and periodic repairs. If it didn’t cost to much I wouldn’t mind getting rid of my car and using a RoboTaxi. However to your point when I lived in San Diego they had a very efficient bus system which got me around fairly well and was cheap. I have also been to London which has a nice subway and bus system. Elon Musk and his fans seem to see Robotaxis as a way to get rich so I have to wonder if they will be more expensive than a train or bus system which may mean people won’t use them as much.
These people are under the mistaken impression that the most expensive part of an Uber trip is the human driver.
The bull case for Tesla Robotaxis is to replace privately owned cars with them, not doing only the Uber business. Private cars are standing >90% of the time on the garage. The usage is very low for such an expensive product. if it did not stand in the garage it fills up public parking spots and fills the cities with cars standing around.
Robotaxis are coming to you if you need them and driving to a central parking and charging/maintenance location afterwards. The usage is much higher than with private cars. So there are fewer of them as a result. The biggest cost factor for taxi is the driver. You don’t have that with a robotaxi. It could be also an alternative to public transportation in areas outside of big cities.
Lots of people don't own a car and Uber everywhere, the company is still losing money.
Tesla fan boys get upset if you call tesla a car company. 😂
How dare you 🤣
They make chargers also, that break.
@@JAMESWUERTELETo be fair, they have a relatively high uptime.
If it's a tech company, their stock doesn't look as bad under the hood, because then you're comparing things like the P/E ratio to other tech companies. If you compare Tesla to Apple, the P/E is still higher than you want to see, but there's not nearly as big of a difference as if you were comparing it to, say, Toyota.
I’m actually a big fan of Tesla the company and the cars. And is because of the cars that I am a fan!
Elon, not so much a fan of him. He’s in my opinion destroying the thing I’m a fan of.
And it’s definitely a car company! With 97% of revenue coming from cars it’s a car company😆 It’s like saying Apple is a food and beverage company because it sells food in their cafeteria🤣
For an introvert like myself who basically trust no one, I would rather take a robotaxi ride than the current Taxi, Uber, Lyft etc.. No mind-numbing banal chit-chat, no driver BO smell, no risk of catching the drivers cold/flu/COVID, no risk of getting into a car with a possibly dangerous sociopath. Given the choice, I would actually pay the extra money for a Robotaxi.
Robo taxis and individual cars will NEVER solve traffic problems.
A robust public transport system will.
Chicago is a great American city we have some of the same things you all have there apparently. Super walkable and honestly more cities need to move towards that. Tesla doesn’t want any of those things to happen. If they were smart that’s what they would start pivoting the company to.
You’re absolutely right! It doesn’t salve any problems and FSD will be free. All tech in the car industry is copyed by the competition. And the competition are already offering their version of FSD for free. FSD is a must to sell the cars in 3-5 years and not a commodity that you can sell.
Better public transit and city planning would benefit the world way more than robotaxis. Not only would it make things more convenient, walkable cities would reduce obesity and improve public health, and even combustion engine buses and trains are more environmentally friendly than electric cars since they transport a lot more people.
But there isn't as much profit in it and it would require large scale civic projects a lot of corporations are against.
The cheaper aspect is not a good comparison imo. Public transit and EVs receive huge grants and tax cuts. It comes out of pocket at the end of the day, via taxes or via buying a car. The difference is that I dont have an EV or use public transport but I have to pay for it. Cars are also expensive because of taxes. Everything government does is out of your pocket minus a lot of money lost to burocracy. Bikes dont get you anywhere at a reasonable ammount of time here in the Netherlands.
Electric bikes are making US cities more pedestrian accessible.
Thanks for the walk, nice view.
Glad you enjoyed it
I agree with you (for different reasons) but you said fight you on it, so I will because I enjoy a good argument.
What problem do robotaxis solve? They solve the issue of time lost during a commute. Lost time focused on driving can be repurposed for work or leisure. It's an improvement on an existing technology. You suggested Apple solved a problem by inventing mobile phones. They were already in existence. Apple improved upon an existing technology.
You also say "there is another lifestyle" referring to mass transit and people should ask, "Why isn't he pushing for that?" Well, there are two easy answers. One, the person in question lived in Los Angeles and people in the state are aware of the challenges working with government bureaucracy and regulations. See the California High Speed Rail cost overruns and construction delays. Two, America is unique in that the people enjoy far more space on average than other countries. This means it's far less centralized. In many places if you had good mass transit a car would still be more convenient. We often overemphasize cities like New York, LA, SF, and assume everywhere in the US has their same density which is untrue. And even in korea the buses can be exhausting to ride during rush hour, so even though it's better for the environment it's not necessarily more convenient for the passengers.
Anyway, I still agree with you overall. Enjoy the video and you speaking up. I'd be curious to hear your response.
Investing into robotaxi is investing into vaporware.
Elon's insistance on using only cameras is the biggest hinderance to their developement. Biggest reason Tesla's (Assisted)FSD is only level 2.
Hey Chris love your content. Remember these robotaxis have to be parked somewhere they have to be recharged they have to be cleaned on a daily basis. That's going to cost a lot of money and manpower. So remember robotaxis do need human intervention to work on a regular basis. Please take a moment and think about the logistics of this Chris and if you would include that in the part of another video that'd be great. 9:49
Stay tuned and enjoy this in the meantime Tesla $300 Passive Income Robotaxi Business
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Thanks for the walkabout. Pretty cool looking area. We are definitely car centric where I live. It's the distances, the reasons, and destinations. In the city I live in you need a car to get around if you don't want to take all day. We have a decent light rail, heavy rail, and bus system, but it doesn't go everywhere. We usually drive to a station to access the light and heavy rail because interconnecting bus service in some places is almost impossible. Most places we want to go have no mass transit at all. Here we travel a fair distance to get places we want to go. I feel that electric cars are a solution looking for a problem that's not natural to the market. Our governments are working very hard to fight the market demands of their people. Robotaxis are also a solution looking for a problem that doesn't exist in the market. They are a cool idea, but there is no specific need for them for the general public. They are actually just another ride-hailing service. A successful company will find something their customers need or want, and sell it at a reasonable price. Tesla is really just a car company no matter how much Musk tries to re-brand it. The EV demand is just about filled judging from the numbers. It will be interesting how Tesla fares in the Q2 earnings call. None of his companies appear to be actually making money. Lots of smoke and mirrors in their accounting.
NYC MTA phased out tokens in 2003. We use Metro Cards or credit cards
I remember when I was there, I was using something. It must have been a card them. We had to go to these really hold machines that were slow and had super long lines, haha. We were there a few years ago. ua-cam.com/video/TSvs0ocScY0/v-deo.html
In NY you can just tap your credit card now, it's called Omny pay, just tap any credit card that has a chip
Not a choice. Apple has sold 230 million watches, not even their primary or market entry product. Tesla has sold 5 million cars. Apple is sitting on more cash than Tesla is worth. Check out what they did to the Waymo in Chinatown during Chinese new year. People basically hate the driverless taxis.
The most affordable transportation option, car or public transit, depends heavily on the area's weather, density, and infrastructure.
My experiences living in various places around the world illustrate this point:
Densely Populated Areas: In metropolitan Japan, public transit was efficient, convenient, and affordable due to the economy of scale - transporting many people at once is more cost-effective.
Rural Areas: Conversely, while living in rural Japan, public transportation options like buses and trains were infrequent, making car ownership more practical.
Los Angeles exemplifies a sprawling city where public transportation is often inefficient due to its design. Owning a car is generally more beneficial in such cases. Completely revamping the city's infrastructure to support a robust public transportation system would be a massive undertaking with significant political hurdles.
Overall, the choice between car and public transit depends on a variety of factors specific to each location.
NYC metro hasn’t used tokens in forever, installed tap to pay a few years ago.
I remember I had to go to a machine to buy something. It must have just been a ticket. We were there a few years ago.
lol you weren’t sure if you remembered the 101 freeway name correctly but you prefixed it with “the” which is such a Los Angeles thing.
I would buy a Tesla EV bicycle (if they make one). 🙂
I am based in Singapore, cars are very expensive because the government discourages cars & encourages mass/public transport. The cheapest 60 kWh(A) Tesla Model 3 costs US$148,000 here and the 78 kWh(A) Tesla Model 3 costs US$168,000; The new 1.8 (A) Toyota Prius Hybrid costs US$143,000. 🤯
You were one of the first to realize Elon is a fraud. main question for robotaxi is who is exposed to litigation aka lawsuits ? Tesla or the car owner?
The big thing is I don't see Elon as God, I know he is a person. The average fan boy and girl don't question their God however.
If Tesla wants to claim full self driving then they should accept full liability.
Tesla have already settled lawsuits involving FSD.
@@realchris
At some point he's going to pull out of Tesla completely and then blame all the engineers for not listening to him as for the reasons why FSD and everything else in the company failed.
Elon is merely a symptom if a much bigger problem in certain societies that actually give platforms and investment funds to people like himself who have no interest in the damage they leave in their wake.
Very inteligent talk with very good points 👍
The payment system in NY subway is the same. Tap your phone or any credit or debit card. It also accepts regular subway card too.😅
We were there recently and the gate system and ticket machines felt very dated. Plus many of the cars and stations were also quite old and dirty. I did get the token thing wrong though. I remembered the token thing wrong though.
The problem robotaxis would solve is picking up an old or disabled person who can’t drive from their house in the suburbs and take them to the grocery store or pharmacy.
Actually when Hyundai did their robotaxi commercial it promoted as being useful to a vision impaired family member. It was a very well made commercial. It would certainly work for elderly too. Not really mass market but yes I agree that is a good use of the tech
@@realchris It wouldn't solve a problem here. We already have a service called ParaTranspo that handles disabled and elderly. It's equipped to move people in wheelchairs too. It's a door-to-door service.
Right wheelchair stuff you really do need a driver.
Robotaxi helps taxi drivers to retire earlier.
I live in the Netherlands, am 57 and never had a driver's license. I hope the subsidies that now go to EV's, will go to public transport soon. Basically people with a small budget and people without a car are subsidising people with a big enough budget now. In my country, people with a small budget buy second (third) hand cars, they can't afford a new EV, even if it's subsidised.
Tesla is not a “company” it is a vessel for the future
Lmao
FYI: AAPL might have at least short term crisis due to the Snapdragon X Elite laptops launch.
TSLA is grossly overvalued at the moment.
Most of my current and former employers are in 90% remote working mode. I have been working significantly (>25%) remote whole this millennium and last few years over 80% remote. In the biggest cities also public traffic is well organized, sub $600/year. Almost everybody, at least in the biggest cities, has a fibre connection at home.
This is the thing that I've been saying from the onset. The Robo Taxi doesn't solve a problem, it is merely an alternative to a solution that already exists; Taxis and rideshare.
Whether we like it or not, "Car culture" is a thing. We love our cars. They're a status symbol and they project an image that we want to project. But most importantly, they're autonomy.
If we have a car or a motorcycle parked in the driveway, we can go anywhere at any time without planning.
Robo taxi won't change that. If we do use a Robo Taxi, it will be the same as we use taxis or rideshare, now. We'll catch them to the airport. We'll catch them home from the pub after one too many beers. But tomorrow morning, we'll drive our car to work. We'll sit in traffic, listening to drive time radio like we always do. We'll do the same on the way home. We'll drive down to the grocery shop, we'll take the kids to their sport/music activities in the car, and we'll pick them up again, in the car. That's not going to change.
And for those that do the daily grind on public transport, unless Robo Taxi is cheaper than a train or tram fare, they're still going to use public transport. Cyclists will still cycle. Motor Cyclists will still take their motor bikes.
Robo Taxis wont change cultures. They just won't. A horse was a luxury, once upon a time. Only the uber wealthy and traders had carriages. The rest of us walked. For many of us, the car and the motorcycle changed that. And we've loved that ever since, without even realising it. Those changes were a solution to a problem. The Robo Taxi cannot and will not be a solution to a problem because that problem doesn't exist. And if we're worried about congestion, the answer is public transport and improvements in town planning.
FSD is actually pretty good level 2,, unfortunately level 2 isn't level 4
It's laughable for you to question if there is a market for robotaxis or not. Regular taxis obviously already exist and people pay money for them. Just look at the market cap of uber, where most of the money goes to the drivers. Instead of a taxi driver making let's say 40k a year, that 40k per year will go straight to Tesla's profits (not to mention the taxis operating more hours).
The robotaxi will also be cheaper to manufacture because of removed components, and will provide a better experience that's safer than a human driver.
Stay tuned :)
You're completely missing the point. Cars are an expensive liability for most people. It makes no financial sense to own something that sits idle for the majority of the time. You're still paying and losing money. Do the math. I'd much rather call a robotaxi when I need it. You are also way under estimating the cost over time. The cost per mile will plummet. Revisit in a decade and we'll see who is correct.
Personally fsd would be nice for me right now. I am a 15 minute drive to downtown calgary plus 10$ parking, 50 minute transit ride with a 3.70 one way fare or a 18$ ride hale. If I could order a tesla to take me for close to transit cost.... thats an easy decision.
So a 65 minute cab ride for $3.70?
@@criticalevent where did you pull 65 minutes from? If that's your commute you should rethink your life choices
@@cheynebest7028 Basic math? 15 minute drive + 50 minute transit? I assumed you were driving to the train station? Are you saying that there's a bus that takes 50 minutes to do a 15 minute drive? In any case, why would a "robotaxi" be any cheaper than a ride hale?
The idea of fsd in general is making a vehicle that would normally only have an hour or two of use in a day would be pushed to all hours minus the hour or so of charging required. 80% charge in 15 minutes will work just fine in this system. We own vehicles because of convenience and costs. If it's as convenient to hale a tesla and costs less than maintaining, insuring, fueling and storing your own vehicle I think that will appeal to alot of people. I imagine the cost could easily be half of the uber or lift fare.
@@criticalevent no those are the 3 options... drive/transit/uber. Good ol calgary transit. I swear it was much better 20 years ago before they sank so much more money into it
solid video i get your side but id also say as time goes on the more stupid the problems will be to solve because theirs already been so many problems that have been solved already were just improving solutions at this point and is that such a bad thing
i like these videos i know your older than me and this isn't a jab at your age but when you were a kid the problems your generation were trying to solve probably sounded stupid to your parents and probably still does but all I can say is an investment that changes the world is one thing an investment that makes you money is another please anyone out here have a diversified portfolio and invest in companies that are well run and take care of their customers
You should read my book, you'll like it www.amazon.com/dp/B0CFHFJP25
How long have you been in MYC? Everything is now digital; Metro cards. Not all NYC subways are dirty.
I got the coin thing wrong it’s cards now :) but it’s definitely run down. I lived in New York back in late 90s and in 2020 and visited again in 2022
I also worked in New York in 2000s :)
This was really fun NYC Central Park Citi Bike and Walk
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This video is about BUSINESS not EMOTIONS!
Awesome. Please make more outdoor videos. :)
Should have stuck to trains. Mag lifts, not hyper loops, like the trains proven in Japan. And put that Boring Company to work.
i lost all respect for sandy when he said that "elon the greatest guy in human history". he was supposed to be impartial for the industry, how is that impartial....
Don’t remember if you saw my joke on it Sandy Munro Live Loves Tesla Layoffs
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You're wrong about the green credentials of EVs charged from "dirty" electricity.
They're more efficient, only needing about one-third of the energy of an equivalent ICE vehicle. On top of that, industrial power plants are far more efficient than ICE engines.
Grid electricity is getting cleaner over time, but even now, an EV running on the average US grid mix produces less than half the greenhouse emissions of an equivalent ICE.
That's cradle to grave. It factors in all mining and manufacturing emissions as well as running and end of life disposal emissions.
These facts were established in 2015 and updated every couple of years since, by the union of concerned scientists.
I find not only your content fascinating, but *you* are also so interesting. I enjoy learning about you and your life each time you release a video.
We are the same age, but I never left the Pacific Northwest. I’m just too darn happy here. 😊
PNW is cool!!! Miss the ferries rides around Seattle it’s always fun. Or heading out to the Oregon coast. Really pretty drives and you have skiing in the mountains. I don’t miss the rain though.
You might enjoy our other channel Wedding Anniversary Dinner and Drone Show in Busan Korea
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We have electric buses where I live. Free. iPhone travels with me. 👍
Enron Musk needs to come up with an affordable self-flying flying car. That would be revolutionary. Then people wouldn't have to live in crappy cities at all.
I’m surprised he hasn’t been pitching flying cars. If theoretically it ever worked I would totally agree revolutionary. Teleportation would be cool too
@@realchris back in the real world flying cars are a non-starter for the mass market for all sorts of reasons if you reflect on it momentarily. I thought the Boring Company plus Hyperloop was pretending to be a substitute for teleportation but somehow Enron Musk couldn't make that one fly. But surely he could get some mileage out of flying taxis which he will need to get to his intercontinental Starship sea launched rockets.
I listen to his q1 2024 and it's embarrassing
Elons problem is that he’s a billionaire living I delulu land and have no idea how people in Europe and Asia live there lives.
Who would be liable for insurance ? Its Tesla software/hardware. Never going to happen
1day maybe 100yrs
Elon will advertise Robo taxi as necessary because humans make mistakes and robo taxi will lead to less accidents and will save lives on the road.
😂😂
@@carlocroma1093wait and watch his dumb ads
the problem it soves is paying drivers...
@@TheKaarnageShow it's all about money
📌 Basically every Tesla fanboy has Tesla car and basically only they are excited about the Tesla robotaxis.
Question(s): Will they give up their cars and use robotaxis only?
If not why not?
Enron Musk for Emperor!
I totally believe you but when you phrase it as "I grew up in USA" ...well no one who grew up in THE US says it like that. We either refer to it as "America" or simply "The US". Natives don't put them together. It's either or. 😉
If you love your car would you allow it to go off on its own and hire itself out to random passengers. Like these walking videos
the problem it solves is paying workers... there wages will flow into elons and investors pockets... the problem teslabot solves...is paying workers.... there wages will flow into elons and investors pocket. You said you were trying to teach investing? clearly you are not waelthy, you dont have the right mindset... you dont even ask the right questions. the correct question is what company takes the most stored energy from the most ammount people.
There is no problem to solve. You in fact are instrumental in creating one. Taking away jobs and handing the income over to an automated assembly line of a large corporation to profit from.
Tyrone old to understand tsla
that city looks nice