Elon Musk Makes $500 Billion Autonomy Pitch to Investors

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Elon Musk Makes $500 Billion Autonomy Pitch to InvestorsThe comments build on the case that Musk made during an investor day focused on autonomy last week that Tesla is on the cusp of having 1 million vehicles on the road that will be fully capable of driving themselves. Ahead of the call, Tesla filed to raise at least $2 billion through debt and stock offerings, after a dismal first quarter depleted its cash balance to the lowest level in three years. Goldman Sachs and Citigroup hosted the call for investors at 11 a.m. New York time with Musk and Zachary Kirkhorn, Tesla’s chief financial officer, the people said.

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