According to USA Today, Elon Musk, CEO of Tesla, tweeted that Electric Vehicles version 7 will include Autopilot. Autopilot will hold the EV cars in its lane on roads and highways but the full implication of this function is not yet revealed. Tesla is also working on a self parking feature which will bring the Electric Vehicles closer to the self driving cars.
Initial Public Offering of Ferrari
According to NBR, Chrysler is hoping to raise one billion dollars in its initial public offering of Ferrari. It is offering a 9 percent stake to investors and it is expected that the shares will begin trading at $48-$52. Shares of Ferrari will trade on the New York Stock Exchange under the symbol “race”.