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Posts Tagged ‘autopilot’

Three Quarters of Americans “Too Afraid to Ride” in Self-Driving Vehicles

As more problems reported, acceptance declines, finds new AAA study.

by on May.23, 2018

A fatal March crash involving a Tesla Model S in Mountain View, California. Pic courtesy KTVU.

They’re expected to flood our roads by the millions over the next decade, and Congress is currently working on legislation that would expand testing on public roads – but a new AAA study reveals that the American public is, if anything, growing more concerned about the safety of autonomous and fully driverless vehicles.

Nearly two-thirds of U.S. drivers would be “afraid” to ride in one today, up from 63% when the AAA last polled American motorists in late 2017. The decline in confidence appears to follow an array of incidents involving prototype autonomous vehicles, including the first-known fatal crash near Phoenix when a hands-free SUV being tested by Uber slammed into a pedestrian.

Safety First!

“Despite their potential to make our roads safer in the long run, consumers have high expectations for safety,” said Greg Brannon, AAA’s director of Automotive Engineering and Industry Relations. “Our results show that any incident involving an autonomous vehicle is likely to shake consumer trust, which is a critical component to the widespread acceptance of autonomous vehicles.”

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Musk Looks Beyond Model 3 Problems, But Creates Some Headaches in the Process

CEO talks future product, factories – but still sends stock plunging.

by on May.03, 2018

Forget those earnings numbers. Tesla CEO Elon Musk was far more interested in talking about future products, the next-gen Roadster shown here.

Tesla CEO Elon Musk is not one to suffer fools – or critics – lightly, as he proved during a 75-minute teleconference call following the release of the automaker’s first-quarter earnings report on Wednesday evening.

The South African-born executive attempted to put a positive spin on what was Tesla’s worst-ever quarterly deficit, promising future earnings while also revealing plans for new factories, new products and a new, fully hands-free version of the Autopilot system. But Musk also offered a harsh assessment of some of the reporters on the earnings call, while repeatedly cutting off analysts looking for long-term financial projections that he dismissed as “boring.”

Tesla News!

“These questions are so dry, they’re killing me,” he interjected before dismissing one analyst’s questions. Musk later shifted his disdain to reporters, at one point suggesting that by questioning the safety of Tesla’s current, semi-autonomous version of Autopilot, reporters might convince drivers to turn it off “and then die.”

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Despite Record Loss, Investors See Silver Lining Pockets in Tesla’s Q1 Earnings

Revenues beat expectation, loss narrower than forecast – but troubles remain.

by on May.02, 2018

Tesla CEO Elon Musk has taken to sleeping at the Fremont plant hoping to drive improvements in quality and production levels.

Tesla managed to beat Wall Street expectation on Wednesday, even as it reported the biggest loss in the company’s history.

But revenues exceeded expectations and the loss was actually less than anticipated, while the Silicon Valley automaker noted that production of the critical Model 3 battery-sedan reached 2,270 in the week prior to a temporary shutdown of the Fremont, California assembly plant last month. That’s up from barely 2,000 at the end of the first quarter.

Dig Deeper!

“The thing I’m most excited about is the rapid increase in output,” said Musk during a Wednesday afternoon conference call with analysts and reporters. “Production is improving dramatically, exponentially, in fact.”

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Wall Street Waiting for Tesla Earnings as Automaker Burns Through Cash

The big question: will Tesla need a new cash infusion?

by on May.01, 2018

Tesla is losing about $6,500 a minute - or about as much as a Model 3 costs in the time it takes to read this story.

Whether you’re someone who sees the glass as half-full or half-empty, there’s plenty to ponder as Tesla prepares to reveal its first-quarter earnings on Wednesday.

The California battery-carmaker saw a big surge in production of its critical new Model 3 during the January to March period – but still fell 20% short of its target. Nonetheless, that was expected to have pushed revenues up 16.5% during the quarter, to $3.14 billion, according to Zacks Consensus Estimates. But with the automaker struggling to get things running smoothly at its Fremont, California assembly plant, quarterly earnings are expected to plunge 153.4%, year-over-year, with Tesla running a per-share deficit of $3.37.

Beyond the Headlines!

Short-sellers seem to be the ones with the biggest smiles these days, as Tesla’s worsening cash burn problem leaves investors wary and worried that the carmaker may soon have to beg Wall Street for money to keep its operations going.

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Honda Jumping into Semi-Autonomous Car Pool in 2020

Maker plans some form of self-driving vehicle in five years.

by on Oct.22, 2015

Starting in 2020, buyers wanting a semi-autonomous Honda can trek to their nearest dealership and plunk down some cash to get one.

The self-driving car field just got a little more crowded as Honda announced today it will sell a vehicle with automated highway driving capabilities sometime around 2020.

Without elaborating on the actual capabilities of the vehicle, Honda may be a bit behind or leaps ahead. If the vehicle is completely autonomous, then it would jump ahead of other automakers like Tesla, which recently introduced its autopilot program, Mercedes and Audi, which have limited capability vehicles available right now as well.

The Future is Now!

General Motors is planning to introduce its model year 2017 Cadillac CT6 flagship with its “Super Cruise” autonomous technology, but it won’t be fully self-driving when introduced. GM is readying to test a self-driving fleet of its Chevy Volt hybrids around its tech center campus in Warren, Michigan. (more…)