Tesla to Roll Out Software with Self-Driving Package

Jun 11, 2018 | 221 views

Tesla's Autopilot driver assistance system will get full self-driving features following a software upgrade in August. 

Tesla stock rallied as much as 5 percent on Monday after CEO Elon Musk tweeted this, among other promises. This would appear to put Musk on track to achieve the promise he made two years ago to offer “full self-driving” capabilities to Tesla owners by 2019. At the time, Musk said that all of his company’s vehicles would be shipped with the hardware necessary for “full self-driving.” That meant customers interested in the feature could shell out $3,000 for an add-on to its $5,000 “Enhanced Autopilot” option.

However, it was not clear what self-driving features would be included in the August update, as they have been gradually upgrading Autopilot features with regular software updates. The latest over-the-air software update came in March 2017, which included improved Autosteer for speeds up to 90 mph and auto lane changing

Tesla's documentation on its website about the "full self-driving capabilities" package says that it is not possible to know exactly when each element of the functionality will be available, in part because it is highly dependent on local regulatory approval.

The company faces a number of serious challenges and remains among the most shorted stocks on the market.

Tesla recently agreed to settle a class-action lawsuit initiated by Tesla Model S and Model X owners who spent thousands for Autopilot software and extra safety features — like side collision warnings and automated emergency braking — that they said were never delivered.

It is also facing investigations into whether and how Autopilot may have contributed to crashes involving Tesla vehicles.