Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figure in 3 month, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement
@@rajeshupadhyay5683 lookup Priscilla Dearmin-Turner, this is her name online, she's now the real investment prodigy since the crash and have help me recovered my loses
A news host spoke so highly of this💕 woman Priscilla Dearmin-Turner and her loss prevention strategies been trying to get to her ever since didn’t know she was so accessible
I used to live midway along the 128 stretch between Cloverdale and the coast and FSD circa mid-2021 would try to kill you dozens of times along the route, so an intervention-free drive is a *massive* accomplishment! Congratulations FSD team!
@Alex_ander 010 Because I have FSD, which was available when I bought the car in 2020. It has always been superb on the highway, but I use it pretty much anywhere I can enable it. The FSD *beta* (which I have had for only a few weeks) is next level.
@@mn1233 It paid for itself with the 3 cross-country trips I've taken with it so far. It's also been very useful in bumper-to-bumper traffic. I think the monthly subscription would be a good value for many who would only use it occasionally.
My Honda is pretty much FSD on highways so cross country would be an easy thing for it; I’m only required to jiggle the steering wheel to keep it going. It has a special cruise control for city driving so it can surely handle stop and go traffic although I work in the suburbs so anything more would definitely be a waste.
Thanks Dave & James. I always look forward to and love these interviews with James. I find that my thoughts on Tesla align with both of you in many ways. Also James's enthusiasm for technology and deep knowledge of this subject always impresses me.
Thank you guys for your input on FSD - it's invaluable as always! I consider myself a very determined person, but the amount of confidence boost I get in FSD after such interview really surprises me. Thank you 👍
@@Charieldeleon these guys are, I am sure, are not on the delusion that they can affect the market by their statements. Probably some of the least bs people on TH-cam for sure.
@@Charieldeleon we are long past the point of humans controlling the markets, the largest movers are a logarithmic or AI run. The humans may kick the ball initially but once it’s in the air, it’s pretty much out of control!
@@ericdelevinquiere9902 you make no sense my man humans still control the markets and will always control the markets come back to reality my friend. Stock market crashes are man made stock booms are man made. The more people that buy in the more your shares are worth the more people sell the less your shares are worth simple concept. I get it long intelligent words make you feel smarter than thou that’s fine it is what it is, but stock market hasn’t really changed it relies on the same principles.
@@jasonk125 He does come off a bit as wanting a particular answer. But there's no "there" to get to that is really that comparable. If the question is whether Tesla or Waymo/Cruise will get to L5 robotaxis, Waymo/Cruise already won by some definition. And with a massive effort maybe they could scale out to most major cities, but there are so many question marks: how much manual work is there in expanding to a new area? Of course the mapping process has to be highly automated, but I bet there is still a ton of manual work and QA done for each mile of road being mapped. Then what's the cost of keeping those maps updated at all times? Next problem is, can they reduce the cost and energy consumption of their hardware? The latter will be very important if they want to base it on an EV. And who's going to make their custom EVs really? It's going to take years to sort out a partnership. And if they're massively profitable would the partner accept that? Then there's the upfront cost of producing these taxis, they'd have to be pretty sure the economics work out before taking that on (or borrowing at today's higher interest rates). Due to the vertical integration and scale of EV production, large fleet and gradual upgrade of an ADAS system to L4 over many years, I predict Tesla will reap a vast majority of the profit from self-driving cars for many years to come.
@@martindbp Good points. Waymo/Cruise have the big issue of the upfront cost of their taxis + ongoing costs of maps etc. So they will have to charge a decent amount for rides to start making back that money. It could be years before they break even and then profit may not be massive for them. In the mean time, if Tesla solve consumer FSD, they could take market share of taxi rides in those cities as they would be able to charge less. Will be interesting to see how things go over next 5 years, I think we all want self driving cars to be a thing and if there are multiple options it will only be good for all of us. Competition always benefits the consumer.
@@jasonk125 XPeng, sure sounds impressive, but this is a company that has never turned a profit, makes less than 100k cars a year it seams. Seems to me they may not survive the coming crunch, so maybe putting expensive lidars in and selling for $25k is not the best idea. These lidars are also definitely not of the same quality and field of view as the kind that Waymo and Cruise has.
You two should have a FSD show together - James drives. Dave reports. Like FSDJ - Fun Stuff from Dave and James - FSDJ. Just thinking through a keyboard... No kidding - great show and I thank both of you for sharing - big WIN for everyone.
I had experienced so many similar feelings during my FSD testing as James mentioned in this video. I'm planning soon to have a road trip about it 190 mi (300km) purely on FSD no highways whatsoever. I am very excited about it and waiting for the results.
Tesla stock dipped severally, resulting to about 40% drop in the shares value so far. I seriously need suggestions on how to diversify my $200k portfolio made up of volatile TSLA. Great video Thanks for sharing.
You are right! I diversified my $550K portfolio across various market with the aid of an investment advisor, I have been able to generate a little bit above $1.4m in net profit across high dividend yield stocks, ETF and bonds during this red season.
The longer it takes Tesla to solve FSD, the more ahead their lead is. Sounds counterintuitive, but this is because it shows just how much more difficult the problem of AV is than any of us realize. At this point, I have 0 doubt Tesla will solve it first.
Having lived in Cupertino and having parents living on the southern Oregon coast I have made the trip that James described dozens of times and found it easy to follow his descriptions. The turns are tight and the trees are close to the road. As FSD gets better we might take the trip again just to marvel at how good it is and…sip a few wines
Just stumbled on to you recently, I must say I love the way you break things down. Been binge listening on Spotify your podcast backlog and thoroughly keeps me smiling while I work. 😄👍🏽
@@Jaesais NOPE. Companies are taking down earnings. That's not macro. It's less profit, and Elon Musk is well aware of the issue, and that is why he is laying off employees. And that is why he is risking price increases -- to protect profits. Companies are going to be taking down estimates. Analysts are going to be taking down estimates. You can call it what you want. Stock prices are going down DOWN DOWN!!!!
@@Jaesais so far this week (past 2 days) i've earned Total Gain $4,047.06 trading tesla. i think mostly on the long side. but that's over. now i'm making money on the short side. people are waking up to what elon musk has been saying: recession for 12 - 18 months. raw materials prices to go up 30%. reduce staff, try not to lose money.
Thanks again for having James Douma on. He is so refreshing and worthwhile to listen to. He makes me so very exciting to have TSLA stock going forward. I recently got approved for FSD beta and am looking forward to evaluating FSD in my 2022 MSLR.
Yeah, it has been too long since your last appearance. Come back soon, I can never get too much of your insight. Thanks for your sharing with the Tesla community.
It's great to hear the latest feedback about FSD progress from James. This is incredibly valuable - thanks Dave for sharing the content and for getting him back on the podcast regularly.
James: "people question stupid things"… "just pick up a cat". He's funny & adds huge value to conversation. "No board will make that decision". Consumer level FSD vs expensive Waymo for dedicated taxi fleet only. Plaintive lawyers (Dems) being obstacle to innovation via targeting the occasional error / not rewarding the many deaths avoided. That’s huge, some way explains Elon’s recent political moves. Huge thanks. PS. Please: James & Dave to chat with Elon. That’d blow minds. It worked for Everyday Astronaut.
I’m glad James Douma had a good experience with FSD. My recent 300 mile beta trip in Florida was rough. Better than it used to be and certainly improvements on the horizon.
Great Interview Dave, always makes me more confident in Tesla solving FSD after watching you and James. Even without FSD Tesla should reach 4-5 Trillion market cap. With FSD and robotaxis you can easily see 20-40 Trillion 😄
Thank you very much Dave and James!! Your insights and knowledge helps so much understanding Tesla and Elon. 😁 Love the series and looking forward for the next one! Enjoy your trip and time with your family. Greetings from 🇩🇪. George
Your conversations with James Douma are always worthwhile. I have high hopes for FSD as a Tesla owner and shareholder, but I fear it's a harder problem, and will take longer, than many expect. I drive between Boston and northern Vermont, 189 miles each way, almost every week. It's virtually all rural Interstate driving with relatively little traffic and in nearly ideal driving conditions. I tried using Autopilot during the first few weeks after I bought the car last year, but gave up on it. I just had to fight it too much (passing an 18-wheeler, for instance, where I'm trying to give it extra space by moving to the left edge of my lane, but AP insisting I stay much closer to the truck in the center of my lane, then shutting down due to my fighting it too often). I always use cruise control to avoid going too fast, but I find it very frequently does startling slowdowns for no reason. Last week it dramatically slowed from 75 - I looked at the screen and for some reason it thought the speed limit had dropped to 35 when it was actually 70. Fortunately there was no one behind me. (The speed limit was never 35 there, and I was nowhere near another road or exit. It clearly had the correct speed limit the prior dozens of times I drove that segment of Interstate highway, so I have no idea why Tesla thought it had changed.) Does anyone know how much of the tech for FSD is being incorporated in AP and cruise control? Maybe I'm being unfair when I take strange behavior like this as a sign that Tesla's software, and therefore FSD, has a long way to go.
10x is just from the car business over the next 5-10 years. FSD is 100x. The robot is 1000x. And general human level AI is 10000x or more. These are just order of magnitude estimates of course. But there's an issue which breaks the math. Once the humanoid robot gets really good, it will replace most human workers, not just blue collar. Then the cost of labor in general will converge to zero. And since our current concept of money is based on labor, that will disrupt the concept of money itself. How do you value a company if there's no money anymore?
I know the Anderson Valley and Hwy 128 intimately, having cycled it many times. That is one helluva windy road with high penalties for failure and great visual rewards.
ive discussed optimus with many people-- if the robot can simply walk around, and pick up dishes and load them into a dishwasher... its a billion dollar project. if it can pump gas... 10 billion dollar project. if it can fold laundry... 100 billion dollar project.
well, he said there are no robots out there to perform what seems easy to us, like opening a chip bag and picking one of them or grab a cat softly to your lap for a petting session
Regarding safety. Yesterday coming over a hill toward twilight there was a bicyclist riding at the edge of the road, against traffic, wearing black. My Model 3 saw him before I did and reasonably swerved over the yellow line to avoid him. The car saw there was no oncoming traffic so going over the yellow line was just right.
I cycle the roads of Cornwall (England), that has narrow roads, and tight bends. Every year, too many cyclists die here - drivers typically drive too fast, and don't pay enough attention. I can't wait for FSD to make roads safer.
The value proposition for FSD in the commercial trucking space would seem to be huge because the cost benefit of eliminating the driver is objectively determinable and competition will drive this cost benefit. Whereas in the private vehicle space the value proposition is more subjective and more subject to individual convenience/safety preference. For example, I am 80 y/o and really would appreciate having an FSD chauffeur relieve me of driving stress on a long trip as compared to when I was in my 20’s looked forward to the thrill of driving/control. For me those days are long gone…
Full stack big #11. What is needed to accomplish this? What does James think 11 is released? Given his current drive, it was cool to hear about the road curvature and surfaces as a technical calculation to be solved even more. How does the computer see (interpret) vs how we see vs what is displayed? I love the technical stuff as well as the big picture. I think everyone watching wants the big prize of self-driving cars to happen. What do you and James think about these version 10 updates? They look very sharp. Each incremental update seems to add more personality to the car. Watching Frenchie, Dirty Tesla, and Chuck Cook videos for the last two years has really helped me understand each incremental improvement. I'm very bullish on pure vision. James is right that Tesla's data they hold onto is the big story. We as consumers/drivers are just seeing the results of their hard work. Love your patience and thoughtfulness Dave and how you always let the guest be the star of the episode. Keep kicking butt. I understand Q2 had some issues, but currently FSD beta is looking better and better. So much to look forward to these next 6 months. Andrej will be coming back, #11 has to be getting close, eyes on the prizes; Tesla can whether any storm.
I know these end up quite long but I wish you wouldn't edit out any of what James says, id love to hear his full stream of consciousness as originally delivered.
If FSD is so great, why do you think the take rate on it is so low? BTW, I’ve had FSD on my M3 since March 2019 and FSD beta since day one. I would love it if I didn’t have to intervene as often as I do. The reality is city autonomous driving isn’t close.
When FSD is ready to generally release, its usefulness will be obvious. As smart as the TESLA sale and marketing is, will they reset the sale price of FSD to anticipate the new demand? If FSD is real later or sooner, why would you not want to lock in today's 'low' price? (Do you not want to take this risk?)
Great interview. If you could have James address how FSD will handle low visibility situations like fog that would be super helpful. That's the one point the Lidar advocates point to that limits full autonomy and I don't know what the FSD defense would be. I expect FSD will just default to very low speeds (like humans do) in those very rare cases. Thanks
One thing tesla could do better is add external audio sensors. They are using the internal microphone in the vehicle for detecting external sounds like emergency vehicles but then you get sound from the vehicle occupants. I think external audio pickups would help. Other than that the tesla approach of using a vision based system is the right one for sure.
I keep thinking you're going to run out of tings to talk about, and yet I'm hooked all over again, so thank you both. Bipedal is going to need sophisticated reactive ankle/calf tendons imho, try balancing without using them, even on two legs let alone one, or while carrying something. Anyway, this time, was with a flight of single malts while playing Rip The Cardboard with my collie cross. Lots of rewinding... A fun evening, a good chat. Goodnight until next time! Hoping that AI Day will again be one of the seminal events of the year, can't wait.
I think fine dexterity with fingers would be impressive.Walking has been done unless it were to traverse various different terains: water sand rocks ice etc.
Dave, Your program is very good, I come from mainland China, because my English is not good, I have to use a third party to translate the version every time I watch it, is it possible to add Chinese subtitles？I believe this will attract many Chinese fans, thank you!
If Im an MD of a big company with sales reps when does it become impossible for me to buy non Tesla fleet cars for my sales reps becuase the insurance value is too high.
Just a bit of a breather from Tesla. A suggestion would be to highlight Mark Cuban's pharma company charging astronomically lower prices for certain essential medicine. Not from a valuation standpoint, but in why this would be great for consumers, and for people in dire need for these medication
The financial markets seem to be suffering more than the real economy from the prospect of further Fed tightening, I seriously need suggestions on how to diversify my $500k portfolio made up of volatile TSLA.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the stocks you focus on.
@@wiebeplatt4749 Having a coach is key to portfolio diversification, My advisor is "Nicole Ann Sabin" You can easily look her up, she has years of financial market experience.
James Douma is wonderfully engaging on the topic of FSD. He really knows what’s up… I live in Mendocino. That highway, 128, …is not fun to drive. It is a pretty drive thru wine country…but the driver, of course, has to watch the road. It is tiring…So…I can’t wait to have my Model 3 and to turn it loose around here. Exciting, thrilling even, is the thought. I would have been quite exited to see James having lunch in our little town. “It still a bull case!” He says, even if somebody else catches up to TSLA’s software. “…for the foreseeable future.”
i use FSD in my model S about half the time and to me it seems like it’s near sighted. I is also uncomfortable as it often creeps to far into / close to the crossing road. It appears that there needs to front side cameras in forward of the front wheels. what do you think? what am i missing?
Even though I've purchased all of the Tesla equipment, except for a vehicle and the tequila, I'm holding off on buying a car until they've greatly improved FSD. Which probably means new camera, sensors, further forward on the cars and probably an improved computer too. As a shareholder I hope that Elon's proclamations about FSD don't come back to haunt Tesla and its shareholders in the form of massive lawsuits and that is a possibility..
I agree on the performance on curvy roads but the number of phantom breaking events on clear open interstate and two lane highways in actually dangerous. My model Y with FSD had so many extreme phantom breaking issues that I couldn't use FSD or even cruse much of the time on our trip to Denver from Rapid City and back over the past weekend. The breaking with absolutely no reason was abrupt and extreme at least two dozen times.
Most of the way through. This subject and you two are a fusion gift. Thanks on a Friday night. I've one question that maybe the last ten minutes approaches: when do you think actually driverless happens with FSD?
FSD tech will be usable in Tesla bot and any future moving autonomous thing. Tesla bot prototype today likely identify e.g. humans, dogs, vechicles and react to them correctly. With autolabling system etc, the Tesla bot understanding of the world will increase rapidly. So FSD worth is incredible, since it can be reused for other autonomous things.
I think the robot is part of master plan part 3. Tesla has hirering problems in low class jobs. So they use their employes with something like google glas or maybe even cameras in the factory and autopilot neural net to train the robots to replace factory workers. It would allow them to scale faster and drive down production cost over time.
Gentlemen I just wanted to let you know about something that I experienced in the railroad industry. BNSF Railway and all the other class one railroads in the United States were forced to develop positive train control. This was after the horrible accident in Chatsworth California in 2008! BNSF Railway worked with WABTECH, a division of Westinghouse Air Brake company a Berkshire Hathaway owned company I believe. The task was to develop a system called PTC, positive train control. When first introduced it was problematic and error prone.But they had a good support system for it, good feedback loops just like Tesla! They improved the product! Continuously. All of the other railroads realized that WABTECH and BNSF were way ahead of anyone else. Everyone else just decided rather than try to develop the software on their own, to no avail to wait. They waited until BNSF and the WABTECH system was perfected. Then they all bought a license to use the software. Thats exactly what happened to the positive train control system. It’s getting better and better every day. I think the same things going to happen with Tesla full self driving! Railroaders and the communities the trains run through are 100 times safer! Thank You both gentlemen! I love your show Dave, your positive and always informative!
OEMs are not even playing the same game. How could you expect them to? They’ve been bending metal for decades. Software and - gasp - autonomy is just completely outside of their field of experience. They’re utterly f***ed, and they don’t even know it yet.
Question for James: how close is the development of FSD to the ‘tipping point’ when the IE engine will be answering unique questions that arise by developing new logic that provides the solution??
Really like watching James Douma on the show. Keep up the great videos Dave!
Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figure in 3 month, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement
@@rajeshupadhyay5683
lookup Priscilla Dearmin-Turner, this is her name online, she's now the real investment prodigy since the crash and have help me recovered my loses
Investment now will be wise but the truth is investing on your own will be a high risk. I think it will be best to get an expert👌
Thank you, Going through her profile in her webpage, she smashed all her state certificate and accreditation🙏
A news host spoke so highly of this💕 woman Priscilla Dearmin-Turner and her loss prevention strategies been trying to get to her ever since didn’t know she was so accessible
I love the Douma-Lee collaboration
Jimmah rocks!
I used to live midway along the 128 stretch between Cloverdale and the coast and FSD circa mid-2021 would try to kill you dozens of times along the route, so an intervention-free drive is a *massive* accomplishment! Congratulations FSD team!
That must have been exciting !!
FSD definitely has its use cases but mine isn't one of them. I'd rather buy two+ cars than an overpriced FSD model.
@Alex_ander 010 Because I have FSD, which was available when I bought the car in 2020. It has always been superb on the highway, but I use it pretty much anywhere I can enable it. The FSD *beta* (which I have had for only a few weeks) is next level.
@@mn1233 It paid for itself with the 3 cross-country trips I've taken with it so far. It's also been very useful in bumper-to-bumper traffic. I think the monthly subscription would be a good value for many who would only use it occasionally.
My Honda is pretty much FSD on highways so cross country would be an easy thing for it; I’m only required to jiggle the steering wheel to keep it going.
It has a special cruise control for city driving so it can surely handle stop and go traffic although I work in the suburbs so anything more would definitely be a waste.
James’ enthusiasm is palpable 😎
"pick up a cat, that's a robot turing test" perfect James!
Love, love, love James’ enthusiasm. Especially coming from him. So bummed, not having FSD in the Netherlands.
Thanks Dave & James. I always look forward to and love these interviews with James. I find that my thoughts on Tesla align with both of you in many ways. Also James's enthusiasm for technology and deep knowledge of this subject always impresses me.
I'd love to see James debate the AI "experts", such as the ones that went on Emmet's show.
were they poo pooing Tesla's FSD?
James gets into way more depth. He seems to actually use the technology as opposed to the 2 guys on good soil, who clearly are just theorists
@@Sthielke James would likely not want to bother with them, a waste of his time
James is the kind wise guy spend no time arguing with idiots.
@@bluetoad2668 you’re probably right about that
Another incredible chat with James. Thanks to both of you for the outstanding information. James, congrats on your drive!
Uncle John in the cut.
It's been a while since we've heard some wisdom from you James great to have you back!!
I think James is my favorite Dave Lee guest - and that's a deep well of awesome people.
Thank you guys for your input on FSD - it's invaluable as always! I consider myself a very determined person, but the amount of confidence boost I get in FSD after such interview really surprises me. Thank you 👍
Refreshing to have someone that actually understands what’s going on going through the FSD experience.
Refreshing if it were true these two have so much money in tesla stock why on earth would they say anything bad about it?
@@Charieldeleon these guys are, I am sure, are not on the delusion that they can affect the market by their statements.
Probably some of the least bs people on TH-cam for sure.
@@ericdelevinquiere9902 everybody can affect the market especially TH-camrs, least bs you need to watch the tesla bot video lmao pure bs.
@@Charieldeleon we are long past the point of humans controlling the markets, the largest movers are a logarithmic or AI run. The humans may kick the ball initially but once it’s in the air, it’s pretty much out of control!
@@ericdelevinquiere9902 you make no sense my man humans still control the markets and will always control the markets come back to reality my friend. Stock market crashes are man made stock booms are man made. The more people that buy in the more your shares are worth the more people sell the less your shares are worth simple concept. I get it long intelligent words make you feel smarter than thou that’s fine it is what it is, but stock market hasn’t really changed it relies on the same principles.
James is right that we are lucky to have a situation where "one person" (Elon) was able to just make the decision to place that bet.
@@jasonk125 He does come off a bit as wanting a particular answer. But there's no "there" to get to that is really that comparable. If the question is whether Tesla or Waymo/Cruise will get to L5 robotaxis, Waymo/Cruise already won by some definition. And with a massive effort maybe they could scale out to most major cities, but there are so many question marks: how much manual work is there in expanding to a new area? Of course the mapping process has to be highly automated, but I bet there is still a ton of manual work and QA done for each mile of road being mapped. Then what's the cost of keeping those maps updated at all times? Next problem is, can they reduce the cost and energy consumption of their hardware? The latter will be very important if they want to base it on an EV. And who's going to make their custom EVs really? It's going to take years to sort out a partnership. And if they're massively profitable would the partner accept that? Then there's the upfront cost of producing these taxis, they'd have to be pretty sure the economics work out before taking that on (or borrowing at today's higher interest rates).
Due to the vertical integration and scale of EV production, large fleet and gradual upgrade of an ADAS system to L4 over many years, I predict Tesla will reap a vast majority of the profit from self-driving cars for many years to come.
@@martindbp Good points. Waymo/Cruise have the big issue of the upfront cost of their taxis + ongoing costs of maps etc. So they will have to charge a decent amount for rides to start making back that money. It could be years before they break even and then profit may not be massive for them. In the mean time, if Tesla solve consumer FSD, they could take market share of taxi rides in those cities as they would be able to charge less.
Will be interesting to see how things go over next 5 years, I think we all want self driving cars to be a thing and if there are multiple options it will only be good for all of us. Competition always benefits the consumer.
@@jasonk125 but Apple are way mo' profitable than Samsung.
As they say "Turnover is vanity, profit is sanity".
@@jasonk125 lighten up. James ageeed that Tesla is at least 5 years ahead of any of the competition.
@@jasonk125 XPeng, sure sounds impressive, but this is a company that has never turned a profit, makes less than 100k cars a year it seams. Seems to me they may not survive the coming crunch, so maybe putting expensive lidars in and selling for $25k is not the best idea. These lidars are also definitely not of the same quality and field of view as the kind that Waymo and Cruise has.
You two should have a FSD show together - James drives. Dave reports. Like FSDJ - Fun Stuff from Dave and James - FSDJ. Just thinking through a keyboard...
No kidding - great show and I thank both of you for sharing - big WIN for everyone.
I had experienced so many similar feelings during my FSD testing as James mentioned in this video.
I'm planning soon to have a road trip about it 190 mi (300km) purely on FSD no highways whatsoever. I am very excited about it and waiting for the results.
Tesla stock dipped severally, resulting to about 40% drop in the shares value so far. I seriously need suggestions on how to diversify my $200k portfolio made up of volatile TSLA.
Great video
Thanks for sharing.
Comes with the territory. Just live your life and stop checking prices! Nasdaq is down 25% from highs as well Tesla is holding up really well.
You are right! I diversified my $550K portfolio across various market with the aid of an investment advisor, I have been able to generate a little bit above $1.4m in net profit across high dividend yield stocks, ETF and bonds during this red season.
@@Gabrielle..
You can further reach out to him easily on telegam with the user name below for more information and guidance.
@@c.moeller thanks so much for this useful information. I just look up to him now I found him well proficient and accredited.
The longer it takes Tesla to solve FSD, the more ahead their lead is.
Sounds counterintuitive, but this is because it shows just how much more difficult the problem of AV is than any of us realize. At this point, I have 0 doubt Tesla will solve it first.
Yes 100%
I have 1% doubt. Always leave some wiggle room!
It sounds counterintuitive because it is.
@@jooptablet1727 that's reasonable 😀
@@ningen7736 would you care to elaborate?
So grateful to Dave and James for these sessions. Thank you so much!
Thanks Dave and James for another insightful video ❤️
Appreciate the interview and listening to James
I could listen to James talk about FSD/Bots for hours. Thanks for doing these.
Having lived in Cupertino and having parents living on the southern Oregon coast I have made the trip that James described dozens of times and found it easy to follow his descriptions. The turns are tight and the trees are close to the road. As FSD gets better we might take the trip again just to marvel at how good it is and…sip a few wines
Just stumbled on to you recently, I must say I love the way you break things down. Been binge listening on Spotify your podcast backlog and thoroughly keeps me smiling while I work. 😄👍🏽
Yes he breaks things down. As we watch the Tesla stock price break down!
@@hungryseal it’s just macroeconomic factors at the moment affecting stock price. Great dip buy opportunity imo
@@Jaesais NOPE. Companies are taking down earnings. That's not macro. It's less profit, and Elon Musk is well aware of the issue, and that is why he is laying off employees. And that is why he is risking price increases -- to protect profits. Companies are going to be taking down estimates. Analysts are going to be taking down estimates. You can call it what you want. Stock prices are going down DOWN DOWN!!!!
@@Jaesais Tesla is not a bargain at $700. But it may be fairly valued if they can sell about 4 million cars in 2023.
@@Jaesais so far this week (past 2 days) i've earned Total Gain $4,047.06 trading tesla. i think mostly on the long side. but that's over. now i'm making money on the short side. people are waking up to what elon musk has been saying: recession for 12 - 18 months. raw materials prices to go up 30%. reduce staff, try not to lose money.
Amazing interview. Thanks James and Dave!!
Thanks again for having James Douma on. He is so refreshing and worthwhile to listen to. He makes me so very exciting to have TSLA stock going forward. I recently got approved for FSD beta and am looking forward to evaluating FSD in my 2022 MSLR.
Yeah, it has been too long since your last appearance. Come back soon, I can never get too much of your insight. Thanks for your sharing with the Tesla community.
It's great to hear the latest feedback about FSD progress from James. This is incredibly valuable - thanks Dave for sharing the content and for getting him back on the podcast regularly.
Thanks James and Dave. It would be super interesting to see James’ financial model now that he mentioned it.
I love hearing your reasoned, mature conversations, very agreeable and insightful
wow last week I did the exact route from Bay Area to mendicino with full Fsd and felt the same way!
Must be so rewarding. I just hope I can experience it someday. Prob been a hell of a ride (ha) for some of the earliest adopters.
@@nickfosterxx it’s better than what or my wife could do that’s for sure. That’s actually what my wife told me as a passenger
James: "people question stupid things"… "just pick up a cat". He's funny & adds huge value to conversation.
"No board will make that decision". Consumer level FSD vs expensive Waymo for dedicated taxi fleet only.
Plaintive lawyers (Dems) being obstacle to innovation via targeting the occasional error / not rewarding the many deaths avoided. That’s huge, some way explains Elon’s recent political moves. Huge thanks.
PS. Please: James & Dave to chat with Elon. That’d blow minds. It worked for Everyday Astronaut.
How great to see another James and Dave video.. always love to see all their insight.
James, I think a discussion between you and Elon would be awesome!
This was a good one. i could listen to james talk about tesla bot for 5x as long
What a team. Dave and James.
Super nice human beings.
Greetings from the Czech Republic.
welcome back Dave!
Not gonna lie... when he said pick up a cat, I freaking lost it. LOL
If they're aware of it at all, I think a lot of people still think FSD is still decades off, or maybe never. I think this will come as a shock.
2007 iPhone it’s not a phone 🤦 now go to a carvan park and see old people they can’t get of the iPhone
Always enjoy it when JD is around!
Please do a real and deep comparison with Comma and Mobileye. That would be awesome
I’m glad James Douma had a good experience with FSD. My recent 300 mile beta trip in Florida was rough. Better than it used to be and certainly improvements on the horizon.
I drove from Muskoka to Toronto on fsd beta with no interventions. It even handled the two left turning lane at O'Connor off the DVP
Great Interview Dave, always makes me more confident in Tesla solving FSD after watching you and James. Even without FSD Tesla should reach 4-5 Trillion market cap. With FSD and robotaxis you can easily see 20-40 Trillion 😄
Thank you very much Dave and James!! Your insights and knowledge helps so much understanding Tesla and Elon. 😁 Love the series and looking forward for the next one! Enjoy your trip and time with your family. Greetings from 🇩🇪. George
Great interview with James as always, thanks!
Your conversations with James Douma are always worthwhile.
I have high hopes for FSD as a Tesla owner and shareholder, but I fear it's a harder problem, and will take longer, than many expect. I drive between Boston and northern Vermont, 189 miles each way, almost every week. It's virtually all rural Interstate driving with relatively little traffic and in nearly ideal driving conditions. I tried using Autopilot during the first few weeks after I bought the car last year, but gave up on it. I just had to fight it too much (passing an 18-wheeler, for instance, where I'm trying to give it extra space by moving to the left edge of my lane, but AP insisting I stay much closer to the truck in the center of my lane, then shutting down due to my fighting it too often). I always use cruise control to avoid going too fast, but I find it very frequently does startling slowdowns for no reason. Last week it dramatically slowed from 75 - I looked at the screen and for some reason it thought the speed limit had dropped to 35 when it was actually 70. Fortunately there was no one behind me. (The speed limit was never 35 there, and I was nowhere near another road or exit. It clearly had the correct speed limit the prior dozens of times I drove that segment of Interstate highway, so I have no idea why Tesla thought it had changed.)
Does anyone know how much of the tech for FSD is being incorporated in AP and cruise control? Maybe I'm being unfair when I take strange behavior like this as a sign that Tesla's software, and therefore FSD, has a long way to go.
I'd love to see James's evaluation for Tesla's Stock price with FSD success and then the Bot! X 10 and then x100?
At least X10
@@ruiyang7462 Yes I agree the x10 for an FSD robotaxi service is rather conservative.
10x is just from the car business over the next 5-10 years. FSD is 100x. The robot is 1000x. And general human level AI is 10000x or more. These are just order of magnitude estimates of course.
But there's an issue which breaks the math. Once the humanoid robot gets really good, it will replace most human workers, not just blue collar. Then the cost of labor in general will converge to zero. And since our current concept of money is based on labor, that will disrupt the concept of money itself. How do you value a company if there's no money anymore?
@@andrasbiro3007 Makes sense.It's going to be a hell of a ride.
@@andrasbiro3007 Amazing! Big dreams! Make it happen!
James, picking up a cat....brilliant!
I know the Anderson Valley and Hwy 128 intimately, having cycled it many times. That is one helluva windy road with high penalties for failure and great visual rewards.
ive discussed optimus with many people-- if the robot can simply walk around, and pick up dishes and load them into a dishwasher... its a billion dollar project. if it can pump gas... 10 billion dollar project. if it can fold laundry... 100 billion dollar project.
I think the difficulties are not in the right order, but you are on the right track.
Would love to hear James take on progress in other areas of AI
well, he said there are no robots out there to perform what seems easy to us, like opening a chip bag and picking one of them or grab a cat softly to your lap for a petting session
@@op4394 yes but there's other areas outside of real world object manipulation.
Regarding safety. Yesterday coming over a hill toward twilight there was a bicyclist riding at the edge of the road, against traffic, wearing black. My Model 3 saw him before I did and reasonably swerved over the yellow line to avoid him. The car saw there was no oncoming traffic so going over the yellow line was just right.
Autopilot or Beta?
I cycle the roads of Cornwall (England), that has narrow roads, and tight bends. Every year, too many cyclists die here - drivers typically drive too fast, and don't pay enough attention. I can't wait for FSD to make roads safer.
As brilliant a technologist James Douma is I would love to see him attempt stand-up comedy: he is brilliantly funny IMO.
I would listen for days to you 2 talking about stuff.
The value proposition for FSD in the commercial trucking space would seem to be huge because the cost benefit of eliminating the driver is objectively determinable and competition will drive this cost benefit. Whereas in the private vehicle space the value proposition is more subjective and more subject to individual convenience/safety preference. For example, I am 80 y/o and really would appreciate having an FSD chauffeur relieve me of driving stress on a long trip as compared to when I was in my 20’s looked forward to the thrill of driving/control. For me those days are long gone…
I have said all along that FSD is going to improve the quality of life for elderly people more than most of us can even imagine.
I’m 80 also. Love FSD beta here in NM. I’m a safer driver with it
Was hoping for more FSD insight into the improvement process. Always good to hear you two brainstorm.
Full stack big #11. What is needed to accomplish this? What does James think 11 is released? Given his current drive, it was cool to hear about the road curvature and surfaces as a technical calculation to be solved even more. How does the computer see (interpret) vs how we see vs what is displayed? I love the technical stuff as well as the big picture. I think everyone watching wants the big prize of self-driving cars to happen. What do you and James think about these version 10 updates? They look very sharp. Each incremental update seems to add more personality to the car. Watching Frenchie, Dirty Tesla, and Chuck Cook videos for the last two years has really helped me understand each incremental improvement. I'm very bullish on pure vision. James is right that Tesla's data they hold onto is the big story. We as consumers/drivers are just seeing the results of their hard work. Love your patience and thoughtfulness Dave and how you always let the guest be the star of the episode. Keep kicking butt. I understand Q2 had some issues, but currently FSD beta is looking better and better. So much to look forward to these next 6 months. Andrej will be coming back, #11 has to be getting close, eyes on the prizes; Tesla can whether any storm.
I know these end up quite long but I wish you wouldn't edit out any of what James says, id love to hear his full stream of consciousness as originally delivered.
Great interview. This was (and always is with Douma) an hour well spent.
Excellent interview Dave. It is so clear that Tesla is at least 5 years ahead!
Please have more interviews with James. He's such an interesting and knowledgeable speaker
James Douma is a legend. Always so interesting to hear what he has to say
Finally more Dave + James video!
Seeing Lee’s excitement made my day.
If FSD is so great, why do you think the take rate on it is so low? BTW, I’ve had FSD on my M3 since March 2019 and FSD beta since day one. I would love it if I didn’t have to intervene as often as I do. The reality is city autonomous driving isn’t close.
Expensive, and basic AP is really good, and residual values sucks, and you can rent it.
* I have FSD on 3 of 4 cars. 2 on BETA.
Agree, Tesla just relaunched enhanced auto-pilot yesterday for only $6K.
When FSD is ready to generally release, its usefulness will be obvious. As smart as the TESLA sale and marketing is, will they reset the sale price of FSD to anticipate the new demand? If FSD is real later or sooner, why would you not want to lock in today's 'low' price? (Do you not want to take this risk?)
Was this recorded over Starlink?
Yes, on James' end. My end was broadband.
Great interview. If you could have James address how FSD will handle low visibility situations like fog that would be super helpful. That's the one point the Lidar advocates point to that limits full autonomy and I don't know what the FSD defense would be. I expect FSD will just default to very low speeds (like humans do) in those very rare cases. Thanks
Thank you Guys! I love driving that road......can't wait for FSD......so my wife can blame IT, for feeling so car sick😎
One thing tesla could do better is add external audio sensors. They are using the internal microphone in the vehicle for detecting external sounds like emergency vehicles but then you get sound from the vehicle occupants. I think external audio pickups would help. Other than that the tesla approach of using a vision based system is the right one for sure.
James, are you willing to share your Tesla model?
Amazing talk. Thank you two.
I keep thinking you're going to run out of tings to talk about, and yet I'm hooked all over again, so thank you both.
Bipedal is going to need sophisticated reactive ankle/calf tendons imho, try balancing without using them, even on two legs let alone one, or while carrying something.
Anyway, this time, was with a flight of single malts while playing Rip The Cardboard with my collie cross. Lots of rewinding... A fun evening, a good chat. Goodnight until next time!
Hoping that AI Day will again be one of the seminal events of the year, can't wait.
I think fine dexterity with fingers would be impressive.Walking has been done unless it were to traverse various different terains: water sand rocks ice etc.
The real key is the flexibility to do different tasks.
Catching a ball
Juggling
Playing tennis
Stacking boxes
Dave,
Your program is very good, I come from mainland China, because my English is not good, I have to use a third party to translate the version every time I watch it, is it possible to add Chinese subtitles？I believe this will attract many Chinese fans, thank you!
so the car is getting confused a little when the actual road it see varys to some degree from what the map told it to expect ??
How does FSD handle a negatively banked curve?
If Im an MD of a big company with sales reps when does it become impossible for me to buy non Tesla fleet cars for my sales reps becuase the insurance value is too high.
Just a bit of a breather from Tesla. A suggestion would be to highlight Mark Cuban's pharma company charging astronomically lower prices for certain essential medicine. Not from a valuation standpoint, but in why this would be great for consumers, and for people in dire need for these medication
The financial markets seem to be suffering more than the real economy from the prospect of further Fed tightening, I seriously need suggestions on how to diversify my $500k portfolio made up of volatile TSLA.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the stocks you focus on.
@@Robertgriffinne wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
@@wiebeplatt4749 Having a coach is key to portfolio diversification, My advisor is "Nicole Ann Sabin" You can easily look her up, she has years of financial market experience.
@@Robertgriffinne I just looked up Ms Nicole online and researched her accreditation. She seem very proficient, I wrote her and scheduled a call.
11:00 I've also noticed it getting way better at judging the proper speed for turns. Wish it would stay to the inside of the curve more though
James Douma is wonderfully engaging on the topic of FSD. He really knows what’s up…
I live in Mendocino.
That highway, 128, …is not fun to drive. It is a pretty drive thru wine country…but the driver, of course, has to watch the road.
It is tiring…So…I can’t wait to have my Model 3 and to turn it loose around here. Exciting, thrilling even, is the thought.
I would have been quite exited to see James having lunch in our little town.
“It still a bull case!” He says, even if somebody else catches up to TSLA’s software.
“…for the foreseeable future.”
Perhaps ask "Could it be" rather than "Don't you think it could be", might raise the quality of the answer
You two run the best conversion on this topic.
Thank you. Great interview.
Douma just warms my heart man haha
I’ve been super impressed with fsd but for some reason this latest release was a huge step backwards for me… everyone else has been raving about it
That’s normal and will continue. It needs to learn and everyone’s environment is different.
Yes, Waymo could do James' drive *IF AND ONLY IF* they pre-mapped that lonely stretch of Highway 128 and the Coast Road.
I'm not holding my breath...
Yep
i use FSD in my model S about half the time and to me it seems like it’s near sighted.
I is also uncomfortable as it often creeps to far into / close to the crossing road. It appears that there needs to front side cameras in forward of the front wheels.
what do you think? what am i missing?
Even though I've purchased all of the Tesla equipment, except for a vehicle and the tequila, I'm holding off on buying a car until they've greatly improved FSD. Which probably means new camera, sensors, further forward on the cars and probably an improved computer too. As a shareholder I hope that Elon's proclamations about FSD don't come back to haunt Tesla and its shareholders in the form of massive lawsuits and that is a possibility..
YAAAAAY ANOTHER DAVE/JAMES CHAT!!! My day just got put on hold! 🤣
The one from 4 weeks ago is still in my watch later.... recommend watching it still or just this one?
I agree on the performance on curvy roads but the number of phantom breaking events on clear open interstate and two lane highways in actually dangerous. My model Y with FSD had so many extreme phantom breaking issues that I couldn't use FSD or even cruse much of the time on our trip to Denver from Rapid City and back over the past weekend. The breaking with absolutely no reason was abrupt and extreme at least two dozen times.
Most of the way through. This subject and you two are a fusion gift. Thanks on a Friday night. I've one question that maybe the last ten minutes approaches: when do you think actually driverless happens with FSD?
Incredible content as usual Dave. Just outstanding.
Bloomberg reported Hyundai n kia overtaking tsla market shares in US? What’s your opinions?
FSD tech will be usable in Tesla bot and any future moving autonomous thing.
Tesla bot prototype today likely identify e.g. humans, dogs, vechicles and react to them correctly.
With autolabling system etc, the Tesla bot understanding of the world will increase rapidly.
So FSD worth is incredible, since it can be reused for other autonomous things.
I have a question. If there is a very large wall painted with a mural that blends with the environment, will FSD avoid hitting it head on?
I suspect not (yet) especially if mural has continuation of the road blending in.
@@kkulkulkan5472 I thought so too. Isn't radar the only solution in that situation?
I think the robot is part of master plan part 3. Tesla has hirering problems in low class jobs. So they use their employes with something like google glas or maybe even cameras in the factory and autopilot neural net to train the robots to replace factory workers. It would allow them to scale faster and drive down production cost over time.
Gentlemen
I just wanted to let you know about something that I experienced in the railroad industry. BNSF Railway and all the other class one railroads in the United States were forced to develop positive train control. This was after the horrible accident in Chatsworth California in 2008! BNSF Railway worked with WABTECH, a division of Westinghouse Air Brake company a Berkshire Hathaway owned company I believe. The task was to develop a system called PTC, positive train control. When first introduced it was problematic and error prone.But they had a good support system for it, good feedback loops just like Tesla! They improved the product! Continuously. All of the other railroads realized that WABTECH and BNSF were way ahead of anyone else. Everyone else just decided rather than try to develop the software on their own, to no avail to wait. They waited until BNSF and the WABTECH system was perfected. Then they all bought a license to use the software. Thats exactly what happened to the positive train control system. It’s getting better and better every day. I think the same things going to happen with Tesla full self driving! Railroaders and the communities the trains run through are 100 times safer! Thank You both gentlemen! I love your show Dave, your positive and always informative!
OEMs are not even playing the same game.
How could you expect them to? They’ve been bending metal for decades. Software and - gasp - autonomy is just completely outside of their field of experience.
They’re utterly f***ed, and they don’t even know it yet.
Question for James: how close is the development of FSD to the ‘tipping point’ when the IE engine will be answering unique questions that arise by developing new logic that provides the solution??