Tesla equipping cars to drive completely on their own

Tesla Motors CEO Elon Musk unveils the company’s newest products in Hawthorne, California. (AP)
Updated 20 October 2016
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Tesla equipping cars to drive completely on their own

SAN FRANCISCO: Tesla Motors is starting to build its electric cars with all the sensors, cameras and other gear needed to drive completely on their own when regulations allow the technology to take over that responsibility.
The announcement made late Wednesday by Tesla CEO Elon Musk marks the Silicon Valley automaker’s next step toward selling cars that can navigate the roads without the help of a human.
Google, ride-hailing service Uber and an assortment of other automakers also are working on a range of self-driving cars in an effort to ultimately turn the steering wheel over to robots.
Tesla has offered an automatic steering and braking system called Autopilot in its cars since last year, but that technology is meant to be monitored at all times by a driver.
After additional testing and getting the necessary regulatory clearance, all the cars rolling off Tesla’s assembly lines will have the equipment needed to be fully autonomous, Musk said. By auto-industry standards Tesla is small, making about 100,000 cars a year, although hopes to increase its production to 500,000 vehicles per year by 2018.
Musk predicted the technology will be twice as safe as a human driver. But adding the protection will jack up prices on Tesla vehicles that already can run over $80,000 depending on what features a buyer wants. Adding the software and activating the hardware needed for a fully autonomous car will cost an additional $8,000 — a more than 20 percent increase on the cost of Tesla’s $35,000 Model 3 sedan that is scheduled to be delivered next year.
Musk said he thinks the price will prove to be a pittance if he meets his goal of improving the technology so it’s eventually 10 times safer than a human driver. The cars with the fully self-driving technology will get those improvements in upgrades delivered online.
Tesla’s future cars will have eight cameras instead of the single one currently on the vehicles running the less-sophisticated Autopilot system. They will have sensors with twice the range as the current vehicles and have 40 times more computing power capable of performing 12 trillion operations per second, according to Musk.
“It will basically be a supercomputer in a car,” he said.
But it’s an open question when federal and state regulators in the US will settle on laws that allow robots to drive cars.
Even if regulations were to allow it now, Tesla is conceding it’s not ready to flip switch yet, saying it still needs to do more testing and gather more data. For that reason, safety features such as automatic emergency breaking, collision warning, lane holding and active cruise control that are currently available in current cars using the first generation of Autopilot won’t be immediately be turned on in the vehicles designed to be fully autonomous.
Those limitations make buying Tesla’s autonomous cars a “vanity purchase” akin to buying a TV offering ultrahigh-definition 4K pictures when relatively little programming is available in that format, said Edmunds.com analyst Jessica Caldwell.
“There’s also a risk that by the time all these self-driving features are fully tested and activated, other manufacturers may be ready to roll out more advanced hardware with better capabilities,” Caldwell said.
Consumer watchdogs have questioned whether Tesla’s first Autopilot system was ready to be on the road after a driver earlier this year using the system was killed when his Model S sedan struck a tractor-trailer in Florida. Tesla maintains Autopilot wasn’t at fault. Government regulators are investigating the circumstances of the accident.


Closing Bell: Saudi main index closes in red at 10,847

Updated 25 February 2026
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Closing Bell: Saudi main index closes in red at 10,847

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 58.51 points, or 0.54 percent, to close at 10,847.93.

The total trading turnover of the benchmark index was SR3.78 billion ($1 billion), as 73 of the listed stocks advanced, while 187 retreated.

The MSCI Tadawul Index decreased, down 7.09 points or 0.48 percent, to close at 1,472.98.

The Kingdom’s parallel market Nomu lost 178.75 points, or 0.77 percent, to close at 22,916.83. This comes as 30 of the listed stocks advanced, while 37 retreated.

The best-performing stock was the Power and Water Utility Co. for Jubail and Yanbu, with its share price surging by 8.47 percent to SR31.24.

Other top performers included Saudi Paper Manufacturing Co., which saw its share price rise by 6.13 percent to SR53.70, and Jamjoom Pharmaceuticals Factory Co., which saw a 4.58 percent increase to SR137.

On the downside, the worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price fell by 5.14 percent to SR17.53.

Saudi Kayan Petrochemical Co. and Arabian Internet and Communications Services Co. also saw declines, with their shares dropping by 4.87 percent and 4.43 percent to SR4.88 and SR181.40, respectively.

On the announcement front, Saudi Kayan Petrochemical Co. announced its annual financial results for 2025, with sales dropping 3.06 percent year-on-year to SR8.45 billion. The company also recorded a net loss of SR893.86 million.

In a Tadawul statement, the company said the net loss and decline in annual sales were driven by a drop in average selling prices, despite higher sales volumes.