Price

Elon Musk reveals another Tesla “Full Self-Driving” price increase

Tesla may be credited for turning the automotive industry on its head and pushing forward battery-powered cars and power solutions, but that might not be what it’s remembered for. Company CEO Elon Musk has long been promising a future of fully autonomous cars, but its Full Self-Driving (FSD) feature, despite the name, barely makes the grade. The capability has been one of Tesla’s most controversial features, and the controversy just keeps coming with this latest pre-announcement from Musk.

Image: Tesla

Tesla cars have two features with names that spark the imagination and, at the same time, engender some confusion. Autopilot, a standard feature on all its models, offers basic driver assistance like automatic emergency braking, while the optional Full Self-Driving package adds more on top, including automatic lane changing and “smart summon.” The two names have been criticized as misleading, as drivers presume they can keep their hands off the

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Most of the adjustments occurring in the automotive market right now, including tightened credit score markets in a capital-intensive trade and increased government involvement are the most recent international challenges. For the final century, the automotive tradition has grow to be a global phenomenon. The auto business has formed the global economy and changed things for the better for billions of people. The worldwide car business is in higher shape immediately than it was five years ago. In the US, income and sales have rebounded from the financial crisis. Progress also stays robust in China.

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Electronics Responsible For 40 Percent Of New Vehicle’s Price

The exponential growth is expected to slow down in the coming years though.

Computing technology has made such a significant impact on the automotive industry through the last few decades. In a very simple explanation, it allowed us to have all the electronic safety and assist systems, plus the modern infotainment systems onboard our vehicles. It also made our cars safer, faster, more efficient, and even better looking, if you consider the current lighting technology.

A very comprehensive analysis from Deloitte, brought to our attention by Car and Driver, even estimates that electronics now account for approximately 40 percent of the price of a new car. For a comparison, just 20 years ago, when fuel injection systems, ABS, and ESP were already the norm, that portion was just 18 percent.

Studying The Automotive Industry:

“Semiconductor vendors play a critical role in the automotive industry supply chain,” Deloitte analysis

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