World Media

Excessive automation at Tesla was a mistake: Elon Musk

Excessive automation at Tesla was a mistake: Elon Musk

According to them, because Musk didn't like the colour yellow, the factory floor did not have clearly marked pedestrian lanes, and instead had lanes painted different shades of grey.

Elon Musk's Tesla and its autonomous systems are now under a scrutiny after last month's fatal crash.

In a report via ZDNet, he has said that while he is sure autopilot cars are the future, he doubts that the technology will ever be flawless.

Musk went further on Friday in a tweeted response to a story in The Economist, which cited estimates Tesla would need $2.5 billion to $3 billion this year in additional funding.

Tesla shares, which have gained almost 10% since disclosing the Model 3 production numbers on 3 April, were up 1.8% in afternoon trading on Wall Street.

The Palo Alto auto company partly blamed the worst-ever figures on the high costs related to the production of its Model 3 electric sedan, the Los Angeles Times reported.

The significant production shortfall has delayed crucial customer deliveries. They are more anxious about whether Tesla will be able to continue to fund operations and future plans, said David Whiston, an analyst with Morningstar Inc.

Teva Pharmaceutical Industries (TEVA) Getting Somewhat Positive Media Coverage, Report Finds
Jeffrey Tannenbaum decreased its stake in Sm Energy Co (SM) by 14.79% based on its latest 2017Q4 regulatory filing with the SEC. On Friday, December 15 RBC Capital Markets maintained Teva Pharmaceutical Industries Limited (NYSE:TEVA) with "Sell" rating.

"Yes, excessive automation at Tesla was a mistake", he wrote. To be precise, my mistake.

Tesla was proud to share that the company had just wrapped up its most successful quarterly sales yet with a total figure of 34,494 vehicles sold.

A surfeit of automation introduced too quickly in Tesla's Model 3 production line may be partially to blame for delays. Part of the interview took place in a Tesla Model 3 Musk was driving with Autopilot activated at times.

Tesla has been under an increasing amount of pressure due to its failure to produce enough units of the Model 3 to meet demand. The company produced 2,020 Model 3 vehicles in a week at the end of the quarter.

A Tesla spokesperson said in a statement that the NTSB requirement to not divulge information on Autopilot "fundamentally affects public safety negatively (and) we believe in transparency, so an agreement that prevents public release of information for over a year is unacceptable". And the NTSB takes, they take a long time to complete an investigation.

Asked by CBS if there was a defect with Autopilot, Musk responded: "The system worked as described, which is that it is a hands-on system".


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