Tesla likely to launch full self-drive technology 'this year'
SAN FRANSICO: Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self -drive Technology this year and generate significant profits that offset some of the margin pressure it's facing due to aggressive price cuts. "I hesitate to say this but I think we'll do it this year," said Tesla CEO Musk, speaking on a conference call. Musk has missed his previous targets to achieve self-driving capability dating back years. The test version of what Tesla calls Full Self-Driving (FSD) software will be "two steps forward, one step back between releases," Musk said, "but the trend is very clearly towards full self driving, towards full autonomy." The Technology as it stands now has drawn legal and regulatory scrutiny following crashes. Tesla has said the Technology does not make the car autonomous, and requires driver supervision. Tesla's financial chief Zachary Kirkhorn said its automotive margin in the...