Tesla Motors Inc (TSLA) To Revamp Model S & Enable Autonomous Driving Capability

Tesla Motors Inc (NASDAQ:TSLA) had a pretty good 2014 till September when it had hit the all-time high and crossed $280 per stock. But after this high the stock started dropping and hovering around $200 mark since the beginning of this year. Tesla Motors Inc (NASDAQ:TSLA)’s Model S has scripted the success story for the company, but it also had fair share of its criticisms. Meanwhile, Tesla Motors Inc (NASDAQ:TSLA) has planned to revamp its Model S and the autonomous capability of the vehicles. FoxNews Automotive Editor, Gary Gastelu talked on Fox Business about Tesla Motors Inc (NASDAQ:TSLA)’s plans on revamping Model S Vehicles.

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Tesla Motors Inc (NASDAQ:TSLA)’s vision is to update/revamp its vehicles overnight through software updates that will be rolled in directly to the customers. During a press conference on Thursday, Tesla Motors Inc (NASDAQ:TSLA)’s CEO Elon Musk announced about their plans to revamp its Model S Vehicles through software updates.

Gastelu said that the customer need not do anything to update the vehicle software, but it will be done on its own.

“This is something Tesla has been ahead of the game, which major auto makers don’t do that. They are going to get there now. Basically Silicon Valley idea, lets just get the product out there and lets make it better anytime we can make it better. We don’t need a set schedule. If we come up with some new software, we will just send it out, when we have them ready to go,” Gastelu said.

He pointed out that Tesla Motors Inc (NASDAQ:TSLA) is trying to follow the Silicon Valley strategy of making update to products whenever possible without any update schedule as it happens in Android update of iOS update.

Gastelu pointed out that the Tesla Motors Inc (NASDAQ:TSLA) customers are looking at something like this where every other automakers wait for three year product cycle to make updates, whereas Tesla Motors Inc (NASDAQ:TSLA) makes it every 2 months.

Tesla Motors Inc (NASDAQ:TSLA) has planning to update the software which can autonomously drive the vehicles in highway. Gastelu said that sometime in this year we might also see vehicles steer itself down the highway without any interaction from the driver.

Disclosure: None

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