Tesla's release of new 'self-driving' software closely watched by US regulator

Daniel Fowler
October 24, 2020

This week " s announcement coincided with a marketing push that is certain to further rattle even the most loyal of Tesla customers, with the company warning customers that they had just days to buy the system until its price increased further to $10,000.

Tesla's website describes the new software release as "Autosteer on City Streets", saying the system requires active driver supervision and does not make the auto autonomous.

The planned rollout is in line for Tesla's plans, which include a fleet of Robotaxis that will require both the ability to handle zero-intervention drives and the "Car Access" feature, which will enable Tesla owners to decide who is authorized to enter and use the Tesla. As TechCrunch reported past year when the company unveiled the plans for the latest version of its autonomous driving package, Musk described multiple levels of Tesla's assessment of self-driving tech, and specified that this meant cars are "able to be autonomous but requiring supervision and intervention at times".

On Tesla's third quarter earnings call Wednesday, Musk shared a bit more about the limited release of the FSD features.

A Tesla Model 3 vehicle
Video Pause AP Tesla CEO Elon Musk

The automaker's stock price has soared nearly five-fold this year, giving the group a bigger market capitalization than Johnson & Johnson, Procter & Gamble, or JPMorgan Chase. He said it allows Tesla cars to autosteer on city streets, which was previously only available on highways and major thoroughfares.

"We put it out there last night, and then we'll see how it goes, and then probably release it to more people this weekend or early next week".

Earlier this month, Musk replied "Next year for sure" on Twitter to a post with a photograph of a T-shirt with the message: "India wants Tesla". He claimed there are already many small improvements since the reveal.

Soon after the Covid-19 related lockdowns, the Karnataka government has gone on an overdrive to get worldwide investors to expand to Karnataka and bring in more investments - and thus jobs - to the State.

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