A pattern I've noticed in stuck people:
They're always busy. They never stop moving. They have 47 tabs open and a notebook-sized to-do list. But if you ask them what they accomplished this week that actually matters, their mind goes blank.
Busyness isn't a badge of honor.
I believe the 2500 cap is only for Tesla owned fleet. This cap disappears when a vehicle(s) are owned by an individual as they don’t fall under the same federal guidelines. This means there is no limit and can be deployed (without steering wheel/pedals) into any state that allows). Individuals or other companies can own fleets or cybercabs and add them to Tesla’s network or use them personally in the states that allow. Essentially as many as can come off the line will be purchased and deployed. They can sell for close to cost as they will make $10-15k in profit per year at 80% margins. 💥
@elonmusk@ID_AA_Carmack Why not use Starlink's laser links to do this as it's light and a vacuum that could hold weights until needed. Then you could modify the handoff between satellites say keeping the data transferring over a specific geolocation of the planet for reduced latency.
@amitisinvesting They basically need to improve efficiency by 25% to achieve the requirement. This should be easily implemented with any Blackwell variant. Alternatively, they could potentially achieve it by software update, coupled with hvac/sub system optimization, although much tougher.
This isn’t a great representation as AngelList valuations are only updated when they are unlocked by the GP which from my experience it’s 50/50. You would assume even with half the data you’d get a good picture but Al it takes is 3 or 4 unicorns to not be updated while the ones the burned are updated and the figures look different. I have roughly 60 investments in 2021 and have 2.75x with roughly 12% kill rate. It’s certainly trending lower than 2020 vintage by roughly half but what happens at year 5-10 when most of the growth “should” come?
@TroyTeslike So to make an assumption at 5-10 years you would need data for at least close to that duration for a thoughtful “prediction”. One would also need to factor in major step changes (not really sure how you do that)…
Charlie Munger spent a lifetime studying why humans make horrible decisions so you don't have to.
If you want to avoid bad decisions, here are 25 of the most powerful psychological tendencies known to man 🧵
@DriveTeslaca This is good news as it establishes a frame work in which to go through government standards than become the Wild West and never happen. Tesla will ensure all boxes are checked and standards are met (paperwork, data, etc) before turning on L3+ abilities.
12 Biases that distort your Decision-Making👇
1. Confirmation Bias - We interpret new information as confirmation of our existing beliefs.
2. Availability Bias - We tend to rely on information that comes to our mind easily/the quickest.
3. Action Bias - We favor action over inaction. That's why we sell or buy prematurely.
4. Zero-Risk Bias - If a risk is considered small, we assume there is no risk at all.
5. Overconfidence - We overestimate our own knowledge and ability.
Often because we know too little to know better.
(Less knowledge => more confidence)
6. Survivorship Bias - This is a sample bias that occurs when we assess only successful outcomes and disregard failures.
7. Gambler’s Fallacy - We tend to think that past events affect future possibilities.
8. Dunning-Kruger Effect - The less you know, the more confident you are.
The more you know, the less confident you are.
9. Cause-Effect Fallacy - We always look for cause-effect relationships.
Thus, we find patterns even in totally random data.
10. Hyperbolic Discounting - We are wired to prefer instant gratification (e.g. payouts).
Even when offered significantly more in the future.
11. False Consensus Effect - Too often, we overestimate the degree to which others agree with us.
12. Psychological Denial - When something terrible happens, we tend to fall into a state of denial.
@ramit Scarcity mindset VS. Abundance. Wealth is not a number it’s the ability to live one’s life on their own terms. Money can buy a lot of freedom but it cant buy mindset.