Global Courant 2023-04-20 17:07:03
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Tesla, an electric vehicle giant, is likely to launch self-driving technology this year, according to Elon Musk.
On a conference call, Musk said, “I’m hesitant to say this, but I think we’ll do it this year.” This comes after the company faced margin pressure due to aggressive price cuts. Tesla hopes that self-driving technology will generate significant profits.
Musk went on to say that the trial version of what Tesla calls Full Self-Driving (FSD) software will be “two steps forward, one step back between releases,” but the trend is very clear toward full self-driving, toward full autonomy.”
Tesla said the technology requires driver supervision. The technology has received legal and regulatory attention following crashes.
According to Zachary Kirkhorn, Tesla’s chief financial officer, auto margin in the first quarter was burned not only by price cuts, but also by higher deferred revenue for FSD software and that “this deferral should be recognized once some of the software is catching up.” makes”.
Guidehouse Insights analyst Sam Abuelsamid said Tesla is making some changes to the car’s hardware, temporarily disabling some FSD features on newer vehicles.
Tesla sells FSD software as an option for as much as $15,000.
Late last year, Tesla removed sensors from Model 3 and Model Y cars. Tesla said the “smart calling” and “auto-park” features would be temporarily unavailable.
“We have this unique strategic advantage,” Musk said. “We are making a car that, if the autonomy is achieved, will be worth much more in the future than it is now.”
Tesla could launch a self-driving technology
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