While a self-driving car would certainly be convenient, Musk added that safety could be the greatest benefit. He said he is confident that an advanced Autopilot will allow Teslas to become 10 times less likely to be involved in a serious crash than the industry average.zoom financially this year.
By mid-August, its valuation was already three times the value of Ford, General Motors and Fiat Chrysler combined. It did it by creating vehicles that captured the hearts of customers with their smooth plug-in electric drivetrains and the promise of self-driving.In keeping with their emotional spirit, Tesla created the Models S, X, Y and Model 3 that together spell SEXY — if you flip the 3 backward.
But the company's plans going forward, as outlined to investors, are decidedly unsexy by comparison. Musk said he expects all automakers to eventually offer their own electric and self-driving vehicles, so Tesla will stand apart by becoming the low-cost producer. He said he plans to wring so many cost savings from pioneering manufacturing techniques and battery innovations that the company will be able to offer a true low-priced, self-driving electric model.
"I think probably about three years from now we are confident we can make a very compelling $25,000 electric vehicle that's also fully autonomous," Musk said to a round of approving honks.
The way things are going in 2020, Tesla better not release it just yet. 🚫🚫🚫🚫🚫 TableIt
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