Tesla's worth is actually affected by various factors. These include its efficiency as a zero-emission vehicle, advanced features, and other upgrades.
(Photo : Photo by Justin Sullivan/Getty Images)
Tesla CEO Elon Musk speaks during an event to launch the new Tesla Model X Crossover SUV on September 29, 2015 in Fremont, California. After several production delays, Elon Musk officially launched the much anticipated Tesla Model X Crossover SUV.
But, Elon Musk said that the entire value of Tesla EVs depends if they can solve the self-driving technology. For the past few years, Tesla and other giant automakers have tried making driverless systems flawless.
However, they were not able to achieve it. Tesla's FSD (Full Self-Driving) feature still has issues that can put drivers' lives at risk.
But, Musk said that they will further focus on perfecting their self-driving tech, which can still take years.
Tesla's Worth Depends on Self-Driving, Says Elon Musk
According to Electrek's latest report, Elon Musk shared his opinion regarding the worth of Tesla in a new interview.
(Photo : Photo credit should read ROBYN BECK/AFP via Getty Images)
The touch-screen control panel of the new Tesla Model S all-electric sedan (L), at the car's unveiling in Hawthorne, California on March 26, 2009. Musk said the state-of-the-art, five-seat sedan will be the world's first mass-produced, highway-capable electric car. The car has an anticipated base price of 57,400 US dollars but will cost less than 50,000 after a federal tax credit of 7,500 dollars.
Also Read: Tesla Supercharger Network Reaches a NEW Milestone! On Its Way to 40,000 Stalls?
The YouTube channel "Tesla Owners Silicon Valley" is the one that specifically conducted the interview with the tech CEO, generating more than 80,000 views and 4,000 likes.
He said that if they can't make FSD a perfect self-driving system, then his EV company will be worthless overall.
"The overwhelming focus is on solving full self-driving. That's essential. It's really the difference between Tesla being worth a lot of money or worth basically zero," said the billionaire.
Of course, Musk is quite confident that they will be able to perfect the advanced Tesla FSD, considered the top self-driving system in the autonomous market.
If you want to see further details about the insights shared by Elon, you can watch the official interview below:
Enhancements of Tesla FSD
Clean Technica's reported that Tesla's FSD V10.12.2 offers some large enhancements, as well as more aggressive new features. These include the following:
- The ability to select the proper lane.
- Can stop at rotary entrances.
- Can go on long road trips by choosing the correct routes with no interventions.
- Can navigate through construction/traffic cones.
Meanwhile, Tesla's multibillion-dollar deal with Samsung has been secured.
On the other hand, Tesla's stocks are now cheaper, allowing more people to purchase the company's shares.
For more news updates about Tesla and other giant EV makers, always keep your tabs open here at TechTimes.
Related Article: Tesla Full Self-Driving Beta No Longer Require Safety Scores, Some Users Claims
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Written by: Griffin Davis
