Elon Musk of Tesla Motors Inc (NASDAQ:TSLA) Thinks Driving A Car Will Be Illegal Someday

Elon Musk of Tesla Motors Inc (NASDAQ:TSLA) thinks that driving a car will likely become illegal sometime in the future. His comments have started a war in the industry as what will happen to thousands of vehicles that are driven by people if something like that happens in the future.

Learn what the indicators are telling the analyst about TSLA.

What Led To It:

According to him, it would be too dangerous to drive a car on his own as there will be a lot of vehicles on the roads. According to him, nobody can afford to drive a 2-ton death machine with him when he has a chance to remain out of danger. His comments came during a tech conference that was held in San Jose, California lately. He talked about the importance of autonomous-drive vehicles in the future. Musk also talked about Telsa’s plans to use this opportunity, in the long run.

People look after Tesla as a leader in electric cars equipped with the latest technology. The prime focus of the company is to live up to those expectations. The company is looking forward to entering into autonomous-drive vehicles in order to make the best use of the prevailing market conditions.

He stated that Tesla will look forward to expanding its resources within the next couple of years. It will also implement autopilot technology to take the services to a new level. Quite a few automakers have been working on developing this technology. Various versions of this technology are expected to be launched in the near future; hence, Tesla Motors Inc (NASDAQ:TSLA) will incorporate these new vehicles in 2017-18 seasons. There is hardly any company that is focusing on this technology, which is why the scope for Tesla is unlimited.

Even though, Musk claimed that Tesla will come with such cars within next two-three years, but most of the auto experts think that an efficient autonomous car will take another 12-15 years to hit the road.

About the Author

Adam is a staff reporter for US Markets Daily Publications & Media, covering foreign affairs and domestic policy.

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