Uber Wants To Buy Tesla's Autonomous Cars

Uber's CEO, Travis Kalanick, has said that he will be buying all 500,000 autonomous cars manufactured by Tesla.

Tesla Motors Inc. is one of the powerhouses of the United States’ automotive industry. The company has made it all, from traditional cars to the cars powered on a hydrogen fuel tank. Its recent innovation is to build an autonomous car. The company provided people with a concept car a few months ago and vowed that it will be working on them soon. So far as it is known that the Tesla’s self-driven cars will be on the roads by 2020.

At the 17th annual dinner of Top 10 Tech Trends, Steve Jurvetson who is a reputable venture capitalist had a chat with the CEO of Uber, Travis Kalanick, over a possible partnership and investment. According to sources, it is believed that the CEO of Uber is all set to all of the 500,000 autonomous cars manufactured by Tesla Motors by 2020, only if Tesla succeeds to build them. Uber’s business is currently at a very low point and it has faced a lot of criticism from the taxi drivers. But now, the company is all set to take its business to the next level once it acquires the autonomous cars from Tesla in the coming years.

In the past years, Uber has to face a lot of troubles due to its network of drivers throughout the world. The company was involved in many incidents and cases that jeopardized the position of it in the market. And now it is facing the consequences. The CEO has vowed that he will be buying all of Tesla’s autonomous cars if the company manages to complete the production in the next five to six years.

This move will make it easy for Uber to do business. Mr. Travis Kalanick believes that the self-driven cars are the future of the automotive industry and by acquiring these cars it will put the traditional taxi drivers out of business sooner or later.

The CEO of Tesla, Elon Musk, stated that the company is currently testing 12 cars on the roads of California. Elon Musk further believes that it will only be robots in the coming years that will handle the vehicles on roads and little or no human involvement will be noticed.

According to the CEO of NVidia, Jen-Hsun Huang, stated in the annual developer conference of company “It would be like an elevator. They used to have elevator operators, and then we developed some simple circuitry to have elevators just automatically come to the floor that you're at ... the car is going to be just like that.”

Bidness Autos - Tesla To Receive Competition By Mercedes In Home Battery Business

The automaking giant is soon going to receive serious competition by Mercedes which has also decided to step into the battery-making business.

Tesla has been going through some massive changes within the functions of the firm that it has always been carrying and one of the newest ventures that it has reportedly stepped into is all about making home based batteries for the customers to save money on their electricity bills.

Even though at first the automaking giant did not receive the right reaction from the automotive industry about going into battery making business and analysts were seen saying that the firm is just changing its track a little bit to hide the sluggish sales of its car lately. However, this business is now being taken as a huge step towards progress by analysts and there is one more trend that the electric car makers seem to be setting. According to a recent news release, it was seen that Mercedes has decided to adopt the whole idea of manufacturing and selling batteries too.

This news has not only surprised the auto industry and analysts, but it has also amused them since the luxury car making firm did not make such business plans in the past. The energy storage business plan that has taken its toll in the industry is sure to bring about a change that turns around how things worked in the auto companies before. Mercedes has decided to look past the manufacturing and selling off of cars and automobiles and have a look at the battery making business instead. According to the recent news on Mercedes-Benz, it was seen that its parent company Daimler AG was seen working towards making the tests needed to be done for the batteries that are used in the homes. As per the press release, it has been heard that before September, the firm will be launching the first of its batteries.

The report on Mercedes plans has made it clear that the automakers have been testing batteries for a long time now, probably as long the smart car making company, Tesla. A subsidiary of Daimler was set up around six year back which was made to focus on the production of lithium-ion batteries.

Analysts believe that Tesla has made its focus on the batteries quite a straightforward and obvious decision while on the other hand Mercedes’ parent company is not doing the same and is taking baby steps into the industry. The hybrid car makers are looking towards expanding their business by making batteries in a huge number while Daimler aims to make batteries but not in a large quantity. However, it is expected by the analysts that the electric car producers need to look out as serious competition is headed their way.