Tesla Motors Inc Seems To Be Hitting It Off With Autopilot

The auto making company seems to be doing great with the passage of time, as more and more people learn how to adapt to the changes occurring in the system.

Tesla Motors has been notably carrying out an auto making business that seems to be a lot more than just that, as it also covers the likes of a massive battery making business along with the storming up and implementation of new ideas in the auto sector which have never been tried before. The auto making company was recently seen to announce an ‘Autopilot’ update for its hybrid cars which was received by the industry with much awe, as this is something that has not been tried by any of the auto makers before. This update was brought about in all the Model S cars and was believed to be setting up a new trend in the market, as this update was also being considered to use in cars other than the ones made by the smart car manufacturers. Currently, it will be seen that the autopilot feature is being updated in all the Model S vehicles and the main task of this pilot is to make sure that the electric car being driven learns all the new twists and turns that a car needs to adapt to in the time of emergence. Analysts in the industry have also pointed out to the fact that the ‘Autopilot’ system is not just what it should be rendered as, as Tesla has managed to incorporate the idea of ‘artificial intelligence’ in this feature of the car, which will eventually learn to drive through all the troubles that could be faced on the road without any kind of problem. In the first couple of weeks that were experienced by the drivers of Model S using the Autopilot, the main difference was seen when the drivers observed that the car was learning to move and react on its own to different situations, right after the same incident took place a few days back where the driver drove in a certain manner to bring the vehicle back on the track. For all the times when the human control on the car is being observed, the Autopilot has been designed in such a manner that it will be learning all the different tricks and tactics that the human skills carry out and when the same or a similar situation occurs in the future, the technology will know what to do with the car and where to take it, which makes the system all the more exciting for the users. However, there are some things that Tesla business might suffer from and that is its share price on the index which seems to be trading on an average level with not many improvements in sight.

Toyota Receives Sales Lead From Volkswagen

The Japanese auto makers have now managed to make the most sales in the past three quarters, beating the record previously made by Volkswagen.

Following the scandal that shook up its auto business in the industry, Volkswagen has found itself in some serious issues which is why the giant’s control has now been shifted over its global sales lead to auto giant Toyota Motors. The German auto maker has been working its way up in the global market for the past three months but due to the scandal of emission that shook up the company on a massive scale, the lead of the global sales was gladly taken by rival giant. The strong sales report which Toyota business recently rolled out showed that the smart car maker sold a huge 7.49 million vehicles in the first nine months of the year, and in the same time period Volkswagen reported a sales figure of 7.43 million, which shows that the difference with which the Japanese auto makers won the game was considerably a huge one. The third highest sales in the past three quarters were made by General Motors, which released a sales figure of 7.2 million cars. Analysts in the auto industry are of the opinion that since Volkswagen is clearly out of the game, rivals Toyota and GM now have the opportunity to take advantage of the situation and hike up their sales by capitalizing in the right manner so as to increase their production and sales for the customers who have been let down by the German giant. Volkswagen is apparently going through a very tough time with the authorities, as it was recently found to be carrying out a cheat business because of which a lot of A class lawsuits have also been filed against it, along with some unavoidable fines which is sure to bring the company down on many levels. The auto company is not facing trouble with only a single regulator, but it has found itself to be answerable to a number of them, which is only bringing the company lower than the high position it once enjoyed in the auto making competition. According to Bloomberg’s report on the company’s scandal, it was reported that there are around 325 lawsuits that have been filed against the hybrid car makers in the United States alone, which means that the trouble being faced by the company is on a colossal level and is to grow even more in the other countries where the auto giant seems to be selling off its cars in. 

Tesla To Be Challenged By Netflix China With An Electric Vehicle

The auto making company has yet again been challenged by a Chinese entertainment firm, which is all set to launch its own EV in the coming year.

Tesla has yet again been challenged by another firm, this time the Chinese Netflix, as the firm has announced recently announced that it will be launching an electric car in the coming year which is going to prove as a competition that the EV makers need to be worried about.

The electric car makers are considered to be the pioneers in the industry and also quite properly established in the business to be challenged by a smaller company but Jia Yueting, the Chinese firm, believes it can handle the pressure and turn out to be a huge success once it actually launches its smart hybrid car. Furthermore, this car is scheduled to be released first at the Motor Show that is to take place next year in April in Beijing.

This news has been quite a surprise for the analysts in the market but if a little follow ups are made on Yueting’s recent activities, it will be seen that a new deal was signed up by the firm with British auto making company Aston Martin. The auto giant has signed the contract for a completely different reason and that is to make its cars be equipped with high class components that make the customers not only happy but also comfortably satisfied with the offerings of the vehicle. These vehicles are expected to be entirely electric ones which is why it is being speculated that the Chinese firm could be getting the idea to make an electric car of its own while taking ideas and expertise from the British auto maker.

Back in the month of May, a news article published by the Business Finance News showed how Aston Martin is all set to work on a smart car which will be equipped with a new technology DBX concept. This new concept has recently been launched by the firm for its customers.

As per the report that has stirred the auto industry, it came around to the investors’ attention that the Chinese entertainment company seems to be quite sure about what it wishes to do as it has engaged a massive six hundred employees in the car making project and is all set to give Tesla competition it cannot ignore. The Chinese firm has also taken help and expertise from many other auto makers for the same project and by the looks of it, it shows that company from China could actually end up making a smart car that surprised the whole industry.

Tesla Beats Illumina Inc By Being Declared As the Smartest Company

The firm is showing massive signs of growth for near future which has made analysts quite positive.

Recently, a list of 50 smartest companies in the auto industry was released in which Tesla Motors managed to successfully secure the first position, beating out the previous winner in the race, Illumina Inc, which is a biotech firm working in the United States. The auto making giant, on the other hand, has been declared as the most innovative firm in the industry to be working on new technology ideas and bringing out the best out of it. In the report that was published, it was stated that the electric car makers have been making it big with their smart cars and have become one of the most competitive companies in the auto industry.

Tesla business is also being planned by the owners to expand more as it has become common news that the hybrid car makers are working on a new business in the battery business where it has settled to establish a new battery making plant that will solely work towards the product of lithium batteries. This step of the firm was initially taken with mixed opinions from analysts but over the passage of time, this has received quite a positive response from not only the analysts but also the investors.

Tesla was seen to reply to the success that it received in its future plans and how it plans to carry them out. The firm’s management informed the press that the actual plan is to bring about such a change in the society where people use electric smart cars on a mass level and get rid of cars that not only consume oil and gas but which also emit harmful chemicals by burning that gas. Taking into consideration the fact that customers start using hybrid cars only that are run by electric batteries chargeable by solar energy, many positives can be expected in the future.

Therefore, Tesla currently plans on focusing on expanding its business out to more and more people. Presently, the cars being produced by the firm are declared as luxury cars because of the price tag they carry but over the period of time, the company has decided to launch cars that carry a mediocre price which is reachable for people of almost all classes. Furthermore, the fact that the batteries in these cars will be chargeable by solar energy gives the customers more to think about and consider buying an electric car for them.

Only in the last quarter that the firm went through, the reported sales exceeded the expectations of the analysts by a mile, making the rivals in the industry believe that the auto giant is here to stay.