Tesla cars now scan for potholes to avoid damage

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In a recent software update, electric vehicle maker Tesla ($NASDAQ:TSLA) confirmed that its vehicles are now scanning for rough roads, like potholes, to help avoid them damaging the vehicles by adjusting the suspension. According to Electrek, the car owners can activate the new feature by selecting “Comfort” under the Adaptive Suspension Damping setting, but the new feature may be dependent on where the vehicle is being driven — meaning it may not be available for every pothole and road crack. This new development raises the question of how this will affect Tesla’s market and earnings in the long term.

On the one hand, this new feature could be seen as a positive selling point for Tesla’s vehicles, as it highlights the company’s commitment to safety and customer satisfaction. On the other hand, some might argue that this is simply a case of Tesla playing catch-up with other automakers who have already implemented similar features in their own vehicles. Only time will tell how this new development will impact Tesla’s bottom line, but it is certainly an interesting development to keep an eye on in the coming months and years.

Share Price Snapshot

On Tuesday, Tesla’s stock opened at $669.0 and closed at $699.2, up by 2.6% from prior closing price of 681.8. This came after a weekend of mixed media coverage on the company, with some outlets praising Tesla’s new Cybertruck and others expressing skepticism about its design. Live Quote…

About the Company

Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. More…

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VI Analysis

The intrinsic value of a company’s stock reflects the company’s long-term potential. The VI app makes it easy to analyze a company’s fundamentals and calculate its intrinsic value. Based on the VI Line, the intrinsic value of Tesla’s stock is around $685.8. The stock is currently trading at $699.2, which is a fair price but is slightly overvalued by 2%. More…

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Summary

Some people are excited about the technology and believe that it will help Tesla cars last longer. Others are worried that the cars will be more expensive to fix if they do hit a pothole. Overall, the stock price of Tesla was up 2.6% the day after the news was announced. Tesla cars will continue to increase in value, especially as the technology improves.