Tesla's problem: overestimating automation, underestimating humans
Tesla was hoping to produce 5,000 new Model 3 electric cars each week in 2018. So far, it has failed to manufacture even half that number. Questioned on the matter, the company’s CEO, Elon Musk, claimed that “excessive automation was a mistake” and that “humans are underrated”. He’s not wrong – the recent drive for full automation has overlooked the importance of adaptability. Humans are still far more able to adapt to change than artificial intelligence (AI). In the long-term, AI has the potential to replace human workers, but for now leaders need to determine the right speed of change.