SAN FRANCISCO : Tesla Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and using humanoid robots in factories, though he acknowledged he's been optimistic before.The electric vehicle maker is in early talks with a major automaker t
SAN FRANCISCO : Tesla Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and using humanoid robots in factories, though he acknowledged he's been optimistic before.
The value of Tesla vehicles would rise in perhaps"the single biggest step change in history" once regulators approved self-driving, he said at an earnings briefing. Musk has also said that Tesla robots, in pilot phase, could become a huge product. He said they could help out on Tesla's factory floors as soon as next year, although only about 10 have been built to date.
But Musk said Tesla will keep pushing to expand sales volume at the cost of profit margins, betting on the long-term value from FSD."Autonomy will make all of these numbers look silly," he said. The licensing announcement was not surprising, given industry failures, Ark Invest's Tasha Keeney said on Twitter."Autonomy is hard, it requires vast amounts of data, and I believe many automakers will fail to achieve it on their own."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla to hand over Musk's emails to JPMorgan in lawsuit over 2018 tweetNEW YORK : JPMorgan Chase will get to review some of Elon Musk's emails as it pursues a lawsuit against Tesla over a bond contract dispute that arose after Musk tweeted he might take his electric car company private.In a Wednesday hearing in Manhattan federal court, U.S. Magistrate Judge Ona Wang gave Tes
Read more »
Tesla margins slip on price war, Musk warns of 'turbulent times':Tesla on Wednesday reported quarterly automotive gross margin in line with Wall Street estimates, though it was a far cry from a year earlier and before CEO Elon Musk ignited an electric-vehicle price war to quash competition. Under pressure from increasing competition and an uncertain economy, Tesla has sl
Read more »
Tesla's margin falls as it boosts discounts to drive demandTesla's gross profit margin dropped to a four-year low in the second quarter after Chief Executive Elon Musk doubled down on a price war with rival automakers, but sales and profit still beat Street expectations. Under pressure from increasing competition and an uncertain economy, Tesla has cut prices and
Read more »
Tesla plans sweeping expansion to Berlin plant, cell production(Refiles to specify location of plant in headline)By Victoria WalderseeBERLIN :Tesla is planning sweeping changes to its factory near Berlin, including extensions to its battery cell production, indicating ramp-up plans remain underway despite a recent shift in focus to scaling up in the United States
Read more »
Tesla to expand Europe's biggest car plant, cell productionBERLIN :Tesla is planning sweeping changes to its factory near Berlin, including extensions to its battery cell production, indicating ramp-up plans remain underway despite a recent shift in focus to scaling up in the United States.A day after Tesla sought to assuage local concerns with a question-and-answer
Read more »
US opens new special probe into fatal Tesla crashWASHINGTON : The National Highway Traffic Safety Administration said Tuesday it is opening a new special crash investigation into a fatal accident in California involving a 2018 Tesla Model 3 where advanced driver assistance systems are suspected of having been used.Since 2016, NHTSA has opened more than
Read more »