logo
Plus   Neg
Share
Email

Tesla Says Robo-taxis Will Be Available Next Year

Tesla Inc. (TSLA) said that its robo-taxis will be available next year. All of its cars are being built have the hardware necessary for full self-driving.

In a presentation to investors and analysts at the company headquarters in Palo Alto, Calif., Tesla Chief Executive Elon Musk said Tesla's in-house designed chips have been installed in Model S and Model X since March and are now being used for the Model 3 vehicles.

Elon Musk claimed their in-house chip is much faster than the competing NVIDIA solution they were using. The chip is being manufactured by Samsung in Austin, Texas.

Meanwhile, Nvidia Corp. (NVDA) reportedly said that Tesla was wrong in describing its self-driving computer as more powerful than Nvidia's, which Tesla used until it began developing its own chip.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
NetApp Inc. (NTAP) Wednesday reported a fourth-quarter profit that fell short of Wall Street estimates, as revenues slipped 3 percent. Shares of the company slipped 6% in extended trading session after its first-quarter outlook was also short of current expectations. Sunnyvale, California-based NetApp... The release of $20 bill featuring Harriet Tubman, an American abolitionist and political activist, has been postponed. The redesign of the $20 bill featuring Tubman will no longer be unveiled in 2020, Treasury Secretary Steven Mnuchin said. The government was planning to unveil the redesigned $20... An analyst at Goldman Sachs Inc. has warned that Apple Inc.'s earnings could drop by 29 percent if China were to retaliate in the trade war against the U.S. with a ban on sales of Apple products in that country. The iPhone maker's China business accounted for 17.6 percent of its total sales in the recent second quarter.
Follow RTT