Tesla to Launch Self-Drive Cars
The CEO of Tesla, Elon Musk, is likely to launch Self Drive EV Car technology this year to generate massive profits that will reduce some margin pressure from the company due to aggressive price cuts. He also said on the 19th April Conference call with hesitation. We will do it this year.
Also, he said, The test version of the fully Self Drive Tesla software is two steps ahead and one step back between releases, but the trend is straightforward toward self-driving with complete freedom.
The current Full Self-Driving has drawn legal and regulatory observations after crashes. The company also said we didn’t make driverless technology. It requires the driver’s supervision.
The Financial Chief of Tesla, Zachary Kirkhorn, said that the company margin was reduced in the first quarter by pricing cutting and increased the delay in revenue for FSD software.
Tesla used to sell FSD software as an option for $15,000. However, in 2022 company removed ultrasonic sensors from Model 3 and Model Y cars and announced some features were unavailable for some time—the features like smart summons and auto park.
Elon Musk said m we have a brilliant plan advantage and are making a car with autonomy. If we remove it, it will be worth a lot more than now in the future.