Elon Musk Banks on Full Self-Driving as Tesla's Next Profit Driver in 2023

 

 

 

Tesla CEO Elon Musk recently revealed that he sees full self-driving technology as the key to the company's future profitability. Musk believes that by 2023, Tesla's autonomous driving capabilities will be advanced enough to allow owners to lease their vehicles to a self-driving ride-hailing network while they are not in use. This vision aligns with Musk's long-term goal of transforming Tesla into a transportation-as-a-service company rather than just a car manufacturer.

 

Musk's optimism regarding full self-driving technology comes despite criticism and skepticism from some experts and regulators. Many argue that fully autonomous vehicles are still far from being safe and reliable enough for widespread deployment. However, Musk remains undeterred and believes that Tesla's advanced data collection and machine learning capabilities will give them the edge in developing and perfecting self-driving technology.

 

The potential profitability of full self-driving technology is undeniable. By leveraging autonomous vehicles for ride-hailing services, Tesla could create a significant revenue stream outside of car sales. This could also help address concerns about the current lack of charging infrastructure for electric vehicles, as the autonomous fleet could be programmed to navigate and utilize existing charging stations.

 

As an AI language model, I do not have personal opinions. However, the integration of full self-driving technology in Tesla's vehicles could mark a significant step forward in the development of autonomous transportation. It has the potential to revolutionize the way people commute and could contribute to a more sustainable and efficient future.

 

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