In the latest round of updates for Tesla vehicles, the company has made improvements to its rear camera view and video post-processing. With the update 2023.32, Tesla has cropped the video feed of the reverse camera to eliminate the view of the trunk and most of the bumper. While this may appear to decrease the visual range, it actually provides a clearer, more centralized perspective of the environment behind the vehicle, minimizing distractions and enhancing safety.
Additionally, Tesla has enhanced the camera clarity by improving the white and color balance of the camera feeds. This results in a more natural-looking video display during live view and while using features like Sentry Mode or the Dashcam. Interestingly, the preview of each camera feed under Controls > Service still shows the unaltered camera feeds, including the repeater cameras.
Tesla’s attention to detail and continuous updates reflect their commitment to making their vehicles better and ensuring customer satisfaction. The company has already established itself as the leader in the EV market, and these small tweaks further enhance their vehicle’s features and functionality.
In other news, Tesla has embarked on its largest lease securitization project to date, worth a staggering $1.8 billion. Through securitization, Tesla bundles together many car leases and sells them as bonds to investors, allowing the company to receive a large sum of money upfront. This increased liquidity will enable Tesla to offer more leasing opportunities to potential customers and expand its business. By leveraging its existing assets and creating financial instruments backed by the value derived from its leases, Tesla is positioning itself for growth and financial success.
This securitization strategy is not new for Tesla, but the current issuance marks the largest since 2014. The proceeds from this endeavor can fuel Tesla’s ambitious expansion plans and serve as an alternative funding source apart from the conventional corporate bond market. The success of this strategy is evident as Tesla’s share prices have risen, indicating investor confidence in the company’s plans.
In the realm of manufacturing, Tesla is on the verge of a groundbreaking evolution with its innovative gigacasting process. This process aims to revolutionize vehicle production and reduce production costs by half. By utilizing gigacasting, Tesla can create large, complex parts for its vehicles in a single casting, streamlining the manufacturing process and increasing efficiency.
Sources:
– Source article: “Tesla Makes Another Under-the-Radar Update With Rear Camera — This One Is Pretty Sweet” by Kevin Armstrong
– Source article: “Tesla launches its largest car lease securitization project so far, $1.8 billion worth” by Kevin Armstrong
– Source article: “Tesla is nearing a manufacturing breakthrough with gigacasting, could halve production costs” by Kevin Armstrong