Tesla-Like Software Updates Put Dealers’ Profit Center at Risk [Bloomberg Business News]
Tesla, Inc. (TSLA)
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Source: Bloomberg Business News
Auto dealers already feuding with Elon Musk for cutting them out of the car-buying process have another reason to dislike Tesla Inc. The over-the-air software updates Musk pioneered to add features or fix flaws in his electric vehicles are being embraced by more automakers, a potentially grim development for dealers who typically rely on parts and service for as much as half of gross profit. General Motors Co. will have new electronic architecture and infotainment systems that enable over-the-air, or OTA, updates before 2020, Chief Executive Officer Mary Barra said in July. Delphi Automotive Plc executives have called Tesla’s technology a “brilliant” disruption and are embedding OTA capabilities in the products the company supplies to carmakers in an “attack” on software-related warranty costs. “Right now, the industry has a very antiquated way of dealing with software fixes: It goes to a dealer, it gets re-flashed, the dealer gets money,” Delphi Ch
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- 4/25/24 - Form DEFA14A
- 4/24/24 - Form 10-Q
- TSLA's page on the SEC website