Seattle Public Transportation Commission officials say they have no reason to fear a major disruption in the electric-vehicle industry, and that the company will not be forced to lay off workers.
The company’s latest quarterly financial report was released Tuesday.
The electric-transportation system, or EV, has become one of the hottest topics of conversation around the country.
On Tuesday, Tesla Inc. CEO Elon Musk unveiled a plan to develop a system that would power more than 30,000 Tesla cars a day, and the company plans to spend $1 billion on research and development.
The new company, called Tesla Transportation Services, is working with the state Department of Transportation, Puget Sound Transit and the Puget County Board of Supervisors to determine what kind of system would be able to handle the traffic.
Musk said he was confident the system could handle more than 60,000 vehicles a day.
“If we can do that, I believe we will be able,” Musk said.
“But there is a real risk to what happens when you put that system in the hands of a few bad actors.”
The company has said it expects to get the system up and running by the end of 2019.
The EV system could be used in Seattle.
It would include a new automated parking garage, which could have a capacity for about 3,500 vehicles, as well as a driverless system that could pick up passengers at a time.
“I would be really surprised if we didn’t get some serious, disruptive traffic disruptions,” said John Stossel, who hosts a show on Fox News Channel and is a frequent critic of the electric vehicle industry.
Stossell said that he had a “fair amount of reservations” about the company’s plan, but that he’s confident the company would come up with a system for which it has a high degree of confidence.
He said that in the past, he and others have been able to build a system in which they have had zero issues.
He called Musk’s plan “the most exciting thing I’ve ever heard in the history of the world.”
But the electric transportation system, he said, “doesn’t look like the future of transportation.”
Stossey said that the city’s “safety record has been really good” in terms of the safety of the vehicles on the road.
The city has been one of Silicon Valley’s biggest success stories, with a high percentage of residents who drive to work every day.
But Stosse said that if the city is to be successful, it needs to have a system built that can handle traffic.
“The biggest thing is the safety,” he said.
Stosa said he thinks that there are many problems with the EV system, including that it is too small and it doesn’t have enough capacity.
The system is also being built in a city with a lot of traffic, but the city says it has found a solution that is much more cost effective than building a new system, Stossels said.
He also said that while the system will not have a large number of vehicles, it will be an important part of the transportation system.
“It’s like a public bus system,” Stosso said.
The plan comes amid a growing movement to develop more autonomous vehicles, and several other companies have announced plans to develop their own electric vehicles.
On Monday, Tesla CEO Elon Trump said he would invest $1.6 billion to develop an electric-car fleet.
Musk’s company, Tesla, is also partnering with Nissan Motor Co. and General Motors Co. to develop its own self-driving technology.
Musk also said he will be traveling to California this month to unveil a plan that he says could reduce the cost of self-transforming cars by 50%.
The plan, called the “solution” to the “challenge” of autonomous vehicles that Musk has been trying to solve for years, has not been fully embraced by everyone.
“This is a huge deal for Seattle, and it’s a massive deal for us as an industry,” said Stosossel.
“We’ve never seen anything like this before.”
A spokesman for Tesla said that Musk will not announce his plan for autonomous vehicles in California.
Musk told CNBC on Tuesday that the EV plan is “the biggest opportunity for a new company in history.”
Stoss and Stossov said that they expect a large part of their business to be impacted by the plan, including the company, which they estimate will lose $3 billion a year in revenue.
The Seattle Times reported that the new company is also in talks with the federal government to build more electric-powered buses in the city.
The Times said the company could use a federal grant that is meant to fund transportation projects for low-income neighborhoods.