Elon Musk Promises Free Hardware 4 Upgrades if Tesla's Hardware 3 Fails Full Self-Driving Test
Portfolio Pulse from Rounak Jain
Tesla CEO Elon Musk announced that if Tesla's Hardware 3 (HW3) cannot achieve unsupervised full self-driving (FSD), the company will offer free upgrades to Hardware 4 (HW4) for affected customers. This marks the first public acknowledgment of HW3's potential limitations. Tesla's stock rose over 12% following the announcement.
October 24, 2024 | 11:48 am
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POSITIVE IMPACT
Tesla will offer free upgrades to HW4 if HW3 fails to achieve unsupervised FSD, acknowledging HW3's limitations. This announcement led to a 12% increase in Tesla's stock price.
The announcement directly impacts Tesla's product offerings and customer satisfaction, as it addresses potential limitations in HW3. The stock price increase indicates positive investor sentiment towards Tesla's proactive approach.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100