According to intriguing market speculations,
Tesla Motors, Inc.
) is planning to join hands with Apple Inc. (
) to add a new feature to its Model S range of vehicles. The
collaboration will allow Tesla's customers to perform basic Model S
car operations through Apple iPhones. In order to facilitate this,
Tesla will likely update Model S firmware soon.
Tesla did not elucidate on the operations of the new system.
Moreover, Tesla's vehicles will integrate the phone calendar into
the dashboard, thereby offering better power management, and a
navigation system which predicts busy routes, similar to Google Now
However, it is to be noted that this new feature may find usage
only after Apple launches the iOS 8 operating system. It also
expected that Android handsets will get similar abilities in the
Tesla is focused on enhancing Model S features in order to provide
a better driving experience to customers. The other improved
features include voice-controlled song selection and enhanced
Recently, Tesla announced a warranty extension on its Model S drive
unit to eight years and infinite miles. This is same as the
warranty on the battery pack. Moreover, the electric carmaker has
not put any restriction on the number of owners the car can belong
to during the warranty period. Further, the warranty extension is
being implemented on a retrospective basis to all Model S sedans.
The extension of the warranty reflects Tesla's belief that electric
motors are more reliable than gasoline engines due to the lower
number of moving parts and absence of oily residue or combustion
byproducts. Interestingly, the electric carmaker believes that it
should have provided this warranty from the beginning itself.
Currently, Tesla sports a Zacks Rank #1 (Strong Buy). Other
well-placed auto stocks worth a look include CarMax Inc. (
) and Fox Factory Holding Corp (
). Both these stocks have a Zacks Rank #2 (Buy).
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