Tesla Releases Ultra-Modern Parking Feature

By Douglas A. McIntyre Updated Jan 11, 3:33PM EST · Published Nov 1, 4:50AM EDT

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Tesla Inc. (NASDAQ: TSLA) has released a new parking feature for some of its cars. Elon Musk took to Twitter to make an announcement instead of via press releases or media appearance.

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In a series of tweets, he wrote:

Tesla advanced Summon ready in ~6 weeks! Just an over-the-air software upgrade, so will work on all cars made in past 2 years (Autopilot hardware V2+).

Car will drive to your phone location & follow you like a pet if you hold down summon button on Tesla app

Also, you’ll be able to drive it from your phone remotely like a big RC car if in line of sight

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Presumably, RC stands for radio controlled.

When the feature was first announced two years ago, Tesla engineers wrote:

Last Fall, Tesla Version 7.0 software introduced a range of new Autopilot active safety and convenience features to give you more confidence behind the wheel, increase your safety on the road, and make highway driving more enjoyable. The release of Tesla Version 7.1 software continues our improvements to self-driving technology. This release expands Autopilot functionality and introduces the first iteration of Summon.

Using Summon, once you arrive home and exit Model S or Model X, you can prompt it to do the rest: open your garage door, enter your garage, park itself, and shut down. In the morning, you wake up, walk out the front door, and summon your car. It will open the garage door and come to greet you. More broadly, Summon also eliminates the burden of having to squeeze in and out of tight parking spots

As with other advanced Tesla features, drivers will need some time to see if it works.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.