{"id":39046,"date":"2023-07-22T08:14:09","date_gmt":"2023-07-22T12:14:09","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/teslas-elon-musk-optimistic-on-progress-for-self-driving-robots\/"},"modified":"2023-07-22T08:14:11","modified_gmt":"2023-07-22T12:14:11","slug":"teslas-elon-musk-optimistic-on-progress-for-self-driving-robots","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=39046","title":{"rendered":"Tesla’s Elon Musk optimistic on progress for self-driving, robots"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: A Tesla logo is seen on a wheel rim during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS\/Aly Song\/<\/span>
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By Abhirup Roy<\/p>\n

SAN FRANCISCO (Reuters) – Tesla (NASDAQ:) Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and using humanoid robots in factories, though he acknowledged he’s been optimistic before.<\/p>\n

The electric vehicle maker is in early talks with a major automaker to license its full self-driving technology, Musk added.<\/p>\n

The value of Tesla vehicles would rise in perhaps “the single biggest step change in history” once regulators approved self-driving, he said at an earnings briefing. Musk has also said that Tesla robots, in pilot phase, could become a huge product. He said they could help out on Tesla’s factory floors as soon as next year, although only about 10 have been built to date.<\/p>\n

Rising interest rates and competition from new EV makers have forced Tesla to cut vehicle prices to gain market share, hurting margins.<\/p>\n

But Musk said Tesla will keep pushing to expand sales volume at the cost of profit margins, betting on the long-term value from FSD. “Autonomy will make all of these numbers look silly,” he said.<\/p>\n

Tesla’s move to license its technology comes after years of failed promises by many to create software that lets cars drive themselves.<\/p>\n

The licensing announcement was not surprising, given industry failures, Ark Invest’s Tasha Keeney said on Twitter. “Autonomy is hard, it requires vast amounts of data, and I believe many automakers will fail to achieve it on their own.”<\/p>\n

Tesla has completed over 300 million miles in the beta version of FSD, over half of which was in the past quarter, according to an earnings presentation.<\/p>\n

But Musk was more cautious than usual.<\/p>\n

“People have sort of made fun of me and perhaps quite fairly have made fun of me, my predictions about achieving full self-driving have been optimistic in the past,” he said.<\/p>\n

“I’m the boy who cried FSD, but I think we’ll be better than human by the end of this year,” he said. “I’ve been wrong in the past, I may be wrong this time.”<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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