SAN FRANCISCO—Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it’s facing due to aggressive price cuts.
“I hesitate to say this but I think we’ll do it this year,” said Tesla CEO Musk, speaking on a conference call. Musk has missed his previous targets to achieve self-driving capability dating back years.
The test version of what Tesla calls Full Self-Driving (FSD) software will be “two steps forward, one step back between releases,” Musk said, “but the trend is very clearly towards full self driving, towards full autonomy.”…