So Tesla just dropped a big announcement. The reaction to Tesla’s stock was, in a word, mediocre. However, it could be that investors had overlooked something substantive.
Investors and analysts looked for explicit information about forthcoming automobiles such as the long-awaited Cybertruck and a less costly one.
Elon Musk declared that, if he is correct, Tesla stock (ticker: TSLA) could significantly improve the entire automotive industry. Unfortunately, the general public were not able to access electric vehicles.
Investors may have overlooked something significant. However, the overall reaction to it was, ah, not great.
Investors and analysts were requesting precise information regarding the upcoming models such as the much-anticipated Cybertruck and a cheaper version.
Although the masses didn’t get their hopes up for EV’s, Tesla’s CEO Elon Musk did make a very important statement. If he turns out to be correct, then Tesla (ticker: TSLA) could significantly improve the entire automobile industry for the better.
The utilization of technology has become increasingly prominent in our modern society. That’s even with more and more individuals relying on it for everyday activities.
Nowadays, it is not uncommon for people to rely on technology for a variety of tasks. That’s from communication and entertainment to work and education. Technology has also become an integral part of our lives, and its presence is only expected to grow in the future.
Tesla may have just put its toe into the water for autonomous vehicles (AV). The company revealed a new solution for self-driving vehicles that could also be used to deliver cargo, a first for commercial vehicles.
“Self-driving trucks will be a reality in the next decade, and Tesla is serious about getting into it sooner than later,” Vinay Gupta, partner at Accenture and former head of products at PepsiCo, said in an interview with CNBC.
Skepticism remains over whether Tesla will ever deliver a self-driving truck. If it does, it will probably be a remote-controlled one, an analyst told CNBC. Last month, Tesla said it would begin testing its self-driving hardware this month with a small group of employees. It then plans to open up its massive data warehouse to partners in the coming months.
The company didn’t say how soon it might test a truck on public roads. But it has already taken steps toward that goal. Tesla said last year that it had begun retrofitting trucks with the hardware required to be converted into autonomous vehicles.