Chief Executive Officer Elon Musk said Tesla Inc's robotaxis without human drivers will be available in some markets next year thanks to exponential improvements in technology.
"Probably after two years we will make a car without wheels or pedals," he predicts, admitting that he often misses deadlines and his performance on Monday begins with a 30-minute delay.
Musk also presented a microchip for cars that hope to give Tesla an edge over competitors and convince investors that their huge investments in autonomous driving will pay off.
The presentation comes two days before Tesla expects to announce a three-month loss with fewer deliveries of its Model 3 sedan, which is Tesla's experience of becoming a car maker.
Global automakers, major technology companies, and many startups are developing self-drive – including Waymo at Alphabet Inc and Uber Technologies Inc. – but experts say it will be years before systems are ready for the best time.
Musk advertises a much faster timeframe.
"The main message consumers have to accept today: Financially, it is foolish to buy something other than Tesla. It's like buying a horse, saying Tesla is the only company that has a full set of hardware devices.
All Teslas produced today have the new chip and the company is halfway through the next generation chip design process, which would be about three times better than the current system, said Musk.
Tesla is working on a self-managing chip from 2016 and before that, Musk predicted that by 2018 the cars would be completely self-contained, which Tesla had missed.
Investors looked unchanged from the chip announcement, but the stock picked up slightly after hours trading after the robot's announcement.
Mouse took a rival, relying on Lidar, light-based sensors that are a key element in most other self-management systems.
"Lidar is the task of the fools. And anyone who relies on Lidar is doomed, "says Musk, who is vocalist about the limitations of technology. Tesla's cars rely on cameras and radars as a vision system for self-driving.
Eventually, the contestants will "throw out" Lidar, he said: "It's expensive and unnecessary, and once you've decided that it's obvious, it's useless."
More than $ 1 billion in corporate and private investment has been wiped out in about 50 start-ups over the past three years, including a record $ 420 million in 2018, according to a Reuters analysis of publicly available investment data in March.
Musk was the center of most of Tesla's presentations, but on Monday he turned to the attention of his top hardware and software managers.
"In a year we will have over a million cars with full self-drive, software, everything," he predicts. He said it was unbelievable, but it is true that Tesla has designed the best self-management chip in the industry, saying Tesla's is designed to drive autonomously, while others, like Nvidia Corp, have also developed chips, who could do other things too.
Tesla's chip could make seven times more frames from Nvidia Xavier, says Pitt Bannon, head of Tesla at Autopilot hardware.
Tesla has been involved in several catastrophes, some of which are fatal, involving the use of the AutoPilot system, which runs in 2015. The system has automatic steering and speed control, but requires driver attention. Tesla is criticized by the safety groups for not being aware of the need for "practical" driving.
The company also sells a "full self-propulsion" for an additional $ 5,000, explained as "automatic drive from the ramp to the outboard ramp", automatic toll changes, fleet capacity, and parking car calling. Later in 2019 was the ability to recognize traffic lights and stop signs and to drive automatically on city streets, Tesla says.
But the use of the term "full self-government" still hides criticism, as the option is not yet "Level 4" or completely autonomous from industry standards in which the car can handle all aspects of driving in most cases without human intervention.