Elon Musk reveals ‘major’ update coming for Tesla’s Autopilot

The sum would be required for its facilities and appropriate equipment, which would be needed for the Model 3, a auto that is planned to enter production in 2017. The company will also invest in equipment for its battery producing Gigafactory in Nevada as well as building new retail locations and charging stations around the country.

Tesla expects to turn to debt offerings or potential equity to raise additional capital to help fund production of its Model 3 mass-market electric auto. The company already raised $1.5 billion in May to provide funding needed for production of the company’s mass market EV: the Model Three. As Tesla’s late-2017 timeframe for the first Model 3 deliveries appraoches, HTML code discovered on Tesla’s website seems to preview one payment option for Model 3 Supercharging.

Tesla received approval from federal anti-trust regulators from the Federal Trade Commission to acquire the struggling SolarCity, a company in which Elon Musk has previous ties with, as Solar City’s current largest shareholder and cousin of its CEO.

To shed light on this issue, however, an NHTSA spokesperson has confirmed to Business Insider that Tesla has been given another week to comply, so the company is expected to respond to the information request before or on September 2. What about Tesla Model Y?

According to Electrek, the new safety restriction blocks the driver from re-engaging the Autosteer feature of the Autopilot system in the event the system is disengaged because its audio and visual alerts were repeatedly ignored. The $5 billion battery facility is expected to pave the way for Tesla to produce affordable cars, as it will help lower the cost of battery acquisition. Tesla Motors Inc makes up approx 0.04% of Focused Wealth Management Inc’s portfolio.Tci Wealth Advisors reduced its stake in TSLA by selling 57 shares or 23.55% in the most recent quarter.

Evidence pointing to a likely debut of a pay-per-kWh model for Model 3 Supercharging is important news for investors. Tesla planned to redeem $422 million in convertible notes. Therefore it was of utter importance that Elon Musk and his company managed to tweak the batteries and change the mile range from 200+ miles to just over 300 miles.