Mercedes is the first automaker to offer Level 3 self-driving in the US
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Re: Mercedes is the first automaker to offer Level 3 self-driving in the US
#2It used to be common to point out that 1/3rd of all of the self-made multimillionaires in the USA eventually go bankrupt. I don't know what the current statistic is, but 20 years ago I studied the issue in some detail, and the pattern was:
1. entrepreneur sees an opportunity that no one else sees
2. entrepreneur takes some big risks to take advantage of the opportunity
3. entrepreneur becomes wealthy because they took risks to take advantage of the opportunity
4. other entrepreneurs (or businesses) become interested now that the new opportunity has been proven
5. after 10 or 20 years of hard work, the original entrepreneur wants to shift their attention elsewhere, maybe relax, at the very moment that outside money is pouring into this opportunity
6. original entrepreneur goes bankrupt, as their attention was shifting away from their business just as competition was intensifying.
On a much larger scale, it seems Elon Musk is at risk of exactly this pattern. His attention shifted away from Tesla just as Tesla is facing increasing competition.
Re: Mercedes is the first automaker to offer Level 3 self-driving in the US
#3> According to the SAE levels of driving automation, a Level 3-capable vehicle can take over certain driving tasks, but a driver is still required to be present and ready to take control of the car at all times when prompted to intervene.
The first part of the article mentions the driver being able to take a meeting or watch a movie. That’s complete horseshit if they need to be ready to take control of the car at all times.
Re: Mercedes is the first automaker to offer Level 3 self-driving in the US
#4It used to be common to point out that 1/3rd of all of the self-made multimillionaires in the USA eventually go bankrupt. I don't know what the current statistic is, but 20 years ago I studied the issue in some detail, and the pattern was: 1. entrepreneur sees an opportunity that no one else sees 2. entrepreneur takes some big risks to take advantage of the opportunity 3. entrepreneur becomes wealthy because they too…
Perhaps Tesla will suffer, very possible, but where are the Mercedes Satellite Constellations and re-usable Rockets? Mercedes Brain-Computer Interfaces?
Musk's businesses seems so financially diversified that one bombing overnight could just take some cash from the others. He's already leveraged Tesla stock to buy a massive Social Media platform, right? But the profitability of Twitter is certainly another point to be decided.
Re: Mercedes is the first automaker to offer Level 3 self-driving in the US
#5It used to be common to point out that 1/3rd of all of the self-made multimillionaires in the USA eventually go bankrupt. I don't know what the current statistic is, but 20 years ago I studied the issue in some detail, and the pattern was: 1. entrepreneur sees an opportunity that no one else sees 2. entrepreneur takes some big risks to take advantage of the opportunity 3. entrepreneur becomes wealthy because they too…
Perhaps Tesla will suffer, very possible, but where are the Mercedes Satellite Constellations and re-usable Rockets? Mercedes Brain-Computer Interfaces? Musk's businesses seems so financially diversified that one bombing overnight could just take some cash from the others. He's already leveraged Tesla stock to buy a massive Social Media platform, right? But the profitability of Twitter is certainly another point to b…
fyi neuralink fundamentally doesn't work.
Re: Mercedes is the first automaker to offer Level 3 self-driving in the US
#6It used to be common to point out that 1/3rd of all of the self-made multimillionaires in the USA eventually go bankrupt. I don't know what the current statistic is, but 20 years ago I studied the issue in some detail, and the pattern was: 1. entrepreneur sees an opportunity that no one else sees 2. entrepreneur takes some big risks to take advantage of the opportunity 3. entrepreneur becomes wealthy because they too…
I am paraphrasing a quote I have heard before, "Pioneers get the bullets and settlers get the land." Might not be actual bullets but pioneers today have to deal with legislators, put up charging stations, develop most components from scratch and so on. These are the modern day bullets. If they don't get bought by a larger company the larger company launches a competing product with the benefit of the experiences of the pioneer.
Re: Mercedes is the first automaker to offer Level 3 self-driving in the US
#7> According to the SAE levels of driving automation, a Level 3-capable vehicle can take over certain driving tasks, but a driver is still required to be present and ready to take control of the car at all times when prompted to intervene. The first part of the article mentions the driver being able to take a meeting or watch a movie. That’s complete horseshit if they need to be ready to take control of the car at all…
L3 driving is only available at low speeds, approx 35mph which means only useful for stop-and-go traffic. Many cars with adaptive cruise control can already do this.
Source: https://www.rambus.com/blogs/driving-automation-levels/#leve...
Re: Mercedes is the first automaker to offer Level 3 self-driving in the US
#8Earlier quoted context omitted.
Perhaps Tesla will suffer, very possible, but where are the Mercedes Satellite Constellations and re-usable Rockets? Mercedes Brain-Computer Interfaces? Musk's businesses seems so financially diversified that one bombing overnight could just take some cash from the others. He's already leveraged Tesla stock to buy a massive Social Media platform, right? But the profitability of Twitter is certainly another point to b…
fyi neuralink fundamentally doesn't work.
Elaborate? The demo of a Pig on a Treadmill, with accurate predictions of Joint Locations, was very impressive to me.
Re: Mercedes is the first automaker to offer Level 3 self-driving in the US
#9When I see articles like this, I have this bet between Jeff Atwood and John Carmack in the back of my mind:
https://blog.codinghorror.com/the-2030-self-driving-car-bet/
Re: Mercedes is the first automaker to offer Level 3 self-driving in the US
#10It used to be common to point out that 1/3rd of all of the self-made multimillionaires in the USA eventually go bankrupt. I don't know what the current statistic is, but 20 years ago I studied the issue in some detail, and the pattern was: 1. entrepreneur sees an opportunity that no one else sees 2. entrepreneur takes some big risks to take advantage of the opportunity 3. entrepreneur becomes wealthy because they too…
I am paraphrasing a quote I have heard before, "Pioneers get the bullets and settlers get the land." Might not be actual bullets but pioneers today have to deal with legislators, put up charging stations, develop most components from scratch and so on. These are the modern day bullets. If they don't get bought by a larger company the larger company launches a competing product with the benefit of the experiences of t…
Can't argue that Tesla's smaller than Mercedes when Tesla's market cap is so much larger. In 2021, at it's peak Tesla's market cap crossed $1.2 Trillion. Daimler at it's peak this year only reached $81 Billion (although climbing). Why couldn't Tesla just buy out Daimler? Even now Tesla sitting at a valuation of $372 Billion. It could happen tomorrow.
Tell me Elon's the savvy businessman you claim him to be. If Gates were running the company, he would have acquired half the auto industry by now.