Tesla Inc Quietly Begins Delivery of Model Y with Upgraded Self driving Hardware

Tesla, Inc. Quietly Begins Delivery of Model Y with Upgraded Self-Driving Hardware

Tesla, Inc. (NASDAQ: TSLA) has started delivering Model Y vehicles equipped with the latest self-driving hardware, Hardware 4 (HW4). This new hardware includes enhanced cameras with a larger lens and higher resolution, allowing for better video footage.

The HW4 cameras are positioned similarly to their predecessors but with a noticeable upgrade in lens size. What sets them apart is their improved resolution, now at 5 megapixels compared to the previous Hardware 3’s 1.3 megapixels. This advancement enables Tesla’s sentry mode, which records the surroundings while parked, to capture higher-quality video.

Despite the significant advancements, Tesla has not officially announced the deployment of HW4-equipped vehicles. Nevertheless, vigilant observers using the Not a Tesla App and Twitter user @BLKMDL3 have spotted numerous Model Y vehicles adorned with distinctive red HW4 cameras in a delivery lot.

On Thursday, Tesla, Inc. (TSLA) started the day on a positive note, opening at $186.54, which was a 2.00% increase from the previous day’s closing price of $182.90. Throughout the day, the stock fluctuated between $180.58 and $186.78, with a trading volume of 2,925,689 shares. Notably, Tesla’s market cap reached a staggering $571.0B.

TSLA’s earnings growth for this year stands at -17.60%, but there is excellent news on the horizon for investors. Analysts forecast a robust earnings growth of +15.00% for the next five years, signaling a positive outlook for the company. In addition, Tesla achieved a remarkable revenue growth of +51.35% last year.

It’s important to note that TSLA’s price-to-earnings (P/E) ratio currently stands at 54.1, which is relatively high when compared to the industry average. Furthermore, the price-to-sales ratio for Tesla is 5.25, and the price-to-book ratio is 12.75.

Compared to other notable automotive companies, TSLA demonstrated a positive change of +1.57 (+0.86%) in stock price, while Toyota Motor Corporation (NYSE: TM) also exhibited a positive change of +0.30 (+0.19%). On the other hand, Ferrari N.V. (NYSE: RACE) experienced a slight decline with a negative change of -0.36 (-0.13%), and Stellantis N.V. (NYSE: STLA) had a negative change of -0.10 (-0.57%).