Tesla, GM and others hyped up emerging technologies in autos

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Thread: Tesla, GM and others hyped up emerging technologies in autos

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    Tesla, GM and others hyped up emerging technologies in autos

    • In the past decade, there has been no shortage of optimism from automakers and tech companies like Uber and Lyft over two major emerging technologies: autonomous and electric vehicles.

    • After years of hype, companies in the space will look to deliver on ambitious promises in the 2020s.

    • A report by AlixPartners earlier this year estimated the industry’s spending on autonomous driving and electric vehicles will reach a cumulative $85 billion by 2025 and $225 billion by 2023, respectively.

    In October 2016, Tesla CEO Elon Musk made a bold promise: One of the company’s vehicle’s would drive itself from Los Angeles to New York by the end of 2017 in what he dubbed a demonstration of “full autonomy.”
    The trip, which received international attention, was announced in conjunction with Tesla disclosing all of its vehicles were being equipped with “full self-driving hardware” that would “be substantially safer than a human driver.” The company had previously spent a year testing the new hardware.

    But the trip never happened and now – more than three years later – Tesla’s vehicles with its Autopilot driver-assist system still require driver monitoring. The system has also been criticized for allowing for driver misuse and its role questioned in at least three fatal crashes.

    Link to CNBC
    Last edited by mbukukanyau; 12-26-2019 at 04:52 PM.

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