Tesla shows off self-driving technology to investors

SAN FRANCISCO: Tesla Inc broadcast a web presentation on Monday 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.

Musk previously forecast that by 2018 cars would go “from your driveway to work without you touching anything.” Teslas still require human intervention and are not considered fully self-driving, according to industry standards.

Teslas have been involved in a handful of crashes, some of them fatal, involving the use of the company’s AutoPilot system. 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.

The company also sells a “full self-driving option” for an additional $5,000, ex­­plained on Tesla’s website as “automatic driving from high­­way on-ramp to off-ramp,” automatic lane changes, the ability to autopark and to sum­­mon a parked car.

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