Get To Know What’s In With The NASDAQ: TSLA
It’s like Rorschach testing Tesla (NASDAQ: TSLA), a corporation. One investor sees a carmaker, another investor sees a software provider and a third sees a data provider. In 2020, all the data could be furious and the hot IPOs like Snowflake (SNOW) will benefit over 100% on their first trading day. The aim of this article is to analyse whether an investor will somewhere in the future have large incomes from data. I don’t think it is possible and this is why:
Tesla does not call herself a data company and is not listed in the mission of the company to speed up the global shift to renewable energy.
This is the goal of Snowflake:
The goal of Snowflake is to allow any business to be data-driven. Snowflake is the cloud data warehouse, allowing the data powered business to quickly elastically share data safely and pricing per second over several clouds.
In Tesla ‘s new 10-K, the word data can be found ~50x. The word data can be found in the S-1 of Snowflake 698x for comparison.
The versatility that we’ve integrated into our designs, together with our testing and real-world results, will allow us to continue evaluating our new battery cells and improving the efficiency and cost of the battery pack system for our current and future vehicles.In May 2018, the general Data Protection Regulation was enforced in full to process personal information obtained from individuals residing in the European Union and new enforcement obligations were defined and penalties for non-compliance dramatically increased. The California Consumer Protection Act also imposes some legal obligations on California residents’ use and handling of personal information from January 2020.
In its 10-K there is no saying that Tesla wants to monetize or sell its customer data. The organisation says it has the option to collect such data in a few locations. Tesla doesn’t say it’s in size at present at NASDAQ: TSLA. Later, I will come back to that subject.
Expensive data value
Looking at US speed info, it could be approximately 50 miles / hour by average. At 3 billion miles, 60 million hours of data. This means 120 million GB of knowledge. The bill will amount to $144,000 a month if the data were archived (the cheapest option). However, regular storage costs $2.4 million a month already. In its existence, Tesla sold approximately 1.2 million vehicles. NASDAQ: TSLA could only be charged to store data for up to $2 per vehicle per month. Given that Tesla is selling growing numbers of units, this price would have risen in magnitude by 2021.If you want to know more, you can check TSLA news.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.