How Tesla Transformed Car Manufacturing into an Exponential Technology and What It Means for Healthcare

This Bing Powered GPT Blog post, inspired by Sam Basta’s LinkedIn post, discusses how Tesla’s growth and technology will impact healthcare. In a January 2020 blog post, I predicted Tesla’s rise in popularity, but this post explains how much further they have to go.

Thanks, Sam for the inspiration.

Tesla is not just another car company. It is a pioneer of exponential technology that has disrupted the traditional auto industry and set new standards for innovation, efficiency, and customer satisfaction. Tesla has achieved this by developing software on unique hardware, much like Apple or Microsoft, and by leveraging computer chips, displays, and sensors to create smart cars that can improve their functionality every few weeks .

Tesla’s approach has enabled it to increase its production by 50% year after year for the last 10 years, while cutting its price by 10-15% every year. The first Tesla was over $130,000 and today’s cheapest Tesla is approaching $40,000 and is a much better car. This exponential growth has made Tesla the world’s most valuable carmaker and has challenged the established giants who are struggling to keep up with Tesla’s innovation and quality.

Many experts have underestimated Tesla’s potential and have predicted its failure or demise. They have failed to realize that Tesla has transformed heavy manufacturing into an exponential technology that follows a similar curve as Moore’s law for computer chips. They have also ignored the fact that Tesla is not only selling cars but also software, services, and data that will generate more revenue and value in the future.

DALL-E 2 “oil painting” of a Tesla Model S driving past a modern designed Hospital

The same experts who dismissed Tesla are likely to dismiss the emergence of exponential technologies in healthcare as well. However, healthcare is ripe for disruption by technologies such as artificial intelligence (AI), nanotechnology, 3D printing, synthetic biology, digital biofeedback sensors, smartphone technology, telehealth coaching, and telemedicine . These technologies have the potential to revolutionize the way healthcare is delivered, monitored, diagnosed, treated, and prevented.

Exponential technologies can reduce costs, improve quality, increase access, personalize care, and empower patients. They can also create new business models, opportunities, and challenges for healthcare providers, payers, and regulators. Exponential technologies can render the healthcare sector unrecognizable in a relatively short amount of time, just like Tesla did to the auto industry.

We are waiting for a healthcare Elon Musk who can lead this transformation and create exponential healthcare solutions that can benefit millions of people around the world.

Until then, we should be open-minded and curious about the possibilities and implications of exponential technologies in healthcare, rather than dismissive or skeptical. Exponential technologies are here to stay, and they will change everything we know about health and wellness.

NerdMDs Take

For those interested in how I did this:

  1. Signed up for Bing GPT Beta
  2. Once accepted, downloaded the Mac Version of Microsoft Edge Dev browser
  3. Using the Bing sidebar, I used the new “Compose tool”
  4. Details below in the graphic

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