After teasing Tesla fans with a cryptic tweet last week, Tesla CEO Elon Musk unveiled new ''autopilot'' features for the Model S and an all-wheel version of the electric sedan. Jeanne Yurman reports
Turns out what was behind Tesla CEO Elon Musk's cryptic Tweet last week is a new semi-autopilot version of the Model S sedan. With added sensors it can park itself in a garage, "see" things like stop signs and pedestrians and turn on the air conditioning. It can also prevent accidents with computers kicking in and steering the car away from dangerous situations on the road. The electric car maker's chief said an all-wheel version of the Model S will arrive soon - equipped with a dual motor - that is a motor at either end of the chassis to boost control. Musk says this car is like having a "personal roller coaster" one that can rip from zero to 60 miles per hour in 3.2 seconds without losing efficiency. Tesla is the latest carmaker to jump into the feverish pursuit of hands-free driving technology. While the souped-up technology is wowing Tesla fans, investors aren't as impressed with shares falling in early trading. Many analysts argue Tesla shares are richly priced and they were hoping for a driverless car. Ben Kallo at Baird Equity Research says, "We believe the stock may face pressure despite the new technological features and options. Conversely, the lack of unveiling of the Model X leaves a significant near-term catalyst on the horizon." That Model X Kallo refers to is a third vehicle, this time a crossover SUV. Many experts agree with Kallo that the new features launched this week will give Tesla some momentum until it launches Model X next year.