Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has predicted that self-driving cars will cause traffic to increase in the future as more vehicles will be on the road.
Robot Cars Will Make Traffic Worse
On Sunday, Musk responded to investment firm Mach 33‘s CEO, Aaron Burnett, who said that the distance he covers annually had “doubled” since he had incorporated a vehicle with autonomous capabilities. Burnett said that his robot drove him “99% of the time.”
The Tesla CEO shared his view, predicting that “traffic will get much worse with robot cars.” He then said that the reason behind his prediction was that “the pain of driving yourself” was not present anymore.
Elon Musk Reaffirms Bespoke FSD
In a separate post, the trillionaire also reaffirmed that the Full Self-Driving (FSD) system would be able to “remember individual user preferences” so that the users would not need to calibrate the system every time they enable it while driving.
Musk had earlier said that the FSD system would be able to remember where drivers prefer to park at regular destinations, including offices, school drop-offs and more via a future update.
Tesla Earnings Call Questions, Berlin Production Boost
Ahead of the EV giant’s earnings call, investors posted questions for Tesla’s upper management, with most questions revolving around Tesla’s FSD and Robotaxi roadmap, as well as the Optimus humanoid robot.
Notably, Tesla announced it will be ramping up production capacity at the Gigafactory in Berlin and also expanding the number of markets it serves.
Benzinga Edge Rankings show that Tesla scores well on the Growth metric, but offers poor Value. It also fails to provide a favorable price trend in the Short, Medium and Long term.
Price Action: Tesla shares were down 0.21% at $380.03 during the after-hours trading session on Friday.
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