The new hardware package will cost $8,000, Musk told reporters on a conference call. For a time, cars with the new hardware will have less capability to assist drivers with steering or braking than older cars running Tesla's Autopilot, Musk said. Musk said the software system is being built in-house and will run on an Nvidia Corp Titan chip. In the meantime, rival carmakers could introduce better solutions, Caldwell said, potentially making Tesla's hardware "obsolete almost as soon as it's activated for prime time." Tesla's self-driving announcement is the latest in a series of efforts over the last few months by Musk to maintain investor interest in Tesla as its stock price has fallen.

Source: India Today October 20, 2016 01:52 UTC