Tesla has released its list of Spring software updates for all the models in its current line-up, including the Model 3, Model S, Model X, Model Y, and the Cybertruck. The updates include a comprehensive list of features like the highly anticipated adaptive headlights functionality, which is finally making its way to the U.S. and Canada.
New Features
The updates include:
- Adaptive headlights functionality for the U.S. and Canada
- Blind Spot Camera on the driver screen in the new Model S and Model X
- Updates to the dashcam that lets users record footage from the side cameras on B-pillars in both Dashcam and Sentry mode, increasing the total number of camera views to 6
- Comfort Drive function in the Cybertruck that automatically toggles once Autopilot is engaged
- Ability to choose default trunk and frunk heights based on location
- Navigation setting that allows drivers to avoid highways
Why it Matters
The updates bring in a comprehensive list of features to Tesla vehicles, which will help the company bolster its position in the domestic EV sales. Despite recent problems, Tesla still leads the domestic EV sales by a healthy margin. The company has also unveiled an all-new, cheaper trim level for the Cybertruck, which will retail for around $62,490 with the federal EV credit. The new trim boasts a range of 362 miles on a single charge, but misses out on features and is only available in the RWD option.
Impact on the EV Sector
The EV sector has seen growth in the U.S. with increased adoption among drivers. Tesla’s cheaper Cybertruck could help increase the company’s appeal and help solidify its sales proposition. The company’s recent debut in the Saudi Arabian market is also expected to contribute to its growth.
Current Price Action
Tesla’s stock is currently trading for $252.31 on the NASDAQ.
Conclusion
Tesla’s Spring software update brings a range of new features to its vehicles, which will help the company maintain its lead in the domestic EV sales. The company’s new, cheaper trim level for the Cybertruck is also expected to increase its appeal to customers. With the EV sector continuing to grow, Tesla is well-positioned to continue its dominance in the market.