Tesla Motors (NASDAQ:TSLA) and its brash CEO, Elon Musk, love nothing more than to name an outrageous-sounding technological goal -- and then meet it. The latest: Musk said this week that Tesla will be able to offer cars that are (mostly) self-driving in three years.
That's way ahead of giants General Motors (NYSE:GM) and Toyota (NYSE:TM), which have been saying that 2020 is a more likely date for the arrival of autonomous cars. In this video, Fool contributor John Rosevear looks at what Musk really said and argues that Tesla's goal this time isn't revolutionary -- instead, it's more likely to be the basic price of admission to the luxury-car market in a few years' time.
Fool contributor John Rosevear owns shares of Ford and General Motors. The Motley Fool recommends Ford, General Motors, and Tesla Motors and owns shares of Ford and Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.