As we enter 2023, these were the big stories in self-driving cars for 2022.
Tesla’s stock fell greatly, and they got new investigations by government agencies. They got a poorly ordered recall on the ability to do rolling stops at empty intersections and investigations into hitting emergency vehicles and other Autopilot accidents. Impressively, there are not reports of serious FSD accidents.
Several of the trucking and delivery companies had big improvements this year. Starship, where I’m a stockholder, hit the 4 million paid autonomous delivery milestone and expanded to a whole raft of new service locations, mostly universities. Gatik, a “middle-mile” delivery company is now doing regular runs with nobody in the truck between depots in Arkansas for Wal*Mart and in Toronto for Loblaws.
MobilEye was bought by Intel for $16 billion several years ago. Late in 2022 they went public at a valuation not too different from that, which at first seemed like bad news. They popped the first day and MBLY is up over 75% while the rest of the market has been down or flat. While Tesla has certainly had its challenges, their FSD prototype, mistakenly labeled as a beta, is definitely showing improvement. While I still can’t get it to do a significant drive without interventions, the distance between interventions is improving, and the system is getting better at turns. I still wouldn’t expect any of Elon Musk’s regular “next year, and I mean it this time” predictions to come true, and all his attention is on Twitter.
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