Tesla To Release v7.0 update with Autopilot

Tesla most recently debuted its Model X SUV with its silly Falcon Doors and Ludicrous Mode acceleration.

A $75,000 price tag for Model X is particularly aggressive when you realize the company had generated about 25,000 orders for the vehicle ahead of its launch without any advertising.

Matterw DeBord of Business Insider thinks that Jim Chanos might be wrong in calling Tesla Motors an overprice carmaker.

The windfall could produce a public relations backlash among people who may object to tax cuts for the rich. Sales also support Tesla‘s efforts to transform the economics of lithium batteries, where cheaper, more powerful batteries would begin to shift the cost-competitiveness to the buyer away from conventional towards electric vehicles.

The tax break was originally meant to encourage farmers to invest in their businesses by spending more freely on equipment.

Start-ups in America and around the world are hiring top engineers in droves and promising to build new electric auto that will outdo anything Tesla has done to date.

Those road hogs, sold through General Motors dealerships, are no longer being made. This would put Model X pricing on par with the base model of Model S with dual motor. Vetr lowered Tesla Motors from a hold rating to a sell rating and set a $265.55 price target on the stock.in a research note on Monday, July 20th. The stock was sold at an average price of $264.53, for a total value of $396,795.00.

“And we’ll have a version that’s still on the expensive side but before any incentives will be about $75,000 next year”, Musk said during a recent Vanity Fair interview. According to Autoblog, the company is working on an automatic overtaking feature.

The tax deduction represents another coup for Tesla and Musk, which have already shown themselves adept at taking advantage of government programs. The hardware, which is not available as a retrofit, meaning you can only get it on new Teslas, will work with future software updates to deliver a range of autonomous-like features. The firm’s market cap is $27.95 billion. It also includes tax credits and rebates to buyers of solar panels and electric cars. Detailed reviews on the vehicle can be found here and here. Unfortunately, drivers will have to pay an extra $2,500 United States dollars for the feature. Musk failed to say anything else about the new vehicle software upgrade, but did answer a couple questions from his Twitter followers, states Fortune.

As with nearly all third-row seats, the Model X’s rear space is best suited to children.