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posted by CoolHand on Monday July 11 2016, @06:14PM   Printer-friendly
from the keep-it-secret-keep-it-safe dept.

Yes, the phrase used in the headline is a direct quote. Tesla CEO Elon Musk is teasing new details about the company's future, set to be announced later this week. The news may be in reaction to slipping stock prices and troubles with regulators following a recent crash:

While offering no other details, the master plan is likely a follow-up to a 2006 blog post titled "The Secret Tesla Motors Master Plan (just between you and me)," in which Musk laid out his vision for Tesla, including eventual plans for the Tesla Roadster, the Model S sedan and the upcoming (and more affordable) Model 3 sedan.

It may not be a bad idea for Musk to roll out some optimistic news. In recent weeks, the electric car company has become the subject of a federal safety investigation following at least two crashes — one fatal — possibly related to its highly touted autopilot feature; Tesla has announced a drop in Model S shipments; and Musk himself has come under fire after proposing that Tesla purchase SolarCity, which he is also the chairman of, much to the chagrin of shareholders.

[...] Tesla shares are down almost 10% year-to-date, and down more than 16% in the past 12 months.

You may also be interested in this NYT editorial about "Lessons From the Tesla Crash".


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  • (Score: 4, Insightful) by tempest on Monday July 11 2016, @08:40PM

    by tempest (3050) on Monday July 11 2016, @08:40PM (#373290)

    Autopilot is not there to allow people autonomous vehicles

    That's the problem: it's called "autopilot", but doesn't automatically pilot. It should be called driver assist.

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