“It ain’t so,” he replied without further discussion.“This has some merit,” he said to the shareholder at the meeting at Tesla’s factory site near Austin, Texas. “We’ll try a little advertising and see how it goes.”
Musk told shareholders that the company’s “Full Self-Driving” software is getting close to where it’s safer than human driving. He previously has said the system should be ready this year, a pledge he has made for several years. During Tuesday’s meeting, Musk cautioned that the next 12 months could be challenging for the Austin-based company, largely because rising interest rates have increased the cost of buying a car.
Later on CNBC he talked about affordability of Tesla cars. “If the car payments or your home payments go up you have less money for other things,” he said.
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