Tesla Motors Inc (TSLA): Model S Is 5 Years From Autonomous Driving and 3.2 Seconds From 60 Miles An Hour

Bloomberg‘s Betty Liu experienced the Tesla Motors Inc (NASDAQ:TSLA) dual motor power of acceleration, which is approximately 3.2 seconds from 0 to 60 miles, in a test drive with the company’s CEO Elon Musk. This fury is assured only by the Model S and stands to show the world what electric vehicles are capable of. The car also has embedded the newest autopilot designed and developed by Tesla Motors Inc (NASDAQ:TSLA). As the company’s CEO pointed out, this piece of software is not capable of driving the car without driver supervision.

“I think we’re going to be quite clear with customers that the responsibility remains with the driver. We’re not asserting that the car is capable of driving in the absence of driver oversight. And that will be the case at some point in the future, like maybe five or six years from now I think we’ll be able to achieve true autonomous driving where you could literally get in the car, go to sleep and wake up at your destination,” said Elon Musk.

The above luxuries come in quite expensive for the average driver as Tesla Motors Inc (NASDAQ:TSLA)’s Model S costs some $74, 570 for the 60kWh battery rear motor and $78,570 for the dual version. The difference between the power provided by these two options lies within their performance expectations. So, you win some 10 – 15 miles depending on motor usage for the 60 kWh batteries, but you lose some 4 HP as the two engines have 188 HP each. You also get to 60 miles an hour some 0.2 seconds faster with two engines than the 5.9 value offered by the single motor version offered by Tesla Motors Inc (NASDAQ:TSLA).

It’s a lot of work put in Tesla Motors Inc (NASDAQ:TSLA), but the company has to prove its worth yet. Even its CEO is somehow impressed by the amount of trust his company has among investors.

“Well it depends on how people – if somebody is a long-term holder of the stock I think there’s a lot of appreciation that will occur in the long term. In the short term it’s difficult to predict these fluctuations, but it does seem as though for a company that had a few billion dollars of revenue last year to have $30 plus billion market cap is on the high side,” stated Elon Musk.

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