thank you to nhtsa for giving us a waiver.e are little heavy, but we are under the 2500 production units to average over two years at a speed of 35 miles per hour. this is the vehicle we are testing a mission branch. we are working with the dmv to operate on public streets. they are worried about parking and connectivity. stantec is our strategic consultant, city of concorde is our partner. ranch, that is where we are testing. we have cities open for business. come to test your technologies. we do have a redefining mobility summit. chris will come and speak. i am asking you now, it will be in san ramon. thank you very much for your kind attention. [applause] >> well, thank you very much. for startups in a late that need a spot to test yourself driving vehicles, we have a good spot in mind and there are companies in southern california that are attending. julie's company was acquired by gm. southern california is already a part of this scene. we may not have our own testing ground quite yet, so we know where to go when we are r

having a unified approach with nhtsa is not what they tried to do? >> it was the goal. >> mr.i believe that congress had it right the first time that they have the patchwork of nhtsa. >> dr. cooke. >> it was the aspiration and it hasn't been realized. >> epa nhtsa clearly stated in the mpr issued in to talk whenever i hear the need to create a unified approach so the manufacture couldn't assign one fleet of vehicles to comply with both programs. isn't it true that the rules had to mainstays for model years 217 to 2021 separate for model years two thousand 22 through 2025? >> yes. >> it's my understanding when the 2012th rule was released that the 2022 through 202025 were called estimated which represents nhtsa's best estimate what would be feasible at the time. is that correct? >> yes. >> the consumer that wants to be able to afford a vehicle. >> dr. cooke. >> yes. >> okay so we are going through right now we are going to the midterm review as we speak. whether some of you like it or not it's very important. we are in the early process and it's important to play out and encour

us car owners can visit the nhtsa website to check if they are vehicle is under recall. will work with the companies affected to try to remedy the situation and they are urging consumers to get their airbags replaced, defending of —— defective inflated can explode in a crash, spray vehicle occupants with metal shards and parts have been linked to at least 18 deaths and 180 injuries around the world. thanks for the latest on that. let's stay with cars. a new car designed by former bmw and apple employees has been unveiled ahead of the consumer electronics show in las vegas. called the byton, it sports a huge touchscreen dashboard, as dave lee reports. the vision is we want to be the company bringing into the market the first real smart car. we wa nt we want to try and merge real—life outside the car with your experience in the car. everything will be controlled, via touch. certain aspects will be controlled via voice and also very novel to us is control. the key is about customisation. when you are in drive mode, we will actually disable certain features. you won't be abl

this past september, nhtsa published a vision for safety. it is a voluntary guidance that asks manufacturers to provide a voluntary self assessment. ,t helps individuals communities, each of us, policymakers, their neighbors in manufacturing to address 12 safety design features, including cyber security, human machine interface, host crash ads behavior. it has best practices for state and local governments. it is voluntary. individuals involved in the manufacture and preparation of automated driving systems for our roads begin to prepare these assessments and make them available for all of us to understand this journey together. the technology is changing rapidly. communication is a key part to understanding the risks, both the risks that we are going to be reducing but the risk that may emerge. as david mentioned, admits that is a regulatory agency, so why voluntary guidance? the answer is simple. we thought about analogs and , all ofgy development us having the blessing of watching the internet row -- grow in our lifetime. 2000-2001.k to i

nhtsa is a regulatory agency. why voluntary guidance. the answer is simple. we have thought quite a bit about technology development. we have had the blessing of watching the internet grow and emerge and become a huge part of our lives. as for myself i think back to about 2000. i was employed as a research scientist. if you're familiar with the name it's a part of old bell labs. which it was broken up this was the software component. fairly smart people used to dealing with emerging technology. in those days you andfy we had a mobile phone it was cell phone technology in a flip phone. type a letter and push a number three times to get the right letter. it would be a slow process texting. there wasn't much in the way of internet access on the phone. so we would imagine the future. we looked at the emerging technology in wireless. 3 g and 4 g was right around the corner. and thought what would mobile phones become? in a world where we had such great broad band wireless technology. we imagined cameras on our front door. i could get an internet signal on my phone

>> i don't know that nhtsa has a regulation out for pre-market approval. our view is that with the new technology, you don't want to stifle it. at the same time, we need to deploy it in a safe and risk-managed way. the right way to do that is to have informed conversations so that all stakeholders understand the politics of what's being created and making the right judgment calls about how to bring it into reality. cracks it is not in your interest. it is not your desire to make an unsafe vehicle, correct? >> absolutely not. i would say that today, in the state of michigan and florida and, i think, arizona, as well, you legally could drive a vehicle with no one sitting behind the wheel. no developer is doing that, because they are making the judgment themselves that the technology is not ready. >> right. if you did make that judgment call and you went for it, people would not drive that vehicle. people wouldn't purchase that vehicle. people wouldn't buy stock in the company or invest in the company. >> it would be counterproductive to release the technolog

well, is there nhtsa, transportation act, osha, nothing like that. there is no federal regulation of that kind. is there deregulation act which says it is the federal policy that there will be pre-enterprise and fares? no, because all the things you mentioned have the word state law in it. so all we have here are a group, if you like, of provisions, all of which are addressing themselves to what kind of law a state may have without a clear federal policy that distinguishes between what they want states to do and what the federal government is doing. given those circumstances, it falls on the subject matter of this law is the state. that's what this is about. telling states what to do, and therefore, it falls within commandeering. a little long, but that's how i was reading new york, the notion of not addressing itself to the states, and it's long so you can answer the whole thing. >> well, i'll try to answer the whole thing, but i'll start with the proposition that we know there's absolutely nothing wrong with congressional legislation that operates

that's another aspect of still looking at number of vin registrations gone through nhtsa not up in the00 range. there's a way of tria-- tri anglating and our sense is again at some point in q-1 you'll hit that in likely late q-1 or q-2 to raise additional capital to fund multiple billions that elon wants to do. >> a big part of a lot of bears cases out there, jeff, is the cash burn and inability or ability of tesla to tap the capital markets. you're saying this may no longer be the case because it's always been the case. they come out with the bond offering they come out with an equity offering it trades very well in the market you point out that the most recent bond offering is actually trading below par and the financials look weaker >> it is bond offering has broken par certainly aggressively priced deal, but our sense is the next deal will have more stricter terms if they elect to use debt. and i think certainly if they wanted to use equity they would need to have a bit more of a sweetener as to, you know, the ability to hit cash flow positive with the model 3. you certainly need m

we've filed a petition with nhtsa, the regulatory body to seek approval and meet safety standards inhout the driver in the car. need to meet a different set of safety standards with a different approach and that's what that becities about. >> you know, i like driving. godspeed to what you're doing, but when will i not be driving anymore? just give me an outside -- what do you think >> our goal was to deploy these vehicles in 2019 so you'll have the option to not drive in that time frame. >> you're kidding. >> have the option to not drive far out into the future. >> right when our kids are -- >> exactly. >> okay. you know this inside out is gm the first to do this or just the latest. >> there are others who have worked on prototypes without steering wheels. waymo is a good example of that, but general motors is petitioning to be the first to put this practice into atleast seven fleets in the u.s. what do you think is going to be the reaction of the driving public in the first time you say let's say you have these deployed in san francisco, the first time someone sees this drive up, no