Elon Musk: Any other car than a Tesla in 3 years will be like 'owning a horse'

"It's financially insane to buy anything other than a Tesla," says the CEO of the electric auto maker.

Elon Musk — known for making bold, and by some measures outlandish statements — threw down the gauntlet to other automakers.

"The fundamental message that consumers should be taking today is that it's financially insane to buy anything other than a Tesla(TSLA)," the CEO of the electric auto maker said after Monday's robotaxi announcement. "It would be like owning a horse in three years. I mean, fine if you want to own a horse. But you should go into it with that expectation."

On stage at the Tesla Autonomy Investor Day in Palo Alto, California, Musk boasted about Tesla's self-driving technology, predicting his company will have more than 1 million robotaxis on the road next year.

"If you buy a car that does not have the hardware for full self-driving, it is like buying a horse," he reiterated. "And the only car that has the hardware for full self-driving is a Tesla."

It's not the first time that Musk used the horse metaphor in describing Tesla cars. In September 2018, during that bizarre podcast with Joe Rogan, in which he appeared to smoke marijuana, he said that having Teslas and regular cars on the road speaks to a "time of transition where there were horses and gasoline cars in the road at the same time." He then added that "back in Manhattan" during that time there were "like 300,000 horses."

Musk's record for delivering on his predictions on time has been spotty. And on Monday, he admitted as much. "Sometimes I am not on time, but I get it done." Some of his past promises, often made on Twitter(TWTR), have landed him in hot water with the government.

The billionaire entrepreneur, behind the commercial space venture SpaceX as well, also predicted that Tesla in two years will be making cars with no steering wheels or pedals.

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