Tesla will use the proceeds to continue the development of its autonomous driving offering which it sees as central to its strategy to become a $500bn company. It is very unlikely that autonomous vehicles will charge $1 to go one mile, it will be much lower. This is because at $1 per mile it will be much cheaper to own one’s own autonomous vehicle rather than rent. It is on this basis that Musk claims that a Tesla vehicle gets more valuable as it ages which the second market completely contradicts. Second, autonomous driving: Tesla claims that it is miles ahead of everyone when it comes to autonomous driving, but at the same time, it declines to provide any data.

Source: Forbes May 03, 2019 07:30 UTC