JPR007 Profile picture
1 Jun, 18 tweets, 3 min read
The dream of the truly driverless car is officially dead

Look beyond the headlines and you'll find human overlords watch from afar over purportedly automated systems
businessinsider.com/driverless-car…
Lyft's quest for driverless cars is over

The company recently announced the sale of its self-driving unit to the auto giant Toyota

The move isn't surprising

Despite hefty investment, Lyft's driverless utopia, like many others, remains more fiction than fact
It wasn't supposed to be like this

In 2016 Lyft President John Zimmer predicted that driverless cars would "account for the majority of Lyft rides within five years"

By 2025, Zimmer reasoned, "private car ownership will all but end in major US cities"
Such reasoning was largely rooted in "techno-optimism": a belief that machines are superior to humans in terms of servitude

Sensors and software, after all, don't complain, don't tire, and don't demand pay hikes — or salaries at all, for that matter
This trifecta is purportedly a surefire way to lift profits — hence the tech-centric spending spree on all things autonomous

Ride-hailing companies have burnt millions over the years on perfecting the technology

Yet, autonomous does not mean humanless
In "Our Robots, Ourselves: Robotics and the Myths of Autonomy," the historian David Mindell explained why

"There are no fully autonomous systems"

"The machine that operates entirely independently of human direction is a useless machine. Only a rock is truly autonomous"
Put another way, the type of automation that ride-hailing companies are betting on to boost earnings doesn't exist

It never has

And if it did, humans would still play a role

The reason ?

Machines — much like humans — can't be trusted to get it right all the time, every time
Take what is arguably the longest-serving piece of automation today: the airplane autopilot

First introduced in 1912, the system is designed to balance an airplane so human pilots don't have to

The result is a smoother, safer ride for passengers
But as we know, there have been hiccups

In 1985, a jetliner flying for China Airlines nearly crashed after the autopilot failed to inform the crew about an imminent loss of control — a dangerous condition that can cause a crash
Because of such oversights, autopilot use today is contingent on human supervision

This also explains why driverless cars remain, after years of development, not so driverless after all
Look beyond the headlines and you'll find human overlords watch from afar over purportedly automated systems

Customer-support staff are also on hand to answer rider queries

- such as "What if I want to change my destination during the trip ?"
And then there's an armada of pricey engineers standing ready to solve vexing road problems, like what to do when a lane is blocked by double-parked cars, orange traffic cones, or the occasional taco truck
All this human capital means more, not less, expense; bloated, not pared down, balance sheets

And that's problematic for an industry that has struggled to turn a profit
In 2019 alone, ride-hailing companies lost more than $10 billion, their financial statements being described as, "a hemorrhaging fountain of red ink with no path to profitability"

Company execs had hoped self-driving investments would provide relief
The available evidence suggests otherwise

It's time we see the driverless dream for what it is :

- a Disneyland-style spectacle that can't "live up to its sci-fi imaginings, a series of very expensive and glitzy pilot projects that can't cut it in the real world"
Driverless technology might, on its best days, be astounding, but those days have been few and far between

Self-driving algorithms might — given the frequency of human folly — make intuitive sense, but intuition isn't always right
Earlier this year, the UK government suggested that driverless cars could soon hit the A10, a major road in England that connects London to various cities to its north

"We're on the cusp of a driving revolution," noted Transport Minister Rachel Maclean
But turning that revolution into reality demands a guarantee of technological perfection – a guarantee that few if any driverless tech developers can give

Until that happens, expect human drivers to stick around

Axel Springer, Insider's parent company, is an investor in Uber

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More from @jpr007

1 Jun
TESLA SHANGHAI - 2021 Q2

"CICC expects that in Q2 2021 Tesla's factory in China will be able to supply 107,000 units, including domestic sales and exports"

This is very difficult to imagine

Let us examine the facts

1. The current Scheduled Capacity for M3 + MY is 84,375 units
2. Stated Capacity for M3 + MY is 112,500 units per quarter

- but this requires 4-shift operation on both lines

- the M3 line is running 4 shifts

- the MY line is only running 2 shifts

Hence the Scheduled Capacity of 84,375 units for 2021 Q2
3. Shanghai Production in April 2021 was 30,494 units

- so May + June would have to total 76,506 units in order to hit a total of 107,000 units for the quarter
Read 7 tweets
31 May
Now it's a matter of survival for the VDA

Germany's car industry association VDA is at loggerheads with its most important member, the Volkswagen Group

On the surface, it's about membership fees, but in fact it's about everything for the VDA
wiwo.de/unternehmen/au…
The dispute is remarkable

VDA versus Volkswagen

Germany's car industry association against Germany's largest car company

The VDA wants to increase the contributions from its members, Volkswagen does not want to go along
VW, however, is not concerned with money but with principle :

VW boss Herbert Diess does not see why he should throw money at an association which, from VW's point of view, is useless and sometimes even damaging to its business
Read 25 tweets
23 May
OBSERVATION OF THE DAY 20210523

Economics Of Tesla Model 3

The Blue line on this chart gives us a very simple way to think of the economics of the Tesla Model 3 :

Market Price = €20,000 + €100 x Power in kW

- and note that this number INCLUDES Tariffs and Delivery Charges
Clearly this is just an observed empirical outcome

- but we can impute various things from it

1. The launch of production at Giga Grünheide should allow Tesla to reduce prices by more than 10% just from the elimination of Tariffs and reduction of Delivery Charges
2. This could imply a revised formula for an equivalent European-made vehicle, before counting any other savings :

Market Price = €19,000 + €90 x Power in kW

3. A 200 kW vehicle would then price at €37,000

4. A 150 kW vehicle would then price at €32,500
Read 7 tweets
21 May
ADAC BEV SUMMARY 20210521

Our BEV study using ADAC data for Germany has looked at a range of different vehicles with different levels of Power

And it has included some ICEV vehicles chosen by ADAC for comparison to the Tesla Model 3
It shows that BEVs are now available in Germany at lower price points than ICEVs with the same Power rating

Tesla Model 3 has the lowest Price at its respective Power points

The most popular BEVs are relatively low-powered compared to the Tesla Model 3 variants SR+, LR and P
The biggest Cost Of Ownership is the Depreciation of the vehicle
Read 12 tweets
21 May
LORA KOLODNY CREATES VIRAL MARKETING FOR TESLA
Which of course is what happens when you get this . . .

2/
. . . and this . . .

3/
Read 7 tweets
20 May
WHY ARE TESLA VEHICLES SO POPULAR ?

YESTERDAY we looked at the TESLA MODEL 3 across its three different versions

TODAY let us look at the THIRD COHORT of BEVs with 200 KW - 300 KW motors

- and we shall overlay in Red what we have seen for the three versions of TESLA MODEL 3
The Tesla Model 3 Long Range and Performance will beat any of these vehicles in 0-100 km/hr Acceleration

The Audi e-Tron is a surprising laggard

With the Polestar 2 showing up as the best of the cohort outside of Tesla
The Tesla vehicles clearly dominate in Maximum Speed too

- with the Porsche Taycan being the only serious challenger
Read 11 tweets

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