Why the price has increased today

  • Tesla Inc’s (NASDAQ: TSLA) share price rose more than 4% during today’s intraday trading. That’s why it happened.

Tesla Inc’s (NASDAQ: TSLA) share price rose more than 4% during today’s intraday trading. Investors appear to be responding positively to an issue that is being resolved through a software update.

Tesla told the National Highway Traffic Safety Administration on Thursday evening that it was sending a software update to prevent playing video games when the vehicle is in motion. A day before the announcement, NHTSA said it would investigate whether drivers would be able to play games on a touchscreen. At the time, NHTSA said it would open an investigation into 580,000 Tesla Model 3, Model S and Model X vehicles sold between 2017 and 2022 following a complaint filed in August. And the agency said it would examine whether drivers could be distracted by playing games on the main screen with the “Passenger Play” feature.

“After opening a preliminary assessment of Tesla’s Passenger Play, Tesla informed the agency that it was changing the functionality of this feature,” an NHTSA spokesperson said in a statement sent by courier. electronic. via CNBC.. “In a new software update, ‘Passenger Play’ will now be locked and unusable when the vehicle is in motion.”

Disclaimer: This content is intended for informational purposes. Before you make an investment, you need to do your own analysis.

Eleanor C. William