The problem with this is that it destroys any chain of evidence. Tesla "lost" this data, in fact. You would never want your "black box" in your car delete itself after uploading to some service because the service could go down, be hacked, or the provider could decide to withhold it, forcing you into a lengthy discovery / custody battle.
This data is yours. You were going the speed limit when the accident happened and everyone else claims you were speeding. It would take forever to clear your name or worse you could be convicted if the data was lost.
This is more of "you will own nothing" crap. And mainly so Tesla can cover its ass.