Tesla's impact on the auto industry is becoming clear with its genius secret strategy that will make all other cars obsolete. This is the prediction of Adam Jonas, an analyst from the leading investment firm, the Morgan Stanley. He said that the electric car maker will make its mark in the car industry by affecting everything from the technology and economics of vehicles to the safety of driving in general.
Mr. Jonas shared his perspective on the future of the wildly popular electric vehicle maker on Monday at CNBC's "Power Lunch". Once thought of as science fiction, electric driverless cars have now taken over the center stage of the world market. More interestingly, since September 2014 when the Autopilot’s hardware and software were first added to every Tesla vehicle, we have now been inching closer and closer to Level 5 autonomy.
According to Futurism, Mr. Jonas has implied that Tesla's genius has single-handedly made it possible for cars to reach a level that requires zero interaction from a human driver. This fast-paced technological application has definitely given a significant boost to the advancement of cars. It's clear that Elon Musk's vehicles will lead to a faster rate of technological obsolescence for the other vehicles available today.
Explaining how this phenomenon could affect the future, Mr. Jonas explained that autonomous cars can get better due to a system they use that makes them capable of learning. Five years from now, all other cars will lack the trendy tech equipment that makes the electric cars highly valued. Also, the world is itching to support technology that lessens the damage to the atmosphere and environment.
According to CNBC, another thing that would enable Tesla to make regular cars obsolete is its secret strategy. Mr. Jonas believed that the company is morphing into a transportation service company. Backed by a huge fanbase, Musk's company could easily take over the future of cars.
