Tesla CEO Elon Musk is also chairman of the board for SolarCity Inc., while his two cousins, Lyndon and Peter Rive, run SolarCity, according to a lawsuit filed Thursday in Delaware Chancery Court by City of Riviera Beach Police Pension Fund.
The National Highway Traffic Safety Administration is investigating a May 7 fatality in Florida in which a driver using Tesla's Autopilot system crashed into a truck.
The updates, which Musk said on Twitter will be widely released in "a few weeks", will be implemented via an over-the-air software update for vehicles equipped with Autopilot hardware.
Daniel Sparks owns shares of Tesla Motors.
Tesla is set to lift the electric auto industry up once again as it is speculated that the highly-anticipated Tesla Model 3 will come with more improved battery packs for longer driving hours.
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.
Shortly after powering up its Model S with a larger battery-an upgrade that turned the electric sedan into the fastest auto now in production-Tesla Motors Inc. was given the regulatory green light to speed forward with its planned acquisition of rooftop solar company SolarCity Corp.
Perhaps more alarming is the fact that Tesla also said the regulatory filing that 15 separate institutional investors passed on the opportunity of either acquiring SolarCity or injecting equity into the company. The feature will only be reactivated if the auto is stopped and put in "Park".
Following months of relatively no-news surrounding upcoming features for Tesla's Model 3, we received a tip that "Supercharger Credits" may be making its way to reservation holders.
It's not at all surprising that Tesla plans to raise more money by the end of the year. Tesla needed to respond to the number of accidents that have been blamed, right or wrong, on the Autopilot system.
The new (rumored) ability to travel between freeway interchanges autonomously is reportedly the result (mostly) of substantially improved mapping devices.