Musk Boasts 'Superhuman Driving' With Tesla's AI: Envisions Expanding Fleet To 10M Cars Soon
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk envisions the company having roughly ten million cars on the road in a few years, up from the current four million. The company's AI system is trained on videos of driving, and Musk believes this gives Tesla a significant advantage. He also noted that achieving 'superhuman' driving with AI requires billions of dollars per year of training computing and data storage, along with a vast number of driven miles. Tesla is targeting 1.8 million vehicle deliveries this year, up from 1.3 million in 2022.
August 28, 2023 | 6:03 am
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Tesla's plans to triple its fleet to 10 million cars and its focus on AI for 'superhuman' driving could potentially boost its stock. However, the high costs associated with AI training and data storage could also impact profitability.
The news of Tesla's ambitious plans to triple its fleet and its focus on AI for 'superhuman' driving could be seen as a positive by investors, potentially leading to a rise in the stock price. However, the high costs associated with AI training and data storage could also impact profitability, which could have a negative effect on the stock price. The net effect is likely to be positive, but the magnitude of the impact will depend on how these factors are weighed by the market.
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IMPORTANCE 80
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