In 2020 Elon Musk Predicted That 100% Cars Produced By 2040 Will Be Electric And Fully Autonomous. Now He Says '99% Is Probably Right'
Portfolio Pulse from Ananya Gairola
Elon Musk revised his 2020 prediction about the future of electric and autonomous vehicles, now estimating that 99% of cars produced by 2040 will be electric and fully autonomous. This update reflects a slight adjustment from his original 100% prediction. Musk also mentioned Tesla's willingness to license its self-driving technology, though no automakers have shown interest yet. Infrastructure remains a challenge for EV adoption.
September 07, 2024 | 8:02 am
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Elon Musk revised his prediction for electric and autonomous vehicles, now estimating 99% by 2040. Tesla is open to licensing its self-driving tech, but no automakers have shown interest. Infrastructure challenges remain a hurdle for EV adoption.
Elon Musk's updated prediction on electric and autonomous vehicles is significant for Tesla as it aligns with the company's strategic focus. The willingness to license FSD technology could open new revenue streams, although current lack of interest from automakers is a challenge. Infrastructure issues highlight ongoing barriers to EV adoption, which could impact Tesla's market growth. Overall, the news is slightly positive for Tesla's stock as it reinforces the company's leadership in EV and autonomous tech.
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