Tesla shows off self-driving technology to investors

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Tesla shows off self-driving technology to investors
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Tesla Inc broadcast a web presentation on Monday to update investors about its s...

FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson

Global carmakers, large technology companies and an array of startups are developing self-driving - including Alphabet Inc’s Waymo and Uber Technologies Inc - but experts say it will be years before the systems are ready for deployment. The webcast, scheduled to begin at 11 a.m. PT , was delayed and Tesla showed a repeating video of its vehicles for 30 minutes.

The company also sells a “full self-driving option” for an additional $5,000, explained on Tesla’s website as “automatic driving from highway on-ramp to off-ramp,” automatic lane changes, the ability to autopark and to summon a parked car. Coming later in 2019 is the ability to recognize traffic lights and stop signs, and perform automatic driving on city streets, Tesla says.

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