Tesla Motors (TSLA) late Wednesday delivered its much-anticipated revised master plan, broadening the company’s focus away from just automobiles and toward becoming a one-stop shop for various green energy endeavors. Both the driver and the Model S in autonomous mode failed to pick up on a tractor trailer turning left in front of them, which led to the May 7 death of Joshua Brown in Florida. He did not elaborate on how the merger of the two companies would be accomplished in his blog post, but said the goal was better integration of solar power and Tesla’s Powerwall energy-storage battery packs. “Enable your auto to make money for you when you aren’t using it”. Meanwhile, the Silicon Valley company has already made a proposal to acquire solar panel company, SolarCity, which is co-chaired by Elon Musk. The National Highway Traffic Safety Administration has been carrying out an investigation on the safety of the Autopilot system.
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“In cities where demand exceeds the supply of customer-owned cars, Tesla will operate its own fleet, ensuring you can always hail a ride from us no matter where you are”, said Musk.
Musk has said in tweets and public statements that an element of his strategy will involve linking Tesla’s electric vehicles to solar power products and services offered by SolarCity Corp, a solar energy company he is chairman of. “Once we get to the point where Autopilot is approximately 10 times safer than the United States vehicle average, the beta label will be removed”. This goal probably won’t include a auto that’s cheaper than the Model 3, though, due to another part of the Master Plan: a way to share your Tesla vehicle and make money doing so.
He said Autopilot is still in “beta” testing mode, a term the company uses to decrease complacency for drivers and imply that the system will continue to be refined. But he said Autopilot went through extensive internal testing before it was introduced with a software update last October. But Tesla’s shares are up just 4 percent. Tesla proposed buying SolarCity last month for up to $2.5 billion.
– Elon Musk (@elonmusk) July 19, 2016 Finishing off the plan while listening to the soundtrack from Gatsby. Tesla delivered 50,580 vehicles a year ago. He also defended the “beta” label used by Tesla since the system was launched a year ago.
Tesla shares rose 1.4 per cent in trading Wednesday, ahead of Musk’s announcement. On Tuesday, Mr. Musk Tweeted: “Will be working at Tesla on Autopilot & Model 3 today, then aiming to pull an all-nighter and complete the master product plan”.
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Additionally, Musk revealed that Tesla has begun work on vehicles in other “major forms of terrestrial transport”, namely heavy trucks and mass-transit vehicles.
