Tesla has not reached that goal, and on Thursday, Musk is holding another event, called “AI Day,” to promote his electric car the company as the place to work for the engineers he needs to live up to his promises autonomous vehicles.
Musk has refuted some of his claims about Tesla’s system “Full Self-Driving” (FSD) in recent months, saying that Tesla cars “are not completely self-driving yet.”
U.S. security officials earlier this week opened a study of Tesla’s driver assistance systems due to accidents in which Tesla cars crashed police cars and fire trucks. Two U.S. senators also called on the Fair Trade Commission to investigate Tesla’s claims of “Full Self-Driving” and “Autopilot.”
“Expectations have been significantly reduced from investors … Tesla has been asked some more difficult questions to answer, what happens to the safety probe? And how do they market FSD?” asked Gene Munster, managing partner of venture capital firm Loup Ventures.
“I think the content of the event will be lost on investors because it’s just a nerd party.”
Conflicting views on AI
In its invitation, Tesla said that the participants in the event at. 17 Palo Alto, California, time will “get an insight into what is going to happen to AI in Tesla beyond our car fleet.” Musk said the event will be livestreamed.
Goldman Sachs said it expected Tesla to discuss AI applications for solar / storage software and advanced manufacturing at its factories.
Musk has expressed complicated and conflicting views on artificial intelligence. He has hailed Tesla’s AI as an industry leader, but also said that artificial intelligence could destroy humanity and pose greater risks than nuclear-armed North Korea.
During 2017 and 2018, Tesla struggled to increase production of Model 3 sedan in part because an ambitious factory automation project suffered disadvantages.
“Yes, excessive automation at Tesla was a mistake,” Musk tweeted in 2018. “To be exact, my mistake. People are underestimated.”
Musk is expected to reveal more about Tesla’s “Dojo” computer system on Thursday, which he said would process huge amounts of video data it collects from Tesla vehicles on the road.
Musk said the Dojo wants Tesla’s own chips and architecture.
“AI Day is truly a recruiting day for Tesla. It is not a marketing event for a vehicle, ”said Ross Gerber, CEO of investment fund Gerber Kawasaki, which owns Tesla shares.
Tesla competes with other technology companies, particularly Google, for engineers skilled in artificial intelligence systems, Gerber said.
Musk has a history of promoting technology at flashy events and then pushing back the launch date.
Last September, Musk announced an ambitious plan to produce its own battery cells that would enable Tesla to offer a $ 25,000 car in three years. But Musk subsequently canceled the longest range Model S Plaid +, which he had said would use the cells.
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