Chief Executive Elon Musk said Tesla Inc robotaxis with no human drivers would b...
- Chief Executive Elon Musk said Tesla Inc robotaxis with no human drivers would be available in some markets next year thanks to exponential improvements in technology.
Musk also unveiled on Monday a microchip for self-driving vehicles that the electric car company hopes will give Tesla an edge over rivals and persuade investors its massive investment in autonomous driving will pay off. All Teslas being produced today have the new chip and the company is about halfway through the design process for the next generation chip, which would be about three times better than the current system, Musk said.
Musk took a swipe at competitors relying on Lidar, light-based sensors that are a key element in most other self-driving systems. More than $1 billion in corporate and private investment has been plowed into some 50 lidar startups over the past three years, including a record $420 million in 2018, according to a Reuters analysis of publicly available investment data in March.Musk has been the center of most Tesla presentations, but on Monday he ceded the spotlight to his top hardware and software executives.
FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song
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