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> And they didn't have sugar daddy (Google) willing to burn several billions a year for many years. Tesla's market cap is $1.3 trillion. Granted the company it
by gcanyon 8mo ago
> And they didn't have sugar daddy (Google) willing to burn several billions a year for many years.
Tesla's market cap is $1.3 trillion. Granted the company itself doesn't have access to all of that, but surely if they wanted to spend, say, $10 billion per year on something big like FSD, they could have.
> didn't have the luxury of adding $50k to the cost of the car for the hardware
A little more extreme, but: Tesla has sold something like 8.5 million cars total. If they simply dumped an extra $50K of material into every single one of those cars without raising the price a dime, that would be only $425 billion. That's a ridiculous sum of money, but still <checks notes> substantially less than $1.3 trillion.
- dmoy 8mo agoI'm not a fan of Tesla's approach to self driving, but > If they simply dumped an extra $50K of material into every single one of those cars without raising the price a dime, that would be only $425 billion. That's a ridiculous sum of money, but still <checks notes> substantially less than [their market cap of] $1.3 trillion. That is an apples to dishwasher comparison. Money is fungible only when it's the same kind of money on both sides. You can't compare market cap like that. (Even for a company whose market cap is seemingly divorced from reality like Tesla's)
- testing22321 8mo agoIf they had done so, their financials wouldn’t have attracted investors and they wouldn’t be worth near 1.3T
- raw_anon_1111 8mo agoYou can’t trade market cap for goods and services. Tesla is not exactly rolling in cash these days.
- kiba 8mo agoThey squandered their lead with the CEO's focus elsewhere.
- bradleyjg 8mo agoYou can. It’s called a secondary offering. The SEC has a whole process.
- raw_anon_1111 8mo agoYou can sell more stock to raise money regardless of market cap.
- fooker 8mo agoThey'd need one more thing, a time machine. TSLA market cap was about 50B for the first several years of their FSD effort. I think they'd choose lidar if they started now.
- golem14 8mo agoIf you ordered 8M LIDARs, the unit price would quickly plummet. Thankfully, this is already happening thanks to Chinese efforts in that space.
- nasreddin 8mo agoThis is probably the most "techbro understanding of finance" moment if there ever was one. Laughable stuff.
- digitalPhonix 8mo ago$50k? The sensor kit on the Waymo’s ipace is north of $300k. (Which completely inverts that calculation)
- AlotOfReading 8mo agoYou're years out of date on that number. I doubt it's been true this decade. Reasonable current estimates are under a few tens of thousand at most.
- digitalPhonix 8mo agoNo, I know how much each honeycomb costs (BOM cost, that is); pretty confident on the radars; and I can guess at the cameras and compute.
- AlotOfReading 8mo agoThen they're way behind others in the industry, and I'm not sure I believe that given the people I know there.
- digitalPhonix 8mo agoThen you should be asking them instead of arguing with random internet people
- ddalex 8mo agoIt's between 7k (chinese) and 17k (european) now.
- surajrmal 8mo agoYou are either intentionally lying or very confident about facts you don't know. Could you please source your numbers?
- digitalPhonix 8mo ago