This self-driving start-up wants to do more than just deliver groceries to your doorstep

Users who download the AutoX app on their mobile phones can place orders for fresh produce and other goods. The company’s aim is to “democratize autonomy” and make self-driving cars universally applicable in areas such as logistics, transportation and delivery, according to Jianxiong Xiao, founder and CEO at AutoX. “For us, we’re creating an (artificial intelligence) platform,” Xiao told told CNBC’s Martin Soong on Tuesday. Those vehicles can transport human beings (and) can do delivery of goods


Users who download the AutoX app on their mobile phones can place orders for fresh produce and other goods. The company’s aim is to “democratize autonomy” and make self-driving cars universally applicable in areas such as logistics, transportation and delivery, according to Jianxiong Xiao, founder and CEO at AutoX. “For us, we’re creating an (artificial intelligence) platform,” Xiao told told CNBC’s Martin Soong on Tuesday. Those vehicles can transport human beings (and) can do delivery of goods
This self-driving start-up wants to do more than just deliver groceries to your doorstep Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, xiao, platform, selfdriving, wants, delivery, told, power, goods, cars, autox, groceries, doorstep, startup, deliver, vehicles


This self-driving start-up wants to do more than just deliver groceries to your doorstep

AutoX CEO: We want to ‘democratize’ self-driving cars 12:58 AM ET Tue, 23 April 2019 | 02:41

Self-driving cars are still a relatively new concept that’s being tested, but one start-up, AutoX, is thinking ahead and looking for different ways autonomous vehicles can be used.

Last year, the company launched a grocery delivery pilot program in San Jose, California. Users who download the AutoX app on their mobile phones can place orders for fresh produce and other goods. Those items will be delivered to them by one of AutoX’s driverless cars.

The company’s aim is to “democratize autonomy” and make self-driving cars universally applicable in areas such as logistics, transportation and delivery, according to Jianxiong Xiao, founder and CEO at AutoX.

“For us, we’re creating an (artificial intelligence) platform,” Xiao told told CNBC’s Martin Soong on Tuesday.

“That can power different vehicles. Those vehicles can transport human beings (and) can do delivery of goods,” he said at the Credit Suisse Global Supertrends Conference in Singapore. “We’re not choosing the vertical segment, but we’re providing the AI platform that can power all these self-driving cars.”

AutoX has raised around $43 million in funds, according to Crunchbase data. It includes an investment from China’s Dongfeng Motor Group.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, xiao, platform, selfdriving, wants, delivery, told, power, goods, cars, autox, groceries, doorstep, startup, deliver, vehicles


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Tesla upgrades Model S and Model X cars, brings back cheaper variants

Tesla, struggling with delay in delivery of its higher-priced Model S and X luxury cars, said on Tuesday it will bring back lower-priced options for those cars and roll out upgrades to improve their driving range and re-charging speed. Tesla has since said it will keep higher-volume stores open, while announcing a 3 percent price increase on some models. With the upgrades, the long-range version of Model S and X can now travel 370 miles (595.5 km) and 325 miles, respectively, on the U.S. Environ


Tesla, struggling with delay in delivery of its higher-priced Model S and X luxury cars, said on Tuesday it will bring back lower-priced options for those cars and roll out upgrades to improve their driving range and re-charging speed. Tesla has since said it will keep higher-volume stores open, while announcing a 3 percent price increase on some models. With the upgrades, the long-range version of Model S and X can now travel 370 miles (595.5 km) and 325 miles, respectively, on the U.S. Environ
Tesla upgrades Model S and Model X cars, brings back cheaper variants Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: vivek prakash, afp, getty images
Keywords: news, cnbc, companies, upgrades, cheaper, brings, model, stores, variants, cars, respectively, range, vehicle, tesla


Tesla upgrades Model S and Model X cars, brings back cheaper variants

Tesla, struggling with delay in delivery of its higher-priced Model S and X luxury cars, said on Tuesday it will bring back lower-priced options for those cars and roll out upgrades to improve their driving range and re-charging speed.

The company, striving to improve margins and post a profit later this year, has laid off workers including about half of the team hired to deliver cars in the United States, and said it would close stores to lower costs.

Tesla has since said it will keep higher-volume stores open, while announcing a 3 percent price increase on some models.

The upgrades include a new drivetrain design and a new adaptive suspension system, increasing each vehicle’s driving range, the company said in a blog post ahead of its first-quarter results on Wednesday.

With the upgrades, the long-range version of Model S and X can now travel 370 miles (595.5 km) and 325 miles, respectively, on the U.S. Environmental Protection Agency cycle.

The lower-priced options, or the ‘standard range’ versions, of Model X and Model S were available for purchase on Tesla’s website after Tuesday’s announcement for $83,000 and $78,000, respectively. Estimated delivery of both cars was set for May.

Earlier in April, Tesla reported fewer-than-expected vehicle deliveries in the first quarter, with figures for the Model S sedans and Model X SUVs more-than-halving compared with the preceding quarter.

The Silicon Valley carmaker has faced a range of challenges over the past year as one of the leaders in electric vehicle technology sought to ramp up production, deliveries and sales of the Model 3 sedan seen as crucial to its long-term profitability.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: vivek prakash, afp, getty images
Keywords: news, cnbc, companies, upgrades, cheaper, brings, model, stores, variants, cars, respectively, range, vehicle, tesla


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This self-driving start-up wants to do more than just deliver groceries to your doorstep

Users who download the AutoX app on their mobile phones can place orders for fresh produce and other goods. The company’s aim is to “democratize autonomy” and make self-driving cars universally applicable in areas such as logistics, transportation and delivery, according to Jianxiong Xiao, founder and CEO at AutoX. “For us, we’re creating an (artificial intelligence) platform,” Xiao told told CNBC’s Martin Soong on Tuesday. Those vehicles can transport human beings (and) can do delivery of goods


Users who download the AutoX app on their mobile phones can place orders for fresh produce and other goods. The company’s aim is to “democratize autonomy” and make self-driving cars universally applicable in areas such as logistics, transportation and delivery, according to Jianxiong Xiao, founder and CEO at AutoX. “For us, we’re creating an (artificial intelligence) platform,” Xiao told told CNBC’s Martin Soong on Tuesday. Those vehicles can transport human beings (and) can do delivery of goods
This self-driving start-up wants to do more than just deliver groceries to your doorstep Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, autox, startup, groceries, xiao, delivery, cars, vehicles, goods, deliver, told, doorstep, power, wants, selfdriving, platform


This self-driving start-up wants to do more than just deliver groceries to your doorstep

AutoX CEO: We want to ‘democratize’ self-driving cars 12:58 AM ET Tue, 23 April 2019 | 02:41

Self-driving cars are still a relatively new concept that’s being tested, but one start-up, AutoX, is thinking ahead and looking for different ways autonomous vehicles can be used.

Last year, the company launched a grocery delivery pilot program in San Jose, California. Users who download the AutoX app on their mobile phones can place orders for fresh produce and other goods. Those items will be delivered to them by one of AutoX’s driverless cars.

The company’s aim is to “democratize autonomy” and make self-driving cars universally applicable in areas such as logistics, transportation and delivery, according to Jianxiong Xiao, founder and CEO at AutoX.

“For us, we’re creating an (artificial intelligence) platform,” Xiao told told CNBC’s Martin Soong on Tuesday.

“That can power different vehicles. Those vehicles can transport human beings (and) can do delivery of goods,” he said at the Credit Suisse Global Supertrends Conference in Singapore. “We’re not choosing the vertical segment, but we’re providing the AI platform that can power all these self-driving cars.”

AutoX has raised around $43 million in funds, according to Crunchbase data. It includes an investment from China’s Dongfeng Motor Group.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, autox, startup, groceries, xiao, delivery, cars, vehicles, goods, deliver, told, doorstep, power, wants, selfdriving, platform


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NY auto show previews Tesla’s competition with more than 40 electric cars

It wouldn’t be much of a stretch to call this year’s New York International Auto Show “electrifying,” not when you consider that more than 40 vehicles using some form of electric power are on display at the Jacob Javits convention center. That includes not only conventional hybrids such as the Toyota Prius, but a long list of more advanced technologies, including plug-in hybrids and pure battery-electric vehicles. And automakers as diverse as Ford, Hyundai and Daimler AG announced plans to roll


It wouldn’t be much of a stretch to call this year’s New York International Auto Show “electrifying,” not when you consider that more than 40 vehicles using some form of electric power are on display at the Jacob Javits convention center. That includes not only conventional hybrids such as the Toyota Prius, but a long list of more advanced technologies, including plug-in hybrids and pure battery-electric vehicles. And automakers as diverse as Ford, Hyundai and Daimler AG announced plans to roll
NY auto show previews Tesla’s competition with more than 40 electric cars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: paul a eisenstein, adam jeffery, anadolu agency, getty images, tesla via reuters, bloomberg, source
Keywords: news, cnbc, companies, hybrids, using, theres, previews, yearsthe, teslas, auto, toyota, ny, vehicles, tremendous, 40, electric, wouldnt, york, trade, competition, cars


NY auto show previews Tesla's competition with more than 40 electric cars

It wouldn’t be much of a stretch to call this year’s New York International Auto Show “electrifying,” not when you consider that more than 40 vehicles using some form of electric power are on display at the Jacob Javits convention center.

That includes not only conventional hybrids such as the Toyota Prius, but a long list of more advanced technologies, including plug-in hybrids and pure battery-electric vehicles. And automakers as diverse as Ford, Hyundai and Daimler AG announced plans to roll out dozens more of those plug-based models over the next several years.

“The industry is going through tremendous change, and there’s no better example of that than the number of electrified vehicles now coming to market,” said Mark Schienberg, head of the Greater New York Automobile Dealers Association, the trade group that organizes the annual show in New York that runs through Sunday.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: paul a eisenstein, adam jeffery, anadolu agency, getty images, tesla via reuters, bloomberg, source
Keywords: news, cnbc, companies, hybrids, using, theres, previews, yearsthe, teslas, auto, toyota, ny, vehicles, tremendous, 40, electric, wouldnt, york, trade, competition, cars


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Why the Japanese don’t buy American cars

But industry observers chalk the admittedly glaring disparity up to the unique characteristics of the Japanese auto market: American firms don’t really make cars that suit Japanese tastes, Americans have not invested in a dealership presence in the country, and many Japanese consumers have a persistent, if outdated, idea that American vehicles are unreliable and inefficient. Roughly 40 percent of the cars sold in Japan are a special class of extra small cars call Kei cars. Although U.S. autos ar


But industry observers chalk the admittedly glaring disparity up to the unique characteristics of the Japanese auto market: American firms don’t really make cars that suit Japanese tastes, Americans have not invested in a dealership presence in the country, and many Japanese consumers have a persistent, if outdated, idea that American vehicles are unreliable and inefficient. Roughly 40 percent of the cars sold in Japan are a special class of extra small cars call Kei cars. Although U.S. autos ar
Why the Japanese don’t buy American cars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: robert ferris
Keywords: news, cnbc, companies, japan, japanese, jeep, cars, small, market, dont, american, sold, vehicles, brands, buy


Why the Japanese don't buy American cars

You stand very little chance of seeing an American car on a Japanese road, but if you do, there is a good chance it is a Jeep Wrangler.

While Japanese brands fill U.S. roads and parking lots, American automakers have all but given up on selling cars in Japan — despite the fact that it remains the world’s third-largest car market.

President Donald Trump has called it unfair, as has the American Automotive Policy Council, which represents the three big U.S. auto manufacturers: General Motors, Ford and Fiat Chrysler.

But industry observers chalk the admittedly glaring disparity up to the unique characteristics of the Japanese auto market: American firms don’t really make cars that suit Japanese tastes, Americans have not invested in a dealership presence in the country, and many Japanese consumers have a persistent, if outdated, idea that American vehicles are unreliable and inefficient.

Roughly 40 percent of the cars sold in Japan are a special class of extra small cars call Kei cars. Nearly all of those are sold by Japanese brands, such as Suzuki and Daihatsu. Japan is a crowded country, and drivers like the convenience and efficiency of small vehicles that are easy to maneuver on narrow streets or fit into tight parking spaces.

“In Japan, there is a different market and different consumer,” said Kristin Dziczek, vice president of industry, labor & economics at the Center for Automotive Research. Although U.S. autos aren’t taxed going into Japan, American cars aren’t made for Japanese consumers. “We are giving them our off-cast, things we make for the North American consumer that we hope we can then sell in other markets.”

Japanese automakers are so adept at serving their home turf that about 95 percent of the cars on Japanese roads are Japanese makes. Imports make up the balance, and most of those are European luxury vehicles or sports cars.

Mercedes-Benz, BMW and Volkswagen, including Audi, all sell tens of thousands of cars in Japan each year. While that is still a pretty small number compared with the overall local market and other major markets, it isn’t nothing, said Tokyo-based CLSA analyst Christopher Richter.

American carmakers “don’t really try,” Richter said. Ford left Japan entirely in 2017. GM sold only about 700 cars there in 2018.

The trouble for American brands is that it is tough to compete against comparable Japanese vehicles without differentiating themselves in some way, he said.

That is perhaps what accounts for the popularity of Fiat Chrysler’s Jeep brand. Almost invariably, the Jeeps that Richter sees in Japan are Wranglers, which is the model perhaps most emblematic of the brand and the rugged, outdoor American lifestyle it symbolizes. The Jeep brand has a strikingly strong image abroad, said Rebecca Lindland, an independent auto analyst.

“If you think about some of the most powerful, well respected, and well-liked brands in that world, I would say Jeep is a dark horse in that race,” she said.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: robert ferris
Keywords: news, cnbc, companies, japan, japanese, jeep, cars, small, market, dont, american, sold, vehicles, brands, buy


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Elon Musk celebrates flawed Tesla Autonomy Day with employee email

To reach a million robotaxis in 2020, Tesla would have to continue producing cars near the high-end of its previous guidance. Finally, owners would have to agree to let their cars participate in a Tesla robotaxi network. Musk said the company expected that a Tesla would be able to complete a hands-free trip across the US by late 2017. It was more geared to the autonomy world as Musk is telling technologists ‘don’t forget about Tesla,’ with Waymo and Uber getting a ton of credit.” Tesla stock tra


To reach a million robotaxis in 2020, Tesla would have to continue producing cars near the high-end of its previous guidance. Finally, owners would have to agree to let their cars participate in a Tesla robotaxi network. Musk said the company expected that a Tesla would be able to complete a hands-free trip across the US by late 2017. It was more geared to the autonomy world as Musk is telling technologists ‘don’t forget about Tesla,’ with Waymo and Uber getting a ton of credit.” Tesla stock tra
Elon Musk celebrates flawed Tesla Autonomy Day with employee email Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: lora kolodny, frederic j brown, afp, getty images, patrick t fallon, bloomberg
Keywords: news, cnbc, companies, drive, company, selfdriving, car, employee, musk, email, flawed, tesla, elon, day, celebrates, autonomy, cars, vehicles, robotaxi, driving


Elon Musk celebrates flawed Tesla Autonomy Day with employee email

In 2018, ride-hailing trade publication Ridester found that human drivers working 40 hours a week for the likes of Uber or Lyft make annual salaries of about $31,000 before vehicle expenses, and about $20,000 after expenses but before taxes in the US.

Those people are driving cars already deemed street legal, and picking up fares in major cities and at airports where local laws have been, for the most part, hashed out authorizing them to drive there.

Meanwhile, the company has produced only about 600,000 cars to date. Not all of them are still on the road.

Tesla said in its fourth-quarter earnings release that it was aiming to deliver 360,000 to 400,000 vehicles in 2019, about 45 percent to 65 percent more than its deliveries last year.

To reach a million robotaxis in 2020, Tesla would have to continue producing cars near the high-end of its previous guidance. Then, the majority of those cars would have to get the necessary software updates to reach Full Self-Driving status, which currently costs $5,000 when customers order the car or $7,000 as an upgrade if added after delivery, although these prices could change over time. Finally, owners would have to agree to let their cars participate in a Tesla robotaxi network.

Meanwhile, truly driverless vehicles do not yet exist. Tesla doesn’t sell one. Neither does any other company.

Deutsche Bank analyst Emmanual Rosner, who took a test drive of the vehicles Tesla showed on Tuesday, was skeptical, writing, “Throughout the ride, the car performed relatively well but experienced a few rough maneuvers and had one disengagement where it failed to recognize cones blocking off some parked vehicles on the side of the road.”

He continued, “Given our own test ride still faced issues despite being on a pre-planned course and under relatively simple road conditions, we believe the company’s targeted timeline for both full self-driving and its robotaxi service is at the very least aggressive. Ultimately, we still wonder whether Tesla can even solve the large challenges of fully autonomous driving with its vision-based approach alone.”

Musk has made grandiose promises about self-driving before.

In October 2016, Musk touted Tesla’s second-generation autonomous driving hardware, saying that system could power full level 5 autonomy in his company’s cars — that means the car could drive in all conditions with zero human attention. Musk said the company expected that a Tesla would be able to complete a hands-free trip across the US by late 2017. As of April 2019, Tesla has not demonstrated any of its vehicles completing such a trip, although self-driving pioneer Anthony Levandowski says a car from his new start-up accomplished the task last December.

Analysts were generally skeptical. Cowen analysts wrote, “The Tesla Network robotaxi plans seemed half baked, with the company appearing toeither not have answers to or not even considered pretty basic question on the pricing,insurance liability, or regulatory and legal requirements.”

Even some historical Tesla bulls were not swayed by the presentation.

Dan Ives, Managing Director of Wedbush Securities said, “The presentation was more visionary and lacked the details the Street wants to know which is key to credibility. It was more geared to the autonomy world as Musk is telling technologists ‘don’t forget about Tesla,’ with Waymo and Uber getting a ton of credit.”

Tesla stock traded down about 4% on Monday, and ticked up by less than a point in mid-day trading on Tuesday. The stock is down about 30% from its most recent peak in December, and down about 9% from a year ago.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: lora kolodny, frederic j brown, afp, getty images, patrick t fallon, bloomberg
Keywords: news, cnbc, companies, drive, company, selfdriving, car, employee, musk, email, flawed, tesla, elon, day, celebrates, autonomy, cars, vehicles, robotaxi, driving


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Elon Musk celebrates flawed Tesla Autonomy Day with employee email

To reach a million robotaxis in 2020, Tesla would have to continue producing cars near the high-end of its previous guidance. Finally, owners would have to agree to let their cars participate in a Tesla robotaxi network. Musk said the company expected that a Tesla would be able to complete a hands-free trip across the US by late 2017. It was more geared to the autonomy world as Musk is telling technologists ‘don’t forget about Tesla,’ with Waymo and Uber getting a ton of credit.” Tesla stock tra


To reach a million robotaxis in 2020, Tesla would have to continue producing cars near the high-end of its previous guidance. Finally, owners would have to agree to let their cars participate in a Tesla robotaxi network. Musk said the company expected that a Tesla would be able to complete a hands-free trip across the US by late 2017. It was more geared to the autonomy world as Musk is telling technologists ‘don’t forget about Tesla,’ with Waymo and Uber getting a ton of credit.” Tesla stock tra
Elon Musk celebrates flawed Tesla Autonomy Day with employee email Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: lora kolodny, frederic j brown, afp, getty images, patrick t fallon, bloomberg
Keywords: news, cnbc, companies, drive, company, selfdriving, car, employee, musk, email, flawed, tesla, elon, day, celebrates, autonomy, cars, vehicles, robotaxi, driving


Elon Musk celebrates flawed Tesla Autonomy Day with employee email

In 2018, ride-hailing trade publication Ridester found that human drivers working 40 hours a week for the likes of Uber or Lyft make annual salaries of about $31,000 before vehicle expenses, and about $20,000 after expenses but before taxes in the US.

Those people are driving cars already deemed street legal, and picking up fares in major cities and at airports where local laws have been, for the most part, hashed out authorizing them to drive there.

Meanwhile, the company has produced only about 600,000 cars to date. Not all of them are still on the road.

Tesla said in its fourth-quarter earnings release that it was aiming to deliver 360,000 to 400,000 vehicles in 2019, about 45 percent to 65 percent more than its deliveries last year.

To reach a million robotaxis in 2020, Tesla would have to continue producing cars near the high-end of its previous guidance. Then, the majority of those cars would have to get the necessary software updates to reach Full Self-Driving status, which currently costs $5,000 when customers order the car or $7,000 as an upgrade if added after delivery, although these prices could change over time. Finally, owners would have to agree to let their cars participate in a Tesla robotaxi network.

Meanwhile, truly driverless vehicles do not yet exist. Tesla doesn’t sell one. Neither does any other company.

Deutsche Bank analyst Emmanual Rosner, who took a test drive of the vehicles Tesla showed on Tuesday, was skeptical, writing, “Throughout the ride, the car performed relatively well but experienced a few rough maneuvers and had one disengagement where it failed to recognize cones blocking off some parked vehicles on the side of the road.”

He continued, “Given our own test ride still faced issues despite being on a pre-planned course and under relatively simple road conditions, we believe the company’s targeted timeline for both full self-driving and its robotaxi service is at the very least aggressive. Ultimately, we still wonder whether Tesla can even solve the large challenges of fully autonomous driving with its vision-based approach alone.”

Musk has made grandiose promises about self-driving before.

In October 2016, Musk touted Tesla’s second-generation autonomous driving hardware, saying that system could power full level 5 autonomy in his company’s cars — that means the car could drive in all conditions with zero human attention. Musk said the company expected that a Tesla would be able to complete a hands-free trip across the US by late 2017. As of April 2019, Tesla has not demonstrated any of its vehicles completing such a trip, although self-driving pioneer Anthony Levandowski says a car from his new start-up accomplished the task last December.

Analysts were generally skeptical. Cowen analysts wrote, “The Tesla Network robotaxi plans seemed half baked, with the company appearing toeither not have answers to or not even considered pretty basic question on the pricing,insurance liability, or regulatory and legal requirements.”

Even some historical Tesla bulls were not swayed by the presentation.

Dan Ives, Managing Director of Wedbush Securities said, “The presentation was more visionary and lacked the details the Street wants to know which is key to credibility. It was more geared to the autonomy world as Musk is telling technologists ‘don’t forget about Tesla,’ with Waymo and Uber getting a ton of credit.”

Tesla stock traded down about 4% on Monday, and ticked up by less than a point in mid-day trading on Tuesday. The stock is down about 30% from its most recent peak in December, and down about 9% from a year ago.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: lora kolodny, frederic j brown, afp, getty images, patrick t fallon, bloomberg
Keywords: news, cnbc, companies, drive, company, selfdriving, car, employee, musk, email, flawed, tesla, elon, day, celebrates, autonomy, cars, vehicles, robotaxi, driving


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Elon Musk says Tesla robotaxis will hit the market next year

Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020. “I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.” Musk also predicted that in two years, Tesla will be making cars with no steering


Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020. “I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.” Musk also predicted that in two years, Tesla will be making cars with no steering
Elon Musk says Tesla robotaxis will hit the market next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lora kolodny, robyn beck, pool
Keywords: news, cnbc, companies, hit, market, robotaxis, cars, chips, selfdriving, tops, tesla, musk, elon, drivers, autopilot, teslas


Elon Musk says Tesla robotaxis will hit the market next year

Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020.

“I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. They won’t be “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.

Musk based his optimism on the amount of data his company is able to gather from Tesla vehicles already on the road today, which it then uses to improve its software.

All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.”

Musk also predicted that in two years, Tesla will be making cars with no steering wheels or pedals.

While the CEO repeated that Tesla will have over 1 million robotaxis on the road next year, and he expects to be “operating robotaxis next year with no one in them,” he did also warn investors, “Sometimes I am not on time, but I get it done.”

In the past, Elon Musk’s forecasts for Tesla have missed the mark. Tesla was two years late with the launch of the Model X, its first all-electric SUV. And it was two years late in delivering semi-autonomous features to eager drivers. When Tesla began to discuss its ambitions in self-driving technology in 2016, Musk said they would conduct a hands-free trip across the US by late 2017. They have yet to complete that mission.

Musk and a Tesla Director, Pete Bannon, who is a former Apple exec, showed off Tesla’s latest chips emphasizing how they were designed to process massive amounts of data quickly, without significantly heating up, or draining the vehicles’ batteries.

Bannon claimed the chips can potentially perform 7 times better than a competing product from Nvidia, in reference to its Xavier chips.

Nvidia said in a statement that Tesla misstated details about its Xavier chips, which offer 30 TOPS, a measure of processing power (not 21 TOPS as Tesla claimed). Nvidia also said Tesla’s full self-driving computers compare directly to its Drive AGX Pegasus. Tesla’s new tech can provide 144 TOPS of processing power, and the Pegasus provides 320 TOPS, Nvidia said.

New chips already in development at Tesla are likely to arrive in two years, Musk and Bannon said. The company is currently manufacturing its chips with Samsung in Austin, Texas they revealed.

Currently, Tesla offers Autopilot — an advanced driver assistance system — as a standard feature in its cars. According to the company’s website, Autopilot can automatically hold a car in its lane and accelerate or brake automatically, for example, in response to pedestrians or other cars in its way. Tesla can improve Autopilot with new features (or bug fixes) over time via over-the-air updates, as well.

In addition, Tesla sells a “Full Self-Driving,” or FSD, package for its vehicles for $5,000 or more if the software is installed after the vehicle is initially purchased.

FSD features today include “Summon,” which lets a driver call their Tesla to roll out from a parking spot to where they are standing (with no driver on board). And FSD lets drivers “Navigate on Autopilot,” automatically driving their car from a highway on-ramp to an off-ramp, making necessary lane changes along the way.

Later this year, Tesla’s website says, cars with FSD should be able to read and respond properly to traffic lights and stop signs, and drive automatically on city streets.

Even with FSD, Tesla’s cars are not considered “driverless,” meaning that they don’t meet the SAE Level 4 standard used to denote a car that could handle every aspect of driving in some conditions without any human intervention.

Tesla also cautions its drivers, “Current Autopilot features require active driver supervision and do not make the vehicle autonomous.” In other words, while tempting, drivers aren’t supposed to zone out, or drive hands-free even if they have Full Self-Driving.

Tesla and Musk have previously claimed that their cars are 40% safer than others when drivers have Autopilot engaged. A NHTSA study Tesla cited to support that claim has been debunked by independent researchers, Quality Control Systems. NHTSA has said it is reviewing QCS’ findings.

There have been at least three fatal accidents in the US involving Tesla drivers with Autopilot engaged dating back to the death of Joshua Brown in Florida in 2106.

Tesla shares barely budged during the “Autonomy Day” event, and ended down about 4% for the day.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lora kolodny, robyn beck, pool
Keywords: news, cnbc, companies, hit, market, robotaxis, cars, chips, selfdriving, tops, tesla, musk, elon, drivers, autopilot, teslas


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Elon Musk says Tesla robotaxis will hit the market next year

Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020. “I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.” Musk also predicted that in two years, Tesla will be making cars with no steering


Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020. “I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.” Musk also predicted that in two years, Tesla will be making cars with no steering
Elon Musk says Tesla robotaxis will hit the market next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lora kolodny, robyn beck, pool
Keywords: news, cnbc, companies, hit, teslas, market, tesla, elon, cars, drivers, chips, tops, selfdriving, musk, autopilot, robotaxis


Elon Musk says Tesla robotaxis will hit the market next year

Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020.

“I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. They won’t be “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.

Musk based his optimism on the amount of data his company is able to gather from Tesla vehicles already on the road today, which it then uses to improve its software.

All Tesla cars being produced today have the hardware on board that’s required for full self-driving, Musk said, promising that, “all you need to do is improve the software.”

Musk also predicted that in two years, Tesla will be making cars with no steering wheels or pedals.

While the CEO repeated that Tesla will have over 1 million robotaxis on the road next year, and he expects to be “operating robotaxis next year with no one in them,” he did also warn investors, “Sometimes I am not on time, but I get it done.”

In the past, Elon Musk’s forecasts for Tesla have missed the mark. Tesla was two years late with the launch of the Model X, its first all-electric SUV. And it was two years late in delivering semi-autonomous features to eager drivers. When Tesla began to discuss its ambitions in self-driving technology in 2016, Musk said they would conduct a hands-free trip across the US by late 2017. They have yet to complete that mission.

Musk and a Tesla Director, Pete Bannon, who is a former Apple exec, showed off Tesla’s latest chips emphasizing how they were designed to process massive amounts of data quickly, without significantly heating up, or draining the vehicles’ batteries.

Bannon claimed the chips can potentially perform 7 times better than a competing product from Nvidia, in reference to its Xavier chips.

Nvidia said in a statement that Tesla misstated details about its Xavier chips, which offer 30 TOPS, a measure of processing power (not 21 TOPS as Tesla claimed). Nvidia also said Tesla’s full self-driving computers compare directly to its Drive AGX Pegasus. Tesla’s new tech can provide 144 TOPS of processing power, and the Pegasus provides 320 TOPS, Nvidia said.

New chips already in development at Tesla are likely to arrive in two years, Musk and Bannon said. The company is currently manufacturing its chips with Samsung in Austin, Texas they revealed.

Currently, Tesla offers Autopilot — an advanced driver assistance system — as a standard feature in its cars. According to the company’s website, Autopilot can automatically hold a car in its lane and accelerate or brake automatically, for example, in response to pedestrians or other cars in its way. Tesla can improve Autopilot with new features (or bug fixes) over time via over-the-air updates, as well.

In addition, Tesla sells a “Full Self-Driving,” or FSD, package for its vehicles for $5,000 or more if the software is installed after the vehicle is initially purchased.

FSD features today include “Summon,” which lets a driver call their Tesla to roll out from a parking spot to where they are standing (with no driver on board). And FSD lets drivers “Navigate on Autopilot,” automatically driving their car from a highway on-ramp to an off-ramp, making necessary lane changes along the way.

Later this year, Tesla’s website says, cars with FSD should be able to read and respond properly to traffic lights and stop signs, and drive automatically on city streets.

Even with FSD, Tesla’s cars are not considered “driverless,” meaning that they don’t meet the SAE Level 4 standard used to denote a car that could handle every aspect of driving in some conditions without any human intervention.

Tesla also cautions its drivers, “Current Autopilot features require active driver supervision and do not make the vehicle autonomous.” In other words, while tempting, drivers aren’t supposed to zone out, or drive hands-free even if they have Full Self-Driving.

Tesla and Musk have previously claimed that their cars are 40% safer than others when drivers have Autopilot engaged. A NHTSA study Tesla cited to support that claim has been debunked by independent researchers, Quality Control Systems. NHTSA has said it is reviewing QCS’ findings.

There have been at least three fatal accidents in the US involving Tesla drivers with Autopilot engaged dating back to the death of Joshua Brown in Florida in 2106.

Tesla shares barely budged during the “Autonomy Day” event, and ended down about 4% for the day.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lora kolodny, robyn beck, pool
Keywords: news, cnbc, companies, hit, teslas, market, tesla, elon, cars, drivers, chips, tops, selfdriving, musk, autopilot, robotaxis


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Retail sales likely bounced back on expected higher spending on gasoline, cars

Consumers are expected to have spent more on gasoline and cars in March, likely pushing monthly retail sales higher after February’s surprise decline. Economists expect retail sales rose by 0.9% for the month, but 0.7% when autos are not included, according to Refinitiv data. March retail sales are scheduled to be released Thursday at 8:30 a.m. “Wage gains picked up a little bit year over year, but it’s lackluster compared to the spending growth … hourly earnings growth is lagging consumer spe


Consumers are expected to have spent more on gasoline and cars in March, likely pushing monthly retail sales higher after February’s surprise decline. Economists expect retail sales rose by 0.9% for the month, but 0.7% when autos are not included, according to Refinitiv data. March retail sales are scheduled to be released Thursday at 8:30 a.m. “Wage gains picked up a little bit year over year, but it’s lackluster compared to the spending growth … hourly earnings growth is lagging consumer spe
Retail sales likely bounced back on expected higher spending on gasoline, cars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: patti domm, beth hall, bloomberg, getty images
Keywords: news, cnbc, companies, higher, retail, growth, consumer, gdp, think, consumers, sales, cars, expected, surprise, spending, gasoline, bounced, expects, likely


Retail sales likely bounced back on expected higher spending on gasoline, cars

Consumers are expected to have spent more on gasoline and cars in March, likely pushing monthly retail sales higher after February’s surprise decline.

Economists expect retail sales rose by 0.9% for the month, but 0.7% when autos are not included, according to Refinitiv data.

The monthly sales number is being watched closely to see whether consumer spending is recovering after a string of uneven reports, including December’s sharp decline and February’s surprise drop of 0.2%. January’s sales gained 0.7%. March retail sales are scheduled to be released Thursday at 8:30 a.m. ET.

The sales report includes a key component used by economists to calculate GDP growth, scheduled to be reported next Friday for the first quarter. The retail sales report is one of the last pieces of data. First-quarter GDP looked to be barely growing early on in the period, but has gone from sub-1% to just over 2% in a few weeks.

Scott Anderson, chief economist at Bank of the West, said he expects to see a bounceback in March sales in part because because February sales were so weak.

“We think the consumer is going to slow the pace of their spending this year,” he said. “Wage gains picked up a little bit year over year, but it’s lackluster compared to the spending growth … hourly earnings growth is lagging consumer spending growth. That dynamic hasn’t changed. Consumers were really confident, spending a lot last year. They’re probably going to have to tighten their belts.”

Mark Zandi, chief economist at Moody’s Analytics, expects retail sales to be up at least 1%. “Part of that is vehicle sales. Weather is favorable so building materials supplies stores should be solid. I think it could be up at least a point, but it could be higher than that,” he said.

“Core sales [excluding autos, gasoline and building materials] are probably up 0.3%. I think the data coming out of payment processors continued to be soft in March,” he said. “Consumers are really turning cautious since the end of the year.”

Anderson said he expects GDP growth of about 2.2% for the first quarter but that number has been inflated by inventories so there could be some pay back in the second quarter.

Economists surveyed by CNBC/Moody’s Analytics rapid update had a consensus median tracking estimate of 2.1% for first-quarter growth.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: patti domm, beth hall, bloomberg, getty images
Keywords: news, cnbc, companies, higher, retail, growth, consumer, gdp, think, consumers, sales, cars, expected, surprise, spending, gasoline, bounced, expects, likely


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