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Friday, October 10, 2014

Tesla unveils all-wheel drive Model S, "autopilot" features, (NASDAQ: TSLA)

Tesla Motors Inc on Thursday took its first step toward automated driving, unveiling features that will allow its electric sedan to park itself and sense dangerous situations.The company also said it will roll out an all-wheel drive option of the Model S sedan that can go from zero to 60 miles per hour in 3.2 seconds yet doesn't compromise the vehicle's efficiency.The car is like having a "personal roller coaster," Tesla CEO Elon Musk joked after making the announcement at the packed event in Hawthorne, California.Tesla's announcement had been eagerly anticipated since Musk last week tweeted that it was "about time to unveil the D and something else."

Tesla Motors, Inc. (Tesla) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Shares of TSLA fell by 7.04% or $-18.1/share to $238.91. In the past year, the shares have traded as low as $116.10 and as high as $291.42. On average, 5618820 shares of TSLA exchange hands on a given day and today's volume is recorded at 10596922.