There is a specific trend to define the automotive industry, according to the investor and former member of the board of directors of Tesla, Steve Westly: autonomous vehicles. And he says investors should take note. “Waymo and autonomous vehicles are the future, flat, end of history”, Westly, who sat on the board of directors of Tesla between 2007 and 2010, said on Friday “Squawk Box Europe” of CNBC. “And they come quickly. In the San Francisco Bay region where I saw, it seemed to be a science fiction only five years ago. Now you see them everywhere. After doing it once or twice, you completely forget that there is no driver in the driver’s seat. It is the future,” he added. While the penetration of autonomous or autonomous vehicles is currently low, Goldman Sachs expects that the number of these commercial vehicles on American roads goes from 1,500 currently to around 35,000 by 2030. This would see the emerging industry capturing approximately 8% of all American carpooling trips and would generate $ 7 billion in annual income, according to the investment bank. “Make no mistake, the one who wins this technological battle is likely to have the most precious vehicle company in the world,” said Westly. “It happens faster than people think, not only in North America. China goes ahead. The full competition of the bore arrives. Tesla’s positioning of the autonomous race is currently dominated by Waymo d’Alphabet, which is present in the American cities of San Francisco, Los Angeles, Phoenix, Austin and Atlanta. The company” did something extraordinary. ” Not just 12 million rides provided this year at 24 million next year; By the end of this year, they will – the first autonomous vehicle company to do so – to provide rides on motorways, not only in cities. Once you can do cities and highways, who really open the door to go worldwide. For Tesla to compete, he must show that her promise of autonomous vehicles is “real” and that her highly publicized Optimus humanoid robots arrive “, and they are a little late,” said Westly. “So it’s the thing to keep an eye on if you are an investor,” he added. Tesla Robotaxis is present in Austin, Texas. They are also deployed in the bay region, California, and have been approved to develop in Arizona. The actions of the manufacturer EV increased by around 6.4% compared to the year to date, although it is much lower than the gain of 18% of the Nasdaq Composite. Investors on Tuesday will look for the company to follow the teasing videos it has published during the weekend, in the midst of speculation according to which he could prepare to publish a new car. Car manufacturers must go to world Europe which also hopes to get involved in the development and adoption of autonomous cars. “The automotive industry is a European pride, a new technology can save jobs and breathe new life into the sector. Thus, the future of cars, and the cars of the future must be produced here in Europe,” the head of the European Union Ursula von der Leyen said on Friday on the week of Italian technology. Von der Leyen announced that a coalition of 60 Italian mayors had “already expressed his interests” in the creation of a network of European cities where “the first autonomous cars can take the road”. But for Westly, the winning manufacturer will be present on each market. “To have a large automotive business in the past, you had to dominate one of the three major markets, China, North America, Europe,” he said. “Now, the rest of the world becomes the important market. Do you sell cars in India, Indonesia, Brazil, Vietnam? And this is where Byd really excelled with their $ 20,000 car. Tesla needs something on this market. If they will challenge globally, we will see how fast they can do.”
Steve Westly, member of the ex-TESLA board of directors, reveals how he plays the boom ev
Related Posts
