Tesla electric cars such as the Model S and Model X are known for their sleek looks, hefty price tags and rapid acceleration.
"Latest update should have a positive effect on latter issue especially". The version 9 update will be pushed out over-the-air to Tesla owners.
The last time Tesla updated its software was with version 8.0 in 2016.
"To date, Autopilot resources have rightly focused entirely on safety. With V9, we will begin to enable full self-driving features", Musk tweeted.
The upgrade comes amid a storm of bad publicity for Tesla in recent months, after numerous crashes were linked to drivers using the Autopilot feature.
Troubled electric-car maker Tesla may be set to deliver new, fully autonomous vehicle features later this summer. But with Musk, you never know.
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It is instead created to aid motorists with driving tasks like staying in lane in a bid to reduce accidents.
In context: Tesla's Autopilot has been under the spotlight recently for all the wrong reasons, but the company has just announced that it will soon improve the system's autonomous abilities.
The Tesla Model X had been operating using the firm's Autopilot software when it collided with a freeway barrier in Silicon Valley, California. As the company revealed a few months ago, the forthcoming Roadster - which is set to be released in 2020 - can go from 0-60 miles per hour in just 1.9 seconds flat and boasts a top speed in excess of 250 miles per hour.
A southbound view of the March 23 accident, as printed in the NTSB report. "Maybe they will even allow a Tesla to fly ..."
The crash on U.S. 101 killed the driver, Walter Huang, 38, an Apple software engineer. Hence he was not in control of it, nor was he paying attention to the road at the time. Tesla has also released a second teaser image of the new SUV.
Under the update, the "Hold Steering Wheel" alert appears every 15 to 20 seconds when pressure is not detected on the steering wheel.
Tesla's vehicles have been involved in several crashes this year and at least two people have died in those crashes.