Safety Regulator Vows to ‘Closely Monitor’ New Tesla Self-Driving Software

The U.S. auto safety regulator said on Thursday it was closely watching Tesla Inc.’s release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the public against safety risks.

Tesla on Tuesday night released a beta, or test version, of what it calls a “Full Self Driving” software upgrade to an undisclosed number of “expert, careful” drivers. The release prompted online posts by excited recipients who shared video snippets of their car driving apparently autonomously on city streets at night.

During a Tesla earnings call on Wednesday, Chief Executive Elon Musk said the latest upgrade was planned to be widely released by the end of this year, with the system becoming more robust as it collected more data.

“NHTSA has been briefed on Tesla’s new feature, which represents an expansion of its existing driver assistance system. The agency will monitor the

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Tesla ‘full self-driving’ vehicles can’t drive themselves

DETROIT (AP) — Earlier this week, Tesla sent out its “full self-driving” software to a small group of owners who will test it on public roads. But buried on its website is a disclaimer that the $8,000 system doesn’t make the vehicles autonomous and drivers still have to supervise it.

The conflicting messages have experts in the field accusing Tesla of deceptive, irresponsible marketing that could make the roads more dangerous as the system is rolled out to as many as 1 million electric vehicle drivers by the end of the year.

“This is actively misleading people about the capabilities of the system, based on the information I’ve seen about it,” said Steven Shladover, a research engineer at the University of California, Berkeley, who has studied autonomous driving for 40 years. “It is a very limited functionality that still requires constant driver supervision.”

On a conference call Wednesday, Musk told

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Tesla begins rollout of Full Self-Driving beta software

Members of Tesla’s Early Access program have a chance to take a spin with a beta version of the company’s Full Self-Driving upgrade.

Tesla Motors is a company that carries lofty expectations from its investors and the public. Some of the promises that founder Elon Musk has made about the features of its vehicles are arguably loftier. One such feature is coming ever closer to being a reality, though, as Tesla has announced a rollout of a beta version of its Full Self-Driving (FSD) software to select members of the Tesla Early Access Program.


Musk took to Twitter last night to announce the staggered rollout of the software. This update brings the hope of computer-assisted autonomous vehicle operation one step closer to reality.

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Elon Musk said Tesla is about to hike the price of its ‘full self-driving’ software by $2,000



Elon Musk wearing a suit and tie smiling at the camera: Joe Skipper/Reuters


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  • Tesla is raising the price of its “full self-driving” software by around $2,000, its CEO Elon Musk announced on Thursday.
  • The price of the assisted driving add-on will rise on Monday, October 26, to $10,000. 
  • It follows the limited beta release of the software on Tuesday.
  • Tesla has raised the price of its “full self-driving” feature, which isn’t actually fully autonomous, many times in the past, and Musk has said it will eventually cost more than $100,000.
  • Visit Business Insider’s homepage for more stories.

Tesla is about to raise the price of its “full self-driving” software by about $2,000, CEO Elon Musk announced on Thursday.

The price of the assisted driving add-on will jump on Monday, October 26, Musk said on Twitter. The price hike will apply to both new vehicles and upgrades to cars customers have already bought.

After the price hike,

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Tesla Shares Gain on Q3 Earnings Beat, 2020 Delivery Target

Tesla Inc.  (TSLA) – Get Report shares bumped higher Thursday after the clean-energy carmaker stuck to its full-year delivery forecast, and hinted at even stronger numbers in 2021, following stronger-than-expected third quarter earnings after the close of trading yesterday.

Tesla said non-GAAP earnings for the three months ending in September were pegged at 76 cents per share, more than double last year’s tally and well ahead of the Street consensus forecast of 37 cents per share. Group revenues surged 38% to $8.771 billion, Tesla said, as delivery volumes for the quarter hit a record 139,300 units.

That pace, Tesla said, should increase even further over the final months of the year as the group held to its 2020 forecast of 500,000 deliveries, a figure that suggests the fourth quarter total would need to rise past 180,000.

Founder and CEO Elon Musk also told one analyst on the earnings

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Elon Musk: Tesla ‘full self-driving’ price to jump by $2,000 shortly

  • Tesla is raising the price of its “full self-driving” software by around $2,000, its CEO Elon Musk announced on Thursday.
  • The price of the assisted driving add-on will rise on Monday, October 26, to $10,000. 
  • It follows the limited beta release of the software on Tuesday.
  • Tesla has raised the price of its “full self-driving” feature, which isn’t actually fully autonomous, many times in the past, and Musk has said it will eventually cost more than $100,000.
  • Visit Business Insider’s homepage for more stories.

Tesla is about to raise the price of its “full self-driving” software by about $2,000, CEO Elon Musk announced on Thursday.

The price of the assisted driving add-on will jump on Monday, October 26, Musk said on Twitter. The price hike will apply to both new vehicles and upgrades to cars customers have already bought.

After the price hike, the tech will cost $10,000. 

It follows

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Tesla posts most profitable quarter yet, races toward full-year profit

  • Tesla on Wednesday announced its third-quarter financial results. 
  • The electric-car maker reported adjusted earnings per share of $0.76 on top of $8.77 billion in revenue. 
  • Wall Street analysts polled by Bloomberg had expected $0.55 per share and $8.2 billion of revenue. 
  • Visit Business Insider’s homepage for more stories.

Tesla on Wednesday posted its fifth consecutive profitable quarter, putting the electric automaker on track to turn its first-ever annual profit this year.

The company said it earned an adjusted $0.76 per share for the three months that ended September 31 on $8.77 billion in revenue. Wall Street analysts polled by Bloomberg had expected $0.55 of earnings per share on $8.26 billion in revenue. 

The company’s stock price rose about 3% in late trading following the release. Shares have soared nearly 400% higher this year as investors clamor for a piece of Tesla’s growth.

“We continue to see growing interest in our

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Tesla releases long-awaited ‘full self-driving’ software in beta

  • Elon Musk said Tuesday that Tesla was releasing a beta version of its long-awaited “full self-driving” software.
  • The billionaire said the rollout would be “extremely slow & cautious” but provided little other information about its functionality. 
  • Tesla’s self-driving development has always bucked industry trends, sometimes with disastrous results.
  • Visit Business Insider’s homepage for more stories.

Tesla has begun releasing a beta version of its long-awaited “full self-driving” software, CEO Elon Musk said Wednesday, while providing little clarity about its functionality.

“FSD beta rollout happening tonight,” Musk said on Twitter on the eve of Tesla’s third-quarter earnings report. “Will be extremely slow & cautious, as it should.”

 

The release, even in a beta version to a limited number of customers, has been years in the making. At a September event, Musk teased the release, saying the update is a “hell of a step change.” It

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Tesla stock climbs after hours after company posts record profit and says it will sell half a million cars this year

Tesla reported by far its best quarterly profit Wednesday and said it still hopes to hit its target of half a million car sales this year.



a car parked in a parking lot: Tesla Inc. vehicles are displayed in a Tesla store in Colma, California, U.S., on Thursday, Sept. 24, 2020. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced -- the first state to set an expiration date for the traditional automobile. Photographer: David Paul Morris/Bloomberg via Getty Images


© David Paul Morris/Bloomberg/Getty Images
Tesla Inc. vehicles are displayed in a Tesla store in Colma, California, U.S., on Thursday, Sept. 24, 2020. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced — the first state to set an expiration date for the traditional automobile. Photographer: David Paul Morris/Bloomberg via Getty Images

The strong results and ambitious goal were good news to investors in the high-flying stock, which has gained more than 400% so far this year. Shares of Tesla climbed once again in after-hours trading on the earnings report.

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There had been doubts that Tesla could achieve its goal of delivering 500,000 cars to customers this year,

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Tesla reports record profit and maintains ambitious sales target

Tesla reported by far its best quarterly profit Wednesday and said it still hopes to hit its target of half a million car sales this year.



a car parked in a parking lot: Tesla Inc. vehicles are displayed in a Tesla store in Colma, California, U.S., on Thursday, Sept. 24, 2020. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced -- the first state to set an expiration date for the traditional automobile. Photographer: David Paul Morris/Bloomberg via Getty Images


© David Paul Morris/Bloomberg/Getty Images
Tesla Inc. vehicles are displayed in a Tesla store in Colma, California, U.S., on Thursday, Sept. 24, 2020. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced — the first state to set an expiration date for the traditional automobile. Photographer: David Paul Morris/Bloomberg via Getty Images

The strong results and ambitious goal were good news to investors in the high-flying stock, which has gained more than 400% so far this year. Shares of Tesla climbed once again in after-hours trading on the earnings report.

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There had been doubts that Tesla could achieve its goal of delivering 500,000 cars to customers this year,

Read More