Tesla will release in the US next year a robot without a driver. This was announced on Monday by the president and founder of the company, Yelan Musk, during an online presentation. Mouse once again excites investors with their bold predictions, which often happen but with delayed deadlines, Reuters reports. Nevertheless, the company’s shares rose slightly.
In autonomous car technology, Tesla will compete with the US-based shared travel company Lyft, Google’s Waymo’s stand-alone vehicle unit, and Uber, which last week received $ 1 billion in funding. In addition, Tesla will compete with traditional taxi companies.
Presentation of Tesla
During the webcast, the company’s presentation on Monday was expected to announce Tesla losses in the last quarter due to fewer deliveries of the cheapest Model 3, which the company is trying to reach most of the market. In the presentation, Musk talked about Tesla’s progress in hardware and software developed by its best specialists, as well as the great potential of Model 3.
“The fundamental message that consumers need to understand today is that it is a financial madness to buy something other than Tesla.” Musk is firmly convinced that his company is the only one with a set of hardware devices for full self-management. During the presentation, he announced his intentions to produce robotaxies, which will be available next year.
Autonomous cars of Tesla
Tesla is working on a self-driving chip from 2016. Previously, Musk predicted that by 2018 the cars would be completely self-contained, a time the company had apparently dropped.
The main promise of Monday is the new microchip for autonomous vehicles. The chip is manufactured by Samsung Electronics in Texas. Musk expects the company to outperform its competitors in all Tesla cars and the significant costs of implementing it will be rewarded.
Musk sees Tesla’s new self-management chip as the best in the industry, outpacing competitors like Nvidia, which develops reusable chips. Tesla’s chip can make seven times more frames from the Nvidia Xavier system, says Pitt Bannon, head of the Autopilot hardware unit at Tesla. Nvidia, however, argues that the comparison is inaccurate.
Over the past three years, over 50 billion dollars of corporate and private investment have been wiped out in about 50 startup companies using Lidar, and according to a Reuters report only 2018, a record $ 420 million has been invested in non-working technology.
Mussel used the Lidar technology, which his rivals also rely on. Lidar sensors (using lasers and cameras) are a key element in most other self-management systems. But Tesla stopped using them.
“Lidar” is for the fools. And everyone who relies on Lidar is doomed, “Musk says.” Tesla’s cars use a self-management system based on cameras and radars.
Taxis of Musk
During the presentation, Mukk said that thanks to the robotaxi, the cost of transport would be reduced by between 25 and 30% on average. The price per mile is below 18 cents and will fall further, predicts Muss, compared to its competitors Uber and Lyft, where the mileage is between 2 and 3 dollars. Each vehicle will generate about $ 30,000 a year. Robots will have batteries that can withstand up to 1 million miles, writes Financial Times.
Experts say it will take years before the systems are ready for mass use and also that autonomous car manufacturers will face several regulatory barriers. But Musk predicts the following: “In a year we will have over 1 million cars with full self-management, software and everything.”
The analyst of the Wedbush investment company, Daniel Ives, sets Tesla’s ambition for robotics as “impressive,” but added that investors would be “worried about the practicality and financial implications of this venture, especially as Waymo is ahead of the competition for autonomous cars”. According to him, the more pressing problems facing the company are concerns about the demand for Model 3 and whether Tesla will seek new funding.
The US Consumer Reports magazine warned that “Tesla’s bold claims about self-driving are exaggerated and not well represented.” “The claims for Tesla’s automation and safety systems are not supported by information, and it looks like today’s presentation is for investors but not for consumer safety,” the paper writes.