I think the autonomy is really going to transform automotive. ... I mean since the major innovations in production that Henry Ford and others can up with, the next two massive disruptions for cars are electrification and autonomy, and electrification and autonomy are happening at the same time very basically. So the future will be all electric, all autonomous. I don't mean some electric, some autonomous, I mean all electric, all autonomous. And in fact, I would really caution someone against buying a gasoline or diesel car or truck because it will have poor resale value in the future.
It will be like—I've made this comment before—but it will be like, let's say it is 100 years ago, 1919, and a lot of people were still buying horses, and there was like this new radical thing called cars. Essentially you have this Model T or whatever, and people are like, "That's weird automobile technology that will never catch on," and they bought a horse, so that was a mistake. So trust me when I say the future is electric autonomy. So you want to buy a car that is electric, and you want to buy a car that is capable of autonomy, which a Tesla is. This will, I think, become very obvious within a few years.
It will change things quite a lot. If things were autonomous and cars are in use a lot, the fundamental utility of a car is right now is maybe 10 or 12 hours a week. Let's estimate an hour and a half, two hours a day. With a shared autonomous fleet, that goes up to like 50 or 60 hours on average, maybe more. So then the cars will be used a lot more. You'll want probably dynamic personalization, so it's like you step into the car, it knows who you are, it knows everything you want, and the car reconfigures itself automatically to all your preferences. So you could step into any car, and that's how it would be. There won't be a steering wheel in most cars, no pedals. I mean there will still be a small number of cars made for people who still want to drive cars, but it will literally become like horses. People have horses, but it's just not that many people who have horses, and they don't usually go to work with them. They're recreational. So it will be recreational, and cars that you drive manually or by yourself will be 1 percent of all cars, maybe 2.
Whether you like it or not, this is what's going to happen. But certainly for those that love driving, I don't think they will be prevented from driving, just like those who want to ride a horse, they are not prevented from riding a horse. But it will just be very few people that choose to do that.
FvH: I also think Model S proved that an electric vehicle can be beautiful and fun to drive and something you desire to own. And I think Tesla will do that with autonomy, as well. So it's not going to be a scary, ugly, dystopian future. It's going to be a fun, beautiful experience. And I think all of our products will have that. And this showed that's possible.