Though Tesla Misses Autopilot Goals, Stock Rises After Quarterly Results
Though Tesla didn’t keep the promise CEO Elon Musk made a year ago to complete its first “coast-to-coast” autonomous drive using Autopilot last year (see 1708030018), the automaker has that capability for demonstrations, he said on a Wednesday evening earnings…
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call. If Tesla were to “pick a specific route and then write code to really make that route work, we could do a coast-to-coast route drive, but that would be kind of gaming the system,” said Musk. He doesn’t want to take the team away from building on the “fundamental safety of the existing features.” It's teaching Autopilot to “do things like recognize traffic lights and stop signs and make hard right turns and that kind of thing, but it's not at the safety level that's considered OK for release,” he said. After quarterly results, the stock Thursday closed up 16 percent at $349.54.