Thursday, 22 October 2020

Explainer: Tesla's self-driving ambitions get a reboot

By Edward Taylor
FRANKFURT (Reuters) - Tesla Inc <TSLA.O> Chief Executive Elon Musk on Tuesday evening tweeted that the electric car maker will be rolling out a new version of its Full Self Driving software, the latest attempt by the California-based company to tout autonomous driving.
Tesla's "Full Self Driving" software would be an important source of revenue, once it is fully deployed. Tesla owners have paid $8,000 up front in hopes of eventually receiving the upgrade. In the second quarter alone, Tesla recognized $48 million of FSD deferred revenue. Tesla reports third-quarter results after the New York market closes on Wednesday.

WHAT DOES 'SELF-DRIVING' MEAN?
The Society of Automotive Engineers (SAE) and most automakers define five levels of ...


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