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Musk is lightyears away from a self-driving car (archive.ph)

submitted 4 months ago by sexy_peach to c/technology

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[–] scrubbles@poptalk.scrubbles.tech 40 points 4 months ago (8 children)

so much money pumped into a pipe dream, when tech just isn't there yet. It doesn't matter how many AI models and image recognition systems you use, sometimes you just can't plan for every case. Driving is an incredibly complex task, that to us humans makes sense and we can easily adjust to. Snow covering the lanes? Slow down, take it extremely cautiously, and find out where the road is.

But we know what it really is all about - selling more cars. Even if the tech isn't there the illusion that it's just a few years away keeps people buying it. Modern AI is only fueling that techbro BS that it's almost here.

When really, trains. Trains are relatively (to cars) easy to automate and make run safely, can move way more people. I'm still extremely salty that Musk tried to derail California HSR with his stupid Boring company just to sell more Teslas.

[–] Thevenin 13 points 4 months ago (1 children)

But we know what it really is all about - selling more cars.

It isn't even about selling more cars at this point, it's about selling securities. Their market cap dwarfs their total sales. Their P/E ratio is 67.67x, meaning they could sell cars for 67 years and still not make as much money as their stocks are worth today.

The real product is the rising stock price. The factories are just a front.

[–] scrubbles@poptalk.scrubbles.tech 8 points 4 months ago

Very true. Cars are a secondary venture, the stock is the true product.

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