Tesla (TSLA) Says It Won't Achieve Full Self-Driving This Year, Despite Musk's Earlier Claims

May 7, 2021 9:44 AM EDT

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In a memo by the California Department of Motor Vehicles (DMV), Tesla (NASDAQ: TSLA) said it won’t be able to have a fully self-driving car by the end of 2021.

"Elon's tweet does not match engineering reality per CJ. Tesla is at Level 2 currently," the California DMV said in a memo.

"As Tesla is aware, the public’s misunderstanding about the limits of the technology and its misuse can have tragic consequences."

In April, Musk said that was "highly confident the car will be able to drive itself with reliability in excess of human this year." His remarks came a few months after the company rolled out a beta version of the self-driving technology for testing.

"Tesla indicated that Elon is extrapolating on the rates of improvement when speaking about L5 capabilities. Tesla couldn’t say if the rate of improvement would make it to L5 by end of calendar year," the memo further says.

Regulators are investigating over 20 accidents involving Tesla vehicles, with a much-publicized crash near Fontana killing the driver of a Tesla car.

Shares of Tesla are up 0.8% on the day.

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