Share

Tesla readies updated 'secret masterplan'

Washington - Electric carmaker Tesla is preparing an updated "secret masterplan," as the company looks to rebound from concerns over two crashes of vehicles using its "autopilot" semi-autonomous driving mode.

Company founder Elon Musk announced on Twitter Sunday that the new roadmap for the California company would be coming this week.

"Working on Top Secret Tesla Masterplan, Part 2. Hoping to publish later this week," he wrote.

This would update the "masterplan" announced by Musk in 2006 when he promised "an electric car without compromises," and a long-term vision of building "affordably priced family cars."

Tesla Motors launched its first electric car in 2008 called the Roadster, which had limited distribution, followed in 2012 by the Model S, which has gained appeal globally among well-heeled buyers willing to pay some $70 000.

The company has begun plans for its more affordable Model 3, at roughly half the price of the Model S, and has received more than 300 000 pre-orders.

But Tesla's reputation has been hit by a fatal crash involving its self-driving system in Florida, and another crash in Pennsylvania, sparking federal safety investigations.

Tesla has warned drivers that its Autopilot is not fully autonomous and that motorists must still be vigilant when using the system, which can automatically change lanes, manage speed and brake to avoid a collision.

The future of Tesla has become a fresh challenge for Musk, the South African-born entrepreneur who was a co-founder of PayPal and also runs the private space exploration firm SpaceX.

The company is planning to ramp up production of vehicles, with a major element in the plan the creation of a "gigafactory" in Nevada that will produce the special batteries needed for the cars.

Tesla and other automakers has been working on autonomous driving features, seen as one step toward self-driving vehicles with an eye toward improving road safety.


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.08
+0.7%
Rand - Pound
23.88
+0.3%
Rand - Euro
20.46
+0.5%
Rand - Aus dollar
12.45
+0.3%
Rand - Yen
0.12
+0.9%
Platinum
917.80
+0.6%
Palladium
1,012.00
+0.7%
Gold
2,327.06
+0.5%
Silver
27.45
+1.1%
Brent Crude
88.02
-0.5%
Top 40
68,768
+0.3%
All Share
74,703
+0.3%
Resource 10
62,082
+2.7%
Industrial 25
103,088
-0.9%
Financial 15
15,885
+0.3%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders