Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Tesla seeks to expand ‘full self-driving’ software use - WSJ

Published 03/27/2024, 01:58 AM
Updated 03/27/2024, 01:58 AM
© Reuters.

According to a report by The Wall Street Journal on Tuesday, Tesla (NASDAQ:TSLA) is ramping up the promotion of its Full Self-Driving (FSD) capability as it looks to expand its use of the feature to increase revenue as it faces the possibility of reduced vehicle sales this year.

The publication stated that according to an internal email sent by Tesla's CEO Elon Musk, all customers must receive a test drive using the technology before receiving their vehicle.

The system is said to be an advanced version of Tesla's Autopilot technology, which is available on new Teslas and is aimed at helping with driving tasks like steering and lane changes.

The WSJ stated Musk said in the employee email that he knows it will slow down the delivery process, "but it is nonetheless a hard requirement."

In a reply to a user on X (formerly Twitter) on Monday, Musk remarked that "all US cars that are capable of FSD will be enabled for a one-month trial this week."

Tesla shares are up around 4% at the time of writing, trading above the $179 mark.

The latest developments come as Tesla has faced increased regulatory and legal scrutiny regarding the development and marketing of its driver-assistance systems.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.