Will Tesla launch Uber-like service with self-driving cars? - MarketWatch

posted on 06 Aug 2015 15:55 by gapingsilence4946
"We don't wish to set the expectation that you can easily just basically spend zero interest to what the vehicle will be doing," Musk said Wednesday.

Within its earnings statement Wednesday, Tesla beat expectations with a second-quarter loss regarding $184.3 million, or $1.45 a new share, on income associated with $1.2 billion; after adjustments, Tesla said losses were $61 million, as well as 48 cents a share.

TSLA, +1.45%

develops self-driving technology, an analyst requested Chief Executive Elon Musk any provocative query Wednesday: Will his business sell cars into a transportation service just like Uber, or even attempt to begin something similar on its own?

The insufficient a solution leaves the particular tantalizing problem open.

Morgan Stanley analyst Adam Jonas posed the particular question in order to Musk in an earnings contact Wednesday afternoon, noting that will Uber CEO Travis Kalanick provides reportedly said he would are interested Tesla's self-driving cars when they are usually released.

As Tesla Motors Inc. Your company plans to roll out probably your most advanced autonomous-driving features but this quarter: Musk said in Wednesday's contact that early testers will receive the actual features inside Tesla's Model S sedans this month, using broader release targeted for someone to 2 months later.

Those features, however, tend to be much more analogous for you to autopilot with regard to jets as compared to the type regarding self-driving technologies companies such as Google are developing.

Musk called it "an insightful question," then added, "I don't feel I should solution it."

"Sometimes a person can inform more in the non-answer compared to answer," Jonas commented.

Tesla still has a extended way to be able to will wind up in developing self-driving cars. Analysts surveyed by FactSet expected Tesla to be able to report an adjusted loss associated with 60 http://thechumslick.com cents any discuss in revenue associated with $1.19 billion.

Tesla did pull back again about Musk's projection which it would deliver 55,000 cars this year, however, bringing in which forecast right down to any range of 50,000 for you to 55,000, and shares fell concerning 6% throughout late trading after closing with a 1.5% gain at $270.13.