Tesla Motors Inc (NASDAQ:TSLA) Could Release More Self-Driving Features In The Next Week


An upgraded version of the Autopilot might arrive in some of Tesla Motors Inc (NASDAQ:TSLA) models in coming days. This was announced online by the chief executive officer of Tesla Motors, Elon Musk.

“Looks like we might be ready to rollout most of Autopilot functionality for HW2 towards the end of next week,” Musk tweeted.

Fully Autonomous

Upgrading Tesla’s Autopilot system will provide more self-driving features to the newer versions of Tesla’s Model X and S. The newer versions had complete self-driving capabilities but some of the features had been disabled as the company waited to do further testing before enabling them. This had been anticipated, though, as Tesla’s chief executive had in late November stated that the new features were slated to be launched in mid-December. The new features were to be rolled out incrementally and not in one go.

It is not, however, clear what the upgrades will include. The rolling out of the new Autopilot hardware, which consists of 12 ultrasonic sensors and eight cameras, began two months ago with some users complaining that the switch was confusing. With the update, this might be remedied.

Leading The Way

The updated software has been branded “Enhanced Autopilot” by Tesla and even though it has almost the same features as the previous one, it has an enhanced accuracy level. The updates will also contain such features as lane-keeping assist, automatic lane-changing assist, self-parking. Tesla cars with the upgraded software will also be able to match speed with the prevailing traffic conditions, transition from one freeway to another and exit freeway when close to the destination. Owners of Tesla cars will also be able to summon their cars to and from the garage with the smart summon feature.

With the Autopilot that is constantly being updated and upgraded, Tesla’s goal is to eventually enhance it to the level where the cars will achieve full autonomy. While that day might look far off, Tesla’s chief executive has stated that it could be as soon as late next year.

In Thursday’s trading shares of Tesla Motors Inc rose by 0.36% to close the day at $208.45.

Ruchi Gupta works as a full-time freelancer and her content spread over from tech news to analysis on equities. Earlier, she had worked in the capacity of a Senior Research Analyst with Nigeria’s largest financial newspaper. She also had stints with companies like Genpact (for its GE domain), Zacks Research and ABN AMRO Bank spread over a period of five years. She holds a first degree in Accountancy and Post Graduate Diploma in Business Administration (First Class) from the International School and Business and Media in India.