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Is Tesla a buy?

Investing Experts

CHAPTER

Tesla's Promise to Upgrade to Level Five

The company has been selling their products ever since October of 2016 with a promise that they are going to be software upgradable to so-called level five. Elon Musk held the initial press conference in the third week of October in 2016, he said that the cars that are rolling off the line today in October 2016 and of course everything going forward were going to be upgradeable to level five. And of course, nothing has happened. I mean, we're talking, we're going on seven years now. Is it seven years? 2016? Yes, it's seven years. This is nowhere near right around the corner. We've seen these promises every single year now for at least seven years

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