Tesla Motors Inc (NASDAQ:TSLA)’s Fully Autonomous Cars Could Be Here Sooner Than Expected

Tesla Motors Inc (NASDAQ:TSLA) is working to escalate its Autopilot feature to support fully autonomous driving. The company recently called for hardcore engineers to join its software team as it tries to bring closer the era of fully self-driving vehicles. It is estimated that fully autonomous cars are at least a decade out, but Tesla could make that happen in about half a decade.

Tesla Motors Inc (NASDAQ:TSLA) is trying to overtake Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) in introducing fully autonomous cars on the roads. The company can be seen trying to build on its Autopilot feature. With Tesla’s Autopilot software, Model S drivers can leave their sedans drive themselves, although the company still recommends that drivers should remain fully alert and be ready to intervene in case of anything.

Escalating Autopilot

Autopilot has been a great experience for drivers, especially given how it has dramatically converted Model S into a smart car. If you thought that Autopilot was mind-blowing already, then you haven’t known what Tesla’s CEO, Elon Musk, is cooking. Musk is apparently not satisfied with what Autopilot is capable of doing currently. As such, he is inviting software engineers to apparently come make Autopilot a fully autonomous driving feature.

Self-driving cars ahead of schedule

Tesla already has the right hardware on which to overlay self-driving technology. As such, enrichment of Autopilot could allow Tesla to introduce fully autonomous cars ahead of schedule. While most analysts predict that it would take 10 more years to have fully self-driving cars on the road, Tesla could shorten that period to just five years or less.

If Tesla Motors Inc (NASDAQ:TSLA) succeeds in bringing a fully autonomous car to market ahead of schedule, the company would have bolstered its competitive edge in a rapidly evolving auto industry. Tesla’s advantage of fully electric engines is already being challenged with the likes of Apple Inc. (NASDAQ:AAPL) said to be working on their own versions of electric cars. As such, Tesla needs to pull ahead of the competition with fully autonomous cars, for instance, to protect its market share.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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