Tesla Inc broadcast a web presentation to update investors about its self-driving strategy as Chief Executive Elon Musk tries to show that the electric car maker’s massive investment in the sector will pay off.
Global carmakers, large technology companies and an array of startups are developing self-driving — including Alphabet Inc’s Waymo and Uber Technologies Inc —
but experts say it will be years before the systems are ready for deployment.
Teslas still require human intervention and are not considered fully self-driving, according to industry standards.
The system has automatic steering and cruise control but requires driver attention at the wheel. Tesla has been criticised by safety groups for being unclear about the need for “hands-on” driving.
