Crazy, Scary, Genius, Hilarious - Auto Industry Stalling With Uncertain Future

12PointFive Minutes: S3-Ep08 - In this episode, the automobile industry needs its own GPS directions as the future seems uncertain, eclectic vehicles are taking losses and autonomous cars are endangering customers.Key takeaways:Elon Musk’s take that people “won’t need to worry about retirement in 20 years” lands as out of touch to the hosts, who point to missed promises like Hyperloop and roof shingles powering EVs.The hosts question shifting U.S. policy around EVs, noting a claim that GM could face a huge loss and wondering how that squares with priorities like jobs, unions, and manufacturing.Warren Buffett’s view that Tesla is more “gamble” than investment resonates as a reminder to stick to basic business principles.Waymo’s safety is a big concern: stories of a rider ending up in the hatchback and a car stopping on train tracks have the hosts asking where the “intelligence” is in AI.Bottom line: cool tech is fine, but cars—especially rideshares—must do the simple thing first: not put passengers in danger.References: Elon Musk’s perspective on retirementGM loses $6 billion on EV Is Tesla an investment or a gambleAutonomous car stops on train tracks