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Unmanned Vehicles VS Auto Insurance of Musk and Buffett

Author: Source: Datetime: 2016-11-07 19:00:03

Tesla is probably the biggest game player driverless cars in the industry, the company believes that unmanned technology to improve traffic safety and reduce accident mortality (all traffic accidents, human error accounted for 99% of the proportion) plays a very important role. Earlier this year, musk predicts that Tesla Motors will achieve the United States unmanned in the last two years. Just last week, he also said that the next 7~8 years in the production of cars, there will be half of the realization of fully automated driving. This technology published by Tesla, just like the solar roof in solar power generator is a new and save power technology.

The rise of driverless cars on car insurance business may be a bad news -- for example, the name of Buffett of the United States government employee insurance company (Geico, the fourth largest U.S. private client Motors Insurance Corporation). This month, Buffett in an interview with CNBC on the description of the potential threat faced by:driverless cars

"I think it's still a long way to go, but it's definitely going to be there. Anything that makes the car more secure is socially useful, but it is harmful to the car insurance industry. In spite of this, the auto insurance industry is also in favor of working to build a more secure car. I mean, in the seat belt and other things, the Motors Insurance Corporation is in front of the. However, if there is no accident, there is no need for insurance.

In my view, with the passage of time, the number of traffic accidents will be greatly reduced. Of course this trend has now emerged - the manufacture of cars has been more secure, and now we have begun to make drivers more secure, this will be a big leap, this day will come. When the day comes, people who buy auto insurance will be greatly reduced."

There will always be an accident and a risk when driving a car, so the insurance will always be there. However, in a way the world is full of unmanned vehicles, we probably do not need auto insurance. It’s also sounds like a good thing, just like now, we found out “All-In-One”, it can use Lifepo4 batteries to replace lead acid batteries, decrease the weight and protect the environment.

These are only two examples of Buffett and musk disagree. For decades, Buffett huge industrial empire, there must be other areas will have a direct or indirect conflict and musk, for example:

Buffett's Berkhire Hathaway Inc has an oil additive company Lu Borun (Lubrizol). In addition to oil, the company also for the oil field and refinery production related products. If forward toward electric cars continue to musk, oil and natural gas demand will be reduced, in theory, Lubrizol's future will be in jeopardy.

Burlington Northern Santa Fe Railway Company (BNSFRailway) is a subsidiary of Berkshire Hathaway. If in the near future, super high-speed rail Mask began to replace the traditional railway, then BNSF will be hit.

In addition, Buffett also has a wide range of investment in the oil and gas industry, recently he also added a $1 billion investment in Philips66 oil company. But most of the energy of musk is mainly on how to bring the whole world away from fossil fuels, close to solar generator fields.

Last year, Berkhire Hathaway Inc to $37 billion 200 million acquisition of precision parts company (Precision Castparts Corp.) - this is an outstanding supplier of aviation industry. While musk SpaceX companies are trying to subvert the commercial aviation industry. It is said that the ultimate goal is to build a musk electric aircraft. With the passage of time, the threat to the traditional aerospace enterprises will only become more and more large.

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