All new Tesla models will have hardware to enable them to be fully self-driving. Jeanne Yurman reports.
Tesla is equipping all its new models to go on full autopilot. Every vehicle will get eight cameras, 12 updated sensors, and a fast-processing radar for the price of $8,000, Tesla's chief executive Elon Musk said in a conference call. Tesla's Model S and Model X cars are already have the new equipment. Though the software to run it is still being tested. Musk also said he expects Tesla cars to be able to drive in full autonomous mode from Los Angeles to New York by the end of 2017. Michelle Krebs, analyst with Autotrader, says it's not surprising that the company wants to be at the forefront of the autonomous vehicle movement. However, there is one caveat. (SOUNDBITE) MICHELLE KREBS, SENIOR ANALYST, AUTOTRADER, (ENGLISH) SAYING: "The Model 3 was intended to be a very mainstream vehicle in terms of size, and package, and price. This is adding to that price, so is it really going to be mainstream in terms of price? Adding $8000 to what was supposed to be a $35,000 car is pretty significant." Also, there's still no regulation for autonomous driving. Tesla's shares traded in the red after the autopilot announcement. They're down more than 20 percent since an April high, after a few rocky months for the company. The death in May of a Tesla driver using the company's Autopilot system prompted an investigation by safety regulators. And Tesla's decision to buy money-losing SolarCity have increased scrutiny on Tesla's financial and regulatory challenges.