Tesla CEO Elon Musk says company can build a $25,000 self-driving car within three years

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Tesla CEO Elon Musk says the company can build a $25,000 self-driving car within three years.

At Tesla's 2020 shareholder's meeting, Tesla CEO Elon Musk said that the company's vehicle deliveries in 2020 would be up 30% to 40% from last year, a range that encompasses its previous prediction of 500,000 cars delivered this year.

Musk, who is well-known for exuberant promises, also predicted the company will be able to make a $25,000 full self-driving car within three years. Musk said he expects vehicle deliveries to increase by 30 to 40 percent over last year, when the companyof 367,500 vehicles. The new guidance from Musk implies deliveries of between 477,750 and 514,500 cars, a range that encompasses the company's previously stated goal to deliver half a million cars in 2020.

Musk also said the battery and manufacturing advances Tesla is working on will soon lead to lower prices, which will be vital for getting more electric vehicles on the road. "About 3 years from now, we're confident we can make a very compelling $25,000 electric vehicle that's also fully autonomous," he claimed. Musk is notorious, however, for being overly optimistic with his predictions.

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Lebeaucarnews $TSLA -ELON was dumping 5 Billion this mess didn’t happen! He said through 5 banks, from time to time, then in one day said he got all 5 billion dumped! Done! Along with his brother and executives, why didn’t he do this Tweet about battery day then?!! This stinks -SEC is gonna..

Lebeaucarnews Yes; Elon,Pumped and Pumped, made the stock holders belive, never told anyone 2-3 years wait, he still was not sure of 3 years- watch the video! he tweeted the night before (Dump) made the stock holder take the hit... Irresponsible CEO- SEC must look into it, and CLASS ACTION

But u wont be able to put it on the road in populas cities. So y bother

No doubt that Tesla’s technology is very innovative and cool, I just wish that their cars (other than the roadster) can look a little better IMO.

GM backs a mini electric car made in China for $4000 w. 13 Kwh battery pack. Sold 15,000 cars in August in China last month. Outsold Tesla M3 at 11,800 units sold in August

GM and FORD- Buying NIO, they have Battery and Software... EATING the bubble called $TSLA for breakfast .... ELON , you still owe us our losses with irresponsible leadership who hurt $TSLA ‘s stock holders.... CLASS ACTION .....

ELON, Fooled us many times... shame on YOU ELON, fool us again Shame on US. You have to cover our losses.... SEC and/ CLASS ACTION? We are gathering...

For sure when you build them in China then try to eliminate the tariff to bring em back by suing the US. Not a good look.

Yeah 25k for the base model, plus 10k for the battery, etc etc

Ok, do it

And China can make $10000 electric cars in 3 months... NIO will eat Tesla alive

Will be an instant hit in India

If not, will Hildenburg inform against?.

He said he could build a 35k car 🚗 3 years ago. Where is it ?

Ok ok now go to sleep

3 years to build a $25,000 self-driving car.. How long will it take to build 2 of them?

Imagine Apple making announcements for tech that will be developed in 2 to 3 years at their Apple Event rather than introducing new versions and inventions.

What is the enjoyment to drive a car when it is self driving. Hire a chauffeur then.

Yes, with the data they accumulated!

Bull up.

September 2015

What could be the price in Bitcoin? Any wild guess?

I bet you they wont ... 'Self driving car causes deadly accident...', now Mr Tesla, who is accountable ? you?

in 3 years ? LOL DOWN TESLA , NIKKOLA , BLACK days

greta You will never sit me riding in one.

Just change the date on this article from 2 years ago and save yourself the time writing a new one.

and sell it to you for 75000

Do you also have a bridge in Brooklyn to sell me?

That’s balllllllsy.

Lol.. and I will go to Pluto in 2045

Elon the Musk oil salesman is selling his musk flavored Kool-Aid to his cult following.

I don’t need China computer hacking, I mean glitches to crash my car and kill me! A-I is getting to much!

'Really pretty well' is my new 'hopefully' from this point on

He says a lot of things that don't happen. Remember Tesla Taxis?

Congratulations...

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Elon Musk promises a $25,000, fully autonomous Tesla 'about 3 years from now' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Did he mention the mileage on a single charge of this 25k fully autonomous car? Late adoption of eCars is the hands down winning strategy. As with all new tech, prices come down and bugs get ironed out. Meanwhile oil just gets cheaper and cheaper. 3yrs from now... 😂
Source: BusinessInsider - 🏆 729. / 51 Read more »