"CEO Elon Musk admitted that millions of Tesla owners will need hardware upgrades to run a future, more capable version of its Full Self-Driving software that doesn't require human supervision."
"Musk said the company would need to physically upgrade each of these vehicles, a feat that would require Tesla to set up microfactories in several major cities to service potentially millions of vehicles."
"This is not going to be cheap, and it could be one of the line items in Tesla's capital expenditures budget, which it expanded to a whopping $25 billion this year."
Tesla's recent earnings report revealed $1.4 billion in free cash flow, surprising investors. CEO Elon Musk announced that millions of Tesla owners will need hardware upgrades for a future version of Full Self-Driving software. This upgrade will necessitate setting up microfactories in major cities to service potentially millions of vehicles. The financial implications are significant, as Tesla's capital expenditures budget has expanded to $25 billion this year. The need for upgrades has raised concerns among owners of Hardware 3 cars sold between 2019 and 2023.
Read at TechCrunch
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