 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.685 | -0.029 | -1.06% |
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
|
Peace Sour • 6 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 6 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 6 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 6 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
|
Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
Central Banks Grapple With Inflation Threat Amid Oil Price Rally
Central Banks are reluctant to…
Small Banks Significantly Boost Loans to Oil And Gas Firms
Regional banks BOK Financial, Citizens…
Musk Makes Bold Promise On Robotaxis
Tesla’s chief executive Elon Musk expects the electric vehicle (EV) maker to have robotaxis as early as next year, the manager said at the Tesla Autonomy Investor Day on Monday.
“I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said at the presentation in Palo Alto, California.
“Not in all jurisdictions, because we won’t have regulatory approval everywhere, but I am confident we will have at least regulatory approval somewhere, literally next year,” he said.
Tesla plans a ride-sharing app of robotaxis where any customer will be able to add or remove their vehicle to the so-called ‘Tesla Network.’
“So I expect this to operate like a combination of maybe the Uber and Airbnb model,” Musk said, adding that Tesla would take 25-30 percent of the revenue.
In places where there aren’t enough shared Tesla cars, the company will have “dedicated Tesla vehicles,” he added.
Tesla said on Monday that “All Tesla cars being built today have the hardware necessary for full self-driving.” The EV maker also touted its new Full Self-Driving Chip which “is capable of processing up to 2300 frames per second”—an improvement of 21 times over previous generation hardware.
Musk, however, admitted to the audience and investors that sometimes he isn’t on time with delivering on his promises.
“Sometimes I am not on time, but I get it done,” Musk said, as carried by CNBC, which recalls that in the past, Musk has missed some timeframes that he himself had announced for Tesla regarding the launch of new products or vehicles.
Tesla will draw additional investor and analyst attention later this week when it reports Q1 figures in the afternoon on April 24.
ADVERTISEMENT
Tesla itself, as well as analysts, expect a loss for the quarter, after vehicle deliveries in Q1 slumped by 31 percent from the previous quarter, ending well below analyst estimates.
By Tsvetana Paraskova for Oilprice.com
More Top Reads From Oilprice.com:
- The Biggest Winner Of Trump’s Waiver Decision
- Why Goldman Sachs Believes Oil Won’t Go Higher
- Trump’s Hardline On Iran Catches Markets Off-Guard
Tsvetana Paraskova
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
Related posts
Open57.81
Trading Vol.6.96M
Previous Vol.241.7B
