This Week in Tesla: World’s Most Valuable Automaker Title Goes to Tesla, New Car Access Feature Released

Tesla Is Now the World’s Most Valuable Carmaker -

As of June 10th, 2020, Tesla has surpassed Toyota as the World’s most valuable carmaker, a massive step for the company and the future of EVs. Tesla’s stock price has been all over the place since they first went public in June 2010. Recently, the stock has been climbing and climbing, reaching $1,000 a share on June 10th.

The chart below shows the top 10 automakers ranked by market cap. Tesla had everything going for them as far as reaching this milestone. Virtually all other automakers have been losing value lately, while Tesla is growing rapidly. The reason behind the most recent stock push is that Tesla CEO Elon Musk recently stated internally that volume production of the Semi Truck is imminent. Tesla’s recent push to the top shows that innovation is still happening, and a company approaching its 17th birthday is more valuable than companies who were among the first to mass produce the automobile.

Tesla Releases New Car Access Feature -

It can be found in many facets of the Model 3 and Model Y that these cars are meant to be, and will one day be, robotaxis. From the impressive autonomous driving hardware, to the interior camera, the Model 3 and Y are only limited by their software. This week, Tesla improved the software by launching a new “Car Access” feature. The feature makes one of the things originally found most puzzling about the Model 3 almost obsolete, the key card used to unlock the car. Typically, Model 3 owners have their phone synced to the car so the car unlocks when they walk up, and they can get in and drive.

The issue lies in the fact that if a Model 3 owner wants to lend their car to someone, they have to give them the key car, or their login to their Tesla account, which is not information someone wants to give out liberally. The new feature enables an owner to enter someone else’s email address and then Tesla will send them an email prompting them to create a Tesla account and install the app. The person who created the account now has full access to the car via the app, and once they are done with the car, the owner can remove them from the list of drivers, revoking their access. This feature will open up a lot of possibilities in the future for Tesla as well as owners who are lending their car to someone.

‍