True, but it is not only the data. Even if it was why aren't the big 3 doing this already? Tesla is a technology company more-so than a car company. They employ the engineers focusing on machine learning and gathering the right data to support that. This would be a brand new area for Ford, Chevy, etc... I'm guessing. Not that they couldn't ramp up, but I don't think it would be as easy as you seem to suggest.
Walmart had the funds to overcome and mimic what Amazon was doing early on as well and they didn't. Why not? Some companies are set in their ways and have trouble seeing the future...or at least be willing to sacrifice short term revenue goals for long term gain (often times big profitable companies act this way).
TBH, I own a Tesla. I agree they are likely not the leader in the best technology for driverless cars, they are definitely the leader in affordable driverless cars. The interesting thing is autopilot gets better and better on streets you drive over and over again. Tesla's have ruined my experience for driving any other car. I'm sure someone else will make some great electric cars in the future as well, but right now there is nothing that compares to it overall.
Edit: To add one other point on my initial paragraph (and coincides with my last). Tesla not only gathers the data but has the autopilot features to be able to test changes to the algorithms in place and improve them over time. Even if the big 3 started collecting this data they are far behind in the ability to even simulate much less enable it for real feedback on the roads.
"True, but it is not only the data. Even if it was why aren't the big 3 doing this already? Tesla is a technology company more-so than a car company. They employ the engineers focusing on machine learning and gathering the right data to support that. This would be a brand new area for Ford, Chevy, etc... I'm guessing. Not that they couldn't ramp up, but I don't think it would be as easy as you seem to suggest."
They are. GM is investing billions into self-driving cars and electric vehicles. Every other major car manufacturer has similar initiatives.
If you're wondering why they don't gather teh big datas like Tesla, perhaps it's worth considering that the benefit of this is more of an internet meme than an actual, useful idea. Pretty much everyone serious in the field is using LIDAR, not trying to make up for it with petabytes of bad bumper video.
I don't think the automakers are set in their ways. Chevy acquired Cruise for a billion dollars. Waymo has partnered with Fiat Chrysler. Ford's committed $4 billion over the next few years.
Maybe Tesla's ahead of some of them. (I'm not sure they're ahead of Waymo.) But they've still not learned how to make an affordable car at scale. They're having a hard time getting to a $35k car, and estimates put the lowest Model 3 at $41k to produce. Average American car price, including trucks, is below $34k, and those are being sold at a profit.
And again, all of this is not to say that Tesla won't succeed. They probably will. What they've done is impressive. I just think there's a very good chance that they're on a long, difficult, slow ramp up to being a major car company, in which case their current share price will have been a bad investment.
Edit: also, I left out another huge risk factor: Their CEO. They have a visionary leader who is clearly overextended and shows signs of fraying to the point where he's possibly breaking laws over Twitter.
Walmart had the funds to overcome and mimic what Amazon was doing early on as well and they didn't. Why not? Some companies are set in their ways and have trouble seeing the future...or at least be willing to sacrifice short term revenue goals for long term gain (often times big profitable companies act this way).
TBH, I own a Tesla. I agree they are likely not the leader in the best technology for driverless cars, they are definitely the leader in affordable driverless cars. The interesting thing is autopilot gets better and better on streets you drive over and over again. Tesla's have ruined my experience for driving any other car. I'm sure someone else will make some great electric cars in the future as well, but right now there is nothing that compares to it overall.
Edit: To add one other point on my initial paragraph (and coincides with my last). Tesla not only gathers the data but has the autopilot features to be able to test changes to the algorithms in place and improve them over time. Even if the big 3 started collecting this data they are far behind in the ability to even simulate much less enable it for real feedback on the roads.