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Tesla’s Electric Vehicles To Find Parking Spot On Their Own By 2019

"Model 3" has been available for over a year now with the 'Long-Range' battery pack version for 310 miles of range

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Tesla appoints Robyn Denholm to replace Musk as Chairman. Pixabay
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Announcing major improvements for Tesla’s Autopark (Summon) feature, CEO Elon Musk has said the company’s electric vehicles would be able to find a parking spot and even read signs for parking instruction to avoid tickets by next year.

The “AutoPark” feature comes with “Autopilot” which is its semi-autonomous driver assistance system. When prompted by a driver, the feature can move a vehicle into a parking spot.

“By next year, a Tesla should be able to drive around a parking lot, find an empty spot, read signs to confirm it’s valid and park,” Musk tweeted late Wednesday.

The electric carmaker’s “Autopilot” feature also uses software and hardware to enable automatic steering, braking, accelerating and lane changing under certain conditions.

“Musk described the technology as a ‘slightly smarter version’ of the automaker’s ‘Autopark’ feature which currently enables a Tesla to parallel park or perpendicular park on its own once the car is next to a clearly marked open spot,” reported USA Today.

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Tesla CEO- Elon Musk. (VOA)

The company has faced flak calling it “Autopilot”, since drivers are supposed to keep their hands touching the steering wheel.

Last month, the electric car maker announced a version of “Model 3” with a new ‘mid-range’ battery pack for $45,000 before incentives.

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“Costs $35k after federal and state tax rebates in California, but true cost of ownership is closer to $31k after gas savings,” Tesla CEO Elon Musk wrote on Twitter.

“Model 3” has been available for over a year now with the ‘Long-Range’ battery pack version for 310 miles of range. (IANS)

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Robyn Denholm Replaces Elon Musk As Chairman Of Tesla

Musk accepted the deal with the SEC "without admitting or denying the allegations of the complaint", according to a court document.

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Tesla
Tesla appoints Robyn Denholm to replace Musk as Chairman. Pixabay

 Electric car company Tesla on Thursday announced the appointment of Robyn Denholm, an executive at Australian firm Telstra, to become the Chair of the Tesla Board.

Denholm takes over the role from Elon Musk who agreed to step down as Chairman of Tesla for three years and pay a $20 million fine in a deal with the stock market regulatory authority, Securities and Exchange Commission (S.E.C.) to resolve securities fraud charges.

Musk will remain as Tesla’s chief executive.

“Robyn will be leaving her role as CFO and Head of Strategy at Telstra, Australia’s largest telecommunications company, once her six-month notice period with Telstra is complete. Robyn will be serving as Tesla Chair on a full-time basis,” Tesla said in a statement.

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A Telsa car recharges at a Tesla charging station in Charlotte, N.C. VOA

To ensure a smooth transition during the remainder of Robyn’s time at Telstra, Musk will be a resource to her and provide any support that she requests in her role as Chair.

“Robyn has extensive experience in both the tech and auto industries, and she has made significant contributions as a Tesla Board member over the past four years in helping us become a profitable company,” said Musk.

“I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy,” he added.

Denholm has served on the Tesla Board as an independent director since 2014.

Her global experience in both Australia and Silicon Valley encompasses leadership roles across a range of technology companies, including Telstra, Juniper Networks, and Sun Microsystems.

Tesla CEO Elon musk
Elon Musk agrees to step down as Chairman (VOA)

“I believe in this company, I believe in its mission and I look forward to helping Elon and the Tesla team achieve sustainable profitability and drive long-term shareholder value,” said Denholm.

The US SEC last month announced the deal with Tesla, after it sued Musk in federal court for misleading investors over his post on Twitter in August that he had “funding secured” for a buyout of the electric-car company at $420 a share, reports The New York Times.

Also Read: Elon Musk Shows a New Transportation System Being Developed Under LA

Musk accepted the deal with the SEC “without admitting or denying the allegations of the complaint”, according to a court document.

His tweet about taking his company private, along with attacks on critics on social media, raised concerns with investors about whether Musk has become too focused on criticism from so-called short-sellers who had been making bets against him and the company. (IANS)