Here's what you need to know about the big change in the auto industry
We are at the gates of
probably the most significant transport revolution in history. Tesla, Toyota,
Volvo, Renault, Apple, Google, and Nvidia - all these companies will be
affected by the technological innovation that will come to life.
You can trade the companies directly involved in the electric and autonomous car race with SimpleFX WebTrader. Follow the news, and make sure you have your account funded and ready to open the right position when the decisive news arrives.
Autonomous vehicles are just behind the corner. Elon Musk, Tesla's CEO predicts we are "probably two years from now we'll make a car with no steering wheels or pedals," while Reuters reveals proof of Apple's advanced engagement in the self-driving car race.
At the same time it more and more electric cars are being sold globally. Of course, the combustion dominance is still a fact, but no one knows when the electric vehicles will reach a critical mass, and replace traditional automobiles.
Did Apple join the race?
A minimum of four companies has been in talks with Apple as the potential suppliers for next-gen lidar sensors for self-driving cars, according to a news story by Reuters. Apple is assessing the technology from the companies as well as developing its units, according to insider information from three people.
This effort to develop sensors shows Apple's desire to create the hardware that's needed to guide self-driving vehicles, joining car manufacturers as well as investors in a race to uncover the best new technologies.
This gives fresh evidence that Apple continues to have desires to get into the self-driving vehicle race, also known as Project Titan within the company. The focus of the talks is the next-generation sensor which gives a 3D view of the road.
Elon Musk, chief executive of Tesla Inc, said that self-driving "robotaxis" would be available in some US markets next year. He continues his habit of making bold announcements, which excite investors yet often fail to meet their deadlines.
Microchips and sensors
A crucial part of his new claim is a microchip designed for autonomous vehicles that he unveiled on Monday in a web-broadcast presentation. The chip, which is made by Samsung Electronics Co. Ltd. in the U.S. state of Texas, is hoped to give an edge to Tesla against its rivals, showing its substantial investment in self-driven vehicles. The exec has described it as "basically our entire expense structure.
Musk reiterated that this new chip is the best in the industry as it is dedicated solely to autonomous driving, whereas others, such as Nvidia Corp, has developed chips for multi-function use.
Musk began pushing the model and its potential after his launch at the event with technical descriptions in great detail of the progress Tesla has made on software and hardware by top execs.
Car manufacturers globally, start-ups and large tech companies are working on self-driving, including Uber Technologies Inc. and Alphabet Inc.'s Waymo. However, experts claim that it is years yet before these systems are set to go.
Observing the upcoming tech revolution is a fascinating thing to do. Additionally, you can capitalize on the knowledge you acquire reading about it. Prepare your SimpleFX account for the next groundbreaking news. Make sure you star all the companies involved and have some funds ready to make the right order.
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