It seems that Tesla Motors Inc (NASDAQ:TSLA) has made up its mind for manufacturing a driverless car. General Motors Company (NYSE:GM), the number one ranked U.S Car Company, is another automotive company that ventured into the territory of driverless cars and now Tesla Motors Inc (NASDAQ:TSLA) wants in on it too. Tesla Motors Inc (NASDAQ:TSLA) is not is known to lag behind when it comes to innovative ideas.

Many companies have tried to follow in the footsteps of Tesla Motors Inc (NASDAQ:TSLA) by making all electric vehicles but never saw the same level of success. For now Tesla Motors Inc (NASDAQ:TSLA) holds the entire market for electric vehicles but that can be changed as more and more motor companies have started to work on electric vehicles. So venturing into a new category could prove to be vital for the company’s future.

Driverless cars will be a difficult and expensive task, almost unrealistic mainly because of the precision of the vehicle; its uncertainty can be quite risky. The car would have to run on sensors underneath the roads or perfect map technology but the cost would be beyond imagination.

Many other motor companies have noted the public’s growing interest in electric vehicles and those which enable the driver to focus less on the driving and more on the luxuries of a passive passenger.

The driverless cars will have their own risks; it will increase the chances of accidents on the road as it would be without any drivers and dependent on technology and technology can falter. Tesla Motors Inc (NASDAQ:TSLA) will face enormous problems in this aspect, other than that the expenses will be risky as driverless cars will have to appeal to the market. The main concern will be safety of those in the car and pedestrians.

Tesla Motors Inc (NASDAQ:TSLA) is currently soaring high in the stock market. However it should not feel too secure because competition in the electric car sector has started to show up. Electric cars are now being produced every three months. Moreover there is no real progress in the driverless market for Tesla Motors Inc (NASDAQ:TSLA).

The CEO of Tesla Motors Inc (NASDAQ:TSLA) hopes that the driverless car will become a reality for the company. He also hoped that Tesla Motors Inc (NASDAQ:TSLA) will recover the cost and earn a large profit when the car gains acceptance in the market. He assured us that the driverless car, once made by Tesla Motors Inc (NASDAQ:TSLA), will replace the manually controlled cars and will become a revolutionary element in the daily life its consumers.

Many analysts are skeptical and are criticizing the obsession Tesla Motors Inc (NASDAQ:TSLA) has with driverless cars. They think that the project will bleed Tesla Motors Inc (NASDAQ:TSLA) dry. No one will be able to trust the car, as there will always be a huge risk of accidents. To avoid such horrible predicaments people will not go for the car.

Tesla Motors Inc (NASDAQ:TSLA) claims that the driverless car will be an evolution and a revolution in itself in the history of the U.S. Only time will tell how Tesla Motors Inc (NASDAQ:TSLA) translates this newly found obsession with driverless cars. Is it really obsession or fear of fading away and being replaced by the upcoming corporations?

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