Boston, MA 09/18/2014 (wallstreetpr) – Within the forty-eight hours of Reuters Statement Regarding Tesla Motors Inc (NASDAQ:TSLA)‘s future prospects in automatic car market, the Chief Executive Officer of the company has come forward to defend his company. According to Elon Musk, TSLA can’t be put out of the future market of automatic cars, not even when Google has already started testing its first autonomous car. He said that Tesla Motors Inc (NASDAQ:TSLA) would take another 5-6 years in order to develop a fully autonomous car which will be far safer than the cars launched by other companies.
WSJ Interviews Musk:
While interviewing with WSJ, Musk said that the safety of people travelling in autonomous cars would increase by ten times in next six years. Although he seemed worried about the regulatory issues. According to him, even if technology were available with Tesla Motors Inc (NASDAQ:TSLA), it would take years to get regulatory approvals from the government. As per the information made available by the company, Tesla Motors Inc (NASDAQ:TSLA) is working on fully autonomous car in which there would be no need of the driver. Apart from producing high-end electric cars, the company is trying its best to find out a suitable technology to manufacture an autonomous car that can clear all the regulatory measures.
According to Musk, the number of autonomous vehicle parts suppliers will increase significantly in coming years as the demand of these cars will touch the sky. He said that the ability of a computer to recognize the objects in front of it and give a quick reaction would be the biggest invention in the automobile industry. If it is successfully tested, then the entire industry would transform over the next few years. He said that there were a lot of minor issues that engineers were trying to solve. As soon as the company gets the perfect solution, it will start the production of fully autonomous cars.
