Tesla CEO Elon Musk yesterday laid out another series of ambitious targets while hosting a Tesla Autonomy Investor Day.
These included more details of a plan to profitability for the American electric vehicle (EV) maker during a period of additional financial turmoil. There is concern within Wall Street that demand for Teslas has slowed after an initial global rush this year, while short-term problems such as arranging successful deliveries globally has proved to be a sticking point.
Musk forecasted that the company will become “extremely cashflow-positive” once it has established a network of “autonomous robotaxis”, beginning next year. He admitted that Tesla “won’t have regulatory approval everywhere” to run such a network but said he was “confident we will have at least regulatory approval somewhere, literally next year”.
Acknowledging criticism of Tesla sometimes failing to deliver on its promises, Musk said: “All these things, I said we’d do them. We did it. We’re going to do the robotaxi things too. The only criticism – it’s a fair one – sometimes they’re not on time”.
The reference may be to Musk’s frequent optimism for the advent of full autonomy, which appears to have been pushed back. Last month, Tesla started shipping cars that are said to be capable of fully autonomous driving, thanks to new hardware designed in-house.
By the end of 2019, Tesla will reportedly have a wireless software update for that system ready, with a target to ensure the system is “safe” by the middle of 2020. Musk promised analysts back in January that the Full Self-Driving system would be granted for permission towards the end of this year. He added yesterday: "probably two years from now, we will make a car with no steering wheel or pedals".
If regulators can be successfully convinced of the system’s safety, permission to launch an autonomous taxi service could be granted for the end of 2020.
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Meanwhile Tesla continues to
Meanwhile Tesla continues to succeed and becoming even more dominant than ever in the EV world...go Tesla!
Alternative toxins
In the reports I read Musk said that Tesla will have a million robotaxis on the road in 2020. He also said that it is" financially insane to buy anything other than a Tesla". Too bad that the obnoxious gases Teslas don't produce are replaced every time this obnoxious man opens his mouth.
At least there's a vision
Say what you like about him but without Elon the World would be a much more boring place - at least he has big visions and gets them done even if he is somewhat "eccentric". Given the recent sheep tweets he may need a holiday....
No steering wheel - not sure if we're ready for that.
Aggressive mode - that'll do wonders for Tesla insurance ratings.
A close second to....?
He reminds me of another American, but that one is in charge of a Country!