Musk warned traditional automakers that if they do not speed up the transformation, they will usher in their "Kodak moment".

CTOnews.com, Aug. 23 (Xinhua)-- traditional carmakers will have their "Kodak moment" if they fail to accelerate their transition to electric vehicles, Musk warned on Tuesday. Like the former film giant Kodak, it has been eliminated because it can't keep up with the trend of the digital age.

One X user posted: "traditional cars are about to usher in their Kodak moment." Musk responded: "Unfortunately, for many carmakers, this is a trend. Some companies do understand this, but the pace of change is still slow. Tesla is trying to help other automakers as much as possible in the transition to self-driving electric cars: we have opened up our patents and provided access to our super charging station. and invite them to use our self-driving artificial intelligence system. "

CTOnews.com noted that while some traditional automakers, such as Ford and General Motors, are accelerating the transition to electric vehicles, they have also encountered some obstacles in the process, including increased losses. Currently, electric cars account for less than 10% of new car sales in the United States. Electric cars accounted for about 6% of new car sales in 2022.