Friday, April 21, 2017

Tesla Improves AI, Enters Trucking Market






Elon Musk (SpaceX and Tesla CEO) is currently sponsoring a brain-computer interface venture named Neuralink.  The company is also set to make public its electric autonomous semi-truck in September. 

Merger of Biological and Digital Intelligence

Neuralink is the billionaire entrepreneur’s newest company. This company aims to fight brain disorders by implanting tiny electrodes in the brain. Another aim is to help humanity avoid getting defeated by these electronic machines by means of keeping abreast with advancements in artificial intelligence. Such enhancements are setting sights on improving memory and allowing direct control and communication with computing devices. Quoting Musk, “Over time I think we will probably see a closer merger of biological intelligence and digital intelligence… It’s mostly about the bandwidth, the speed of the connection between your brain and the digital version of yourself, particularly output.”

Neuralink’s objectives are more daring than that of Tesla (TSLA, -0.99%) devising its marketing plans to sell electric vehicles and Space Exploration Technologies Corp.’s hopes to send humans to planet Mars. Indeed, it is another bright idea of Musk yet it is a truly ambitious startup to link human brains with computers thus allowing what he calls “consensual telepathy.” 

Trucking Market

Another revenue generating project that Tesla can execute is by entering the trucking market as articulated by a Morgan Stanley analyst, Adam Jonas. Tesla has the potential to gain billions in revenue if it captures just a small fraction of the aforementioned market. Jonas further stated that Tesla’s announced entry into electric autonomous semi-trucks will be making a hit and is making more sense than passenger cars.  

Jonas even quantified that the company can either or both become a truck manufacturer and a service provider. A few days after CEO Elon Musk confirmed on Twitter that the company will uncover the Tesla semi this coming September, Jonas said that the business can make up to $7.5 billion in revenue. However it would require a substantial amount of investment to get things working. 

Tesla Stock

Further, the company is set to have its shareholder meeting on June 6 at 2:30 pm in Mountain View. Along with other items on the agenda, it is eyeing on shareholders voting for three directors to serve three-year terms. The nominees for directors are CEO Elon Musk, Robyn M. Denholm and Stephen J. Jurvetson. Currently, Tesla’s shares traded by -0.99% to $302.51, which is down by 3.01. Just recently, the shares hit a 52-week high as it traded at $312 per share. 


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