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Tesla Motors Inc Again Proves It’s Not A Conventional Automaker (TSLA)

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Tesla Motors Inc ( TSLA ) CEO Elon Musk posted a series of tweets on Saturday, mapping an update schedule that is more often seen among smartphone makers than traditional automakers.

Tesla Inc (TSLA) Solar Roof Tiles to Go on Sale in April

"@elonmusk How are the Solar Shingles coming along? Is there an ETA? Hoping my roof survives till then," Twitter Inc user Michael Hols‏ .

The schedule indicates that the automaker is expecting to release major updates to its vehicles every 12-18 months, according to MarketWatch .

Retrofits to Slow Tesla's Progress

"Tesla will never stop innovating. People are buying the wrong car if they expect this. There will be major revs every 12 to 18 months. . . . If we applied resources to doing super complex retrofits, our pace of innovation would drop dramatically," Musk tweeted.

Adding self-driving tech to earlier vehicles would require replacing 300 parts, something that needs stripping the "entire car," he added.

According to Musk, cars with HW2 technology made after October 2016 are now getting Autopilot. Musk also warned owners to be careful while their car's cameras readjust.

Responding to his tweet on Sunday, Musk said the auto-steer mode is limited to 45 mph for now, but once the company gets more driving data, it will raise the speed.

Tesla Acts More Like a Tech Company

Before making any major upgrade launches, traditional automakers usually keep the same base technology for about five years. Tesla is known for operating more like a tech company and less like an automaker, not to forget its fondness of conducting beta tests and constant lineup adjustments. This all strengthens the belief that the EV firm has no plans of settling into the familiar patterns of its conventional rivals, notes Engadget .

However, it has both positive and negative aspects associated with it. On one hand, it guarantees owners cutting-edge tech whenever they buy a Tesla, while on the other hand, it means that owners will find their cars outdated in record time.

This could make owners hesitant to buy one if they suspect they will miss out on a must-have feature, notes Engadget.

Of course this means the only way for owners to keep their vehicles the most up to date is by buying new Teslas.

The post Tesla Again Proves It's Not A Conventional Automaker appeared first on ValueWalk .

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The post Tesla Motors Inc Again Proves It's Not A Conventional Automaker (TSLA) appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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