Tesla never fails to amaze the consumers.
Tesla’s CEO has announced last year that they will introduce two-factor verification for the Tesla Car- App. However, up until now it has not yet available. And just recently, Musk tweeted that it is yet to be available and finally close to happening.
Tesla’s Musk even acknowledged the embarrassment for its delay.
The Two- factor Authentication App
It has been reported that this additional feature would likely be able to use SMS and App-based authentication. Based on their app testing, the App-based feature is more secure and reliable. For the reason behind that, the SMS-based authentication can be hacked SIM cards and intercept verification numbers sent via text.
According to TechCrunch reports, the two-factor is vital for an app like Tesla. This provides car owners to control their Tesla cars remotely. The app also can unlock and lock the company’s EVs from afar, to update a vehicle’s software, to start or stop charging, and to locate a vehicle and track its movements.
As for the Autopilot feature, the app can even summon a vehicle from near range places.
Elon Musk will still have to release his official statement in regards to this matter.
Tesla Beats Ford As The Leading US Carmaker
Tesla becomes the most valuable US carmaker of all time after the company closed Monday with a market value of $81.39billion surpassing Ford Motor’s peak of $80.81billion set in 1999. Their shares were trading over 5% before the market opened again on Wednesday and finished the day before at $469.07.
Considering Tesla pushes at a higher valuation than Ford, it will rank the 6th most top valued carmaker by market cap. This then will fall behind Toyota Motor Corp, Daimler AG, Volkswagen AG, BMW AG, and Honda Motor Co. They will still have a long way to go to match Toyota’s $172 billion market cap.