Tesla Inc. (TSLA) is rolling out the next version of its software in August, and it will include a focus on self-driving features, CEO Elon Musk said in a tweet.
Musk, responding to a user’s concern regarding how the autonomous driving features function in the case of two lanes merging, said that the autopilot’s issue is fully fixed in the next update.
“That issue is better in latest Autopilot software rolling out now & fully fixed in August update as part of our long-awaited Tesla Version 9. To date, Autopilot resources have rightly focused entirely on safety. With V9, we will begin to enable full self-driving features,” Musk tweeted.
Analyst: Tesla’s Technical Chart Appears Healthy
Tesla has been garnering more criticism as it burns through cash and has suffered from a significant amount of production delays. (See also: Why Tesla is Burning Through Cash.)
But at least one technical analysts says the electric carmaker’s stock still has plenty of upside after it had recently reversed out of a significant sell-off based on its fundamentals like cash flow.
TradingAnalysis.com’s Todd Gordon told CNBC late last week that Tesla stock has a pattern of consolidating then surging higher after such declines.
"As everyone was really coming down on Telsa on the fundamentals you can see that all we did was a 37 percent decline which was very much in line with the last decline, which was 34 percent. It's actually very symmetrical, very technical, and very expected," Gordon said. (See also: Tesla to $400 and Beyond, Say Street Bulls.)
Tesla shares are down more than 14% in the past 12 months. The stock has risen 2% this year.