The Autonomy Market: Economic Revolution and Tesla's Vision for the Future
The autonomy market is, in my opinion, the most significant market of the coming decades and the one poised to capture the greatest economic value worldwide.
The importance of this market lies in the fact that machines will not only execute tasks but also make decisions.
In the pre-AI economy, humans contributed both execution and, more importantly, decision-making while collaborating with machines that merely executed commands.
For instance, a truck driver decides whether to turn right or left, or choose the fastest route.
In the autonomy market, machines will take decisions and execute them. An autonomous vehicle will determine and execute the most suitable route, when to accelerate, turn right, or brake.
This is a market where humans no longer make decisions—or at least are limited to the top 1% of decisions, such as those critical to the design and functionality of the machine.
And when I speak of the autonomy market, it’s because this concept extends far beyond vehicles, influencing all industries and the functioning of the entire economy.
Elon Musk’s recent shareholder conference for Tesla was quite remarkable to watch.
I often talk with other Tesla shareholders who admit they dislike Musk but continue to buy shares because they firmly believe in his vision of the future.
This is Tesla’s strength today. All of the company’s strategic decisions and direction position it to become as large as Apple ($3 trillion market cap) or Microsoft in the near future—and potentially as significant as Saudi Aramco (which peaked at a $10 trillion market cap and is around $6 trillion today) within a decade.
In this article, you’ll read:
Why fully autonomous vehicles will arrive much faster than most people expect.
Why I believe Tesla is the only automaker capable of winning the race for autonomous vehicles.
Why the automotive market will lose value over the next few decades and why some automakers will likely go bankrupt.
What Tesla’s new business model will look like.
The future of the energy market and how autonomy will drive its evolution.
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