**An upcoming Chicago Boyz group discussion**
There is much media and analyst discussion lately concerning possible sea changes in the auto industry..which would, of course, likely have major impacts throughout the economy and on society as a whole. Some of the driving factors worth considering include:
–The government incentives put in place in many countries…in some cases not just incentives but absolute requirements…in favor of electric cars
–The emergence and growth of ride-sharing services such as Uber and Lyft
–The development of partial ‘autopilot’ functions for cars, and the anticipated development of full automatic driving at some future point
–The apparent reduction of interest among young adults and older children in driving and automobile ownership
–Technological factors, including the continued improvements in battery energy storage capacity–but still very limited in comparison to liquid fuels…the continued incremental improvements in internal-combustion engines…and the emergence of new manufacturing technologies, including 3-D printing aka ‘additive manufacturing’.
I’d like to have a group discussion of the possible future direction and shape of the industry…let’s do this sometime next week. If you’re interested in participating, here are some links that are worthwhile thought-starters.
Vitaliy Katsenslson is a fund manager; his blog is Contrarian Edge–I generally like the way he thinks. Concerning electric cars in general and Tesla in particular, he says:
You don’t really know the company until you buy the stock. It has happened to mea few times. We did hundreds of hours of research, bought a stock, and that act of buying activated new senses. I started seeing new angles. Something similar happened to me with Tesla, except I didn’t buy the stock, I bought a car.
His ownership experience, and the thoughts triggered by the “activated new senses”, are captured in an 11-part series of posts. You can get it emailed to you by signing up here.
Concerning self-driving cars, here are three articles reflecting various degrees of enthusiasm versus caution: from Forbes, from Investor’s Business Daily, and from Road/Show. Also this Financial Times article, which is about the difficulties involved in the interaction of automated systems with humans in other cars or with human pedestrians.
An interesting general discussion of AI misinformation and hype…not primarily focused on driverless cars although it does touch on that subject.
Homework: Please take a look at the above articles, at least the ones that aren’t behind paywalls.. I’ll put up a post as a place for discussion sometime next week.