Zeenat Moorad Associate editor: Financial Mail

It’s fair to say that for the most part, people have become accustomed to Elon Musk talking smack and getting ahead of himself. This week his penchant for outlandish statements reached a new high — or is it low? It’s hard to differentiate, really. Musk, during an hours-long investor day presentation on Monday as he unveiled a new microchip for driverless vehicles, said he expects the firm to have at least 1-million self-driving "robotaxis" on the road by 2020. Said "robotaxis" will have full level 5 self-driving capabilities — this basically means that these cars will be capable of driving themselves anywhere, under all possible conditions, with no limitations. That’s overdoing it. For one thing, there are no cars on the road today that are level 5. Current Tesla vehicles are only level 2. The billionaire entrepreneur went on to predict a world where Tesla owners could wake up and push a button to send their cars out into the field for pickups. This scheme, he said, would operate on...

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