Tesla Motors Inc. (NASDAQ:TSLA) To Enable Self-Drive and Revamp Its Model S

23 Mar 2015 | Author: | No comments yet »

Elon Musk of Tesla Motors Inc (NASDAQ:TSLA) Promises To Bring Self-Driven Cars in U.S. Market By Summer.

Tesla Motors Inc (NASDAQ:TSLA) stock slipped more than 2.5% in afternoon trading on Thursday after the company’s much awaited announcement failed to meet lofty investor expectations.In an interview he took with folks over at science, pop culture and comedy radio network StarTalk, Elon Musk spoke about how curiosity and the desire to create has turned him from a 9-year old aspiring video game programer into a billionaire.The South African-born entrepreneur believes that mainstream adoption of autonomous cars will improve safety standards to such an extent that manually operating vehicles will be outlawed. Following a weekend message from the company’s CEO Elon Musk on twitter that vowed to put an end to “range-anxiety” for customers, investors had bid the share price up about 5% through Wednesday last week.

Speaking at Nvidia’s GPU Technology Conference, Musk compared future changes to the automobile industry to the way that modern elevators replaced those that had to be controlled manually. “In the distant future, [legislators] may outlaw driven cars because they’re too dangerous,” he said. “We’ll take autonomous cars for granted in quite a short time. The Company’s consolidated revenues including reimbursables decreased 45% to $27.1 million in the fourth quarter of 2014 compared to $49.2 million in 2013 due to lower activity levels for Tesla Canada and Tesla USA as many clients cut exploration budgets due to falling commodity prices.

However, contrary to the expectations of major hardware upgrades, including that of a new battery technology, Tesla merely pointed to a software upgrade that enable more auto-pilot features, and an upgraded navigation system to notify drivers of the nearest charging spot for the Model S sedan and the upcoming Model X crossover. Even though he did grow up in South Africa, Elon Musk claims he was mostly into the American pop culture, reading comic books, watching TV series and movies that would normally occupy every kid’s time in the US.

It’s going to be the default thing and it’s going to save a lot of lives.” While Musk doesn’t believe that this transition will happen within the next decade, some semiautonomous features are arriving on Tesla’s Model S cars later this year via a software update. This more than offset the increase in revenue from Tesla International which received revenue from crews operating in the UK as well as Africa and from the settlement of a contract termination in Africa.

However, as the dust settles, analysts are now contesting, that even though Thursday’s announcements push Tesla’s autonomous driving quest a little further. Where the company has seen success stories in many of its operations around the globe, especially with the high sale volumes of Model S, it has also been a target of fair amount of criticism.

However, this feature is illegal in public areas, so can only be used on private property. “To be clear, Tesla is strongly in favor of people being allowed to drive their cars and always will be. While that may not necessarily suggest Tesla is behind in the race for a truly driver-less car, it does put the company’s lofty calls of spearheading the autonomous driving revolution up for debate. Notable though, the achievement will not be entirely groundbreaking or novel, except it may allow convenient delivery “over the air” to customers and not through an advanced appointment with a dealership – the method that other mainstream automakers adopt. At that point he would start thinking on getting involved in the first three things he thought would affect humanity the most – the Internet, sustainable energy and space exploration. RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the Midcontinent region of the United States.

Before Tesla’s announcement, major auto parts supplier, Delphi Automotive PLC (NYSE:DLPH) said it was ready to send an Audi SQ5 on the longest autonomous journey ever recorded. Range Resources Corp. (NYSE:RRC) traded 4.24 million shares in the last business day while the average volume of the stock remained 2.86 million shares. This news was backed by the statement of Elon Must, the chief executive officer of Tesla Motors, whereby he mentioned that the company plans to update its Model S by providing software updates to the customers. Taking each subject into discussion, Elon first explained how he thought raising the public’s interest and excitement for a Mars mission run by NASA was the right thing to do in order for the Agency to get the proper funds for it.

The journey will help Delphi test its new Advanced Driving Assistance System (ADAS), which includes traffic block assist, auto parking and the auto highway pilot. Tesla will have to find a way to make sure that no regulation is broken, otherwise what would be a game-changing innovation, will not make it to the reality.

The company launches its product into the market by availing the first opportunity that comes its way, and it introduces updates later on in order to keep up with the pace of its fellows. As to humanity’s need for sustainable energy, Elon Musk believes that even if we were to put the global warming and the climate change aside, once we run out of petrol reserves civilization will seize to exist.

Long, 55, has held numerous positions of increasing responsibility over the course of her distinguished 32-year career in the Department of Defense and the Intelligence Community. From 2006 to 2010, she served as the Deputy Director of the Defense Intelligence Agency, and from 2003 to 2006, as Deputy Undersecretary of Defense (Intelligence) for Policy, Requirements and Resources. On the other hand, Musk claims that building more tunnels for the cars would help solve the traffic congestions in big cities, thus we don’t really need flying cars.

Washington Prime Group Inc (WPG) stated that its majority owned operating partnership subsidiary, Washington Prime Group L.P., has priced $250 million principal amount of its 3.850% senior notes due April 1, 2020. The Operating Partnership intends to use the proceeds of the offering to repay a portion of the outstanding borrowings under its current 364-day Bridge Term Loan Agreement, plus accrued and unpaid interest thereon. Koslowski believes that the most advanced autonomous driving technology – one that could allow the car to work like a robot and perform functions like pick a family member from the airport – may already be mostly available and is being readily tested by various other automakers.

He points to BMW’s recent experiment from earlier this month, where the German luxury auto brand put up its self-driving car and also a self-drifting car to successful test against the 2011 Formula Drift Champion, Dai Yoshihara. BMW – long known for its technically sophisticated auto technology – is one of the top prospects for rolling out a fully autonomous commercially viable vehicle. The feature enables the driver to step out and have the vehicle automatically search for a vacant parking spot, get parked and also be recalled to pick the driver. Technology giant Google Inc (NASDAQ:GOOGL) has also launched a prototype version of a two-seat small autonomous car with no steering wheel and no manual brakes. Daimler AG’s (OTCMKTS:DDAIF) luxury brand Mercedes-Benz has already unveiled a concept version of its fully autonomous car dubbed F015 at this year’s Consumer Electronics Show.

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