Tesla Motors, Inc.’s (TSLA Quick QuoteTSLA - Free Report) Autopilot feature has become costlier. The company has reportedly raised the price by $500 to $3,000 if the software is added before vehicle delivery and $3,500 if the software is added after the delivery of the car.

However, customers will not likely mind the price raise as it will be followed by a software update to version 8.0 soon. Tesla’s CEO Elon Musk recently revealed that the update is in final review stage and will have noticeable improvements.

Per Electrek, Autopilot Version 8.0 will have off-ramp and highway interchange features that will allow it to maneuver the car from one highway to another with a simple turn signal by the driver. It will also have more responsive Traffic-Aware Cruise Control and Autosteer features, better voice commands, and redesigned map and navigation interface.

Tesla’s Autopilot feature has recently come under scrutiny following some accidents. As a result, the company has stressed on the fact that the driver needs to remain alert even while the Autopilot is on.

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Zacks Rank

Currently, Tesla carries a Zacks Rank #3 (Hold). Some better-ranked automobile stocks include The Goodyear Tire & Rubber Company (GT Quick QuoteGT - Free Report) , Magna International Inc. (MGA Quick QuoteMGA - Free Report) and Fox Factory Holding Corp (FOXF Quick QuoteFOXF - Free Report) , each carrying a Zacks Rank #2 (Buy).

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