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Elon Musk emailed employees about how great Tesla's autonomy day was, but the plan has lots of holes


Added 04-23-19 03:02:02pm EST - “The event served as a distraction from Tesla's recent operational, regulatory and financial troubles, which will be in full focus during the company's first-quarter earnings report on Wednesday.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “Elon Musk emailed employees about how great Tesla's autonomy day was, but the plan has lots of holes”. Below is an excerpt from the article.

Tesla CEO Elon Musk did what he does best on Monday when he presented bold, visionary promises that only his most loyal followers would take at face value.

Specifically, Musk gave guidance that Tesla will have a million "robotaxis" on the road next year, meaning a million truly driverless cars that can operate commercially in a ride-hailing network, generating passive income for their owners.

Promising safe, driverless cars within a year is already exceedingly optimistic. But Musk went further to say that each Tesla -- equipped with some future version of its Autopilot and Full Self-Driving software -- could generate $30,000 in gross income for owners each year if operated as a robotaxi.

That's not realistic, considering Tesla's production numbers to date and the average salary of a ride-hailing driver in the US today.

The event served as a distraction from Tesla's recent operational, regulatory and financial troubles, which will be in full focus during the company's first-quarter earnings report on Wednesday.

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