Tesla plans to raise additional funds later this year and offer an updated version of its Autopilot system that has been the center of controversy for the California-based electric vehicle manufacturer.
Elon Musk, the company’s founder and CEO, tweeted earlier today the automaker plans to release updated software for the controversial Autopilot program that has been blamed for at least one fatal crash and alleged to have played a role other accidents.
The update, which will be delivered “over the air” to vehicle owners, will contain “major improvements” to the existing system. Critics have chided the Musk and Tesla officials for not shutting down the function in light of the fatal crash in May, but Musk steadfastly maintained that the system was not being used properly and that the company would continue with its development program. (more…)