Tesla Motors Inc (NASDAQ:TSLA) may soon witness third party apps zooming into its infotainment system by the end of 2014, CEO Elon Musk stated in a Munich reception. Going by Musk’s statement, it is clear that the Tesla Model S center stack will turn into a general purpose computer.
Ride to become all more exciting
The Model S from Tesla may also be integrated with Google Inc (NASDAQ:GOOG) Chrome, which would be an advanced version compared to the current one, primarily for web apps. Musk talked about an Android emulator that can be featured into the Model S to benefit from its Linux platform. Tesla Motors Inc (NASDAQ:TSLA) Model S is already equipped with an AT&T network with an infotainment screen, and there are fair chances that Model X will get the AT&T network too. Information like the exact location of the car and driver statistics can be accessed, in case the car gets stolen.
At present, Model S software is based on Linux and Qt application development framework. So, the new framework will facilitate software developers to create a hassle free apps or port existing apps from Android. As Musk plans to integrate the Android emulator to the dashboard system in Tesla, developers and users can just run the apps inside a specialized window in the dashboard.
Additionally, Tesla Model S has a massive 17 inches capacitive dashboard with a string of features running from the normal car controls one to multimedia, navigation and vehicle data, and some can also be operated through Google Glass.
Tesla Motors Inc (NASDAQ:TSLA) will open its system for third party developers only towards the end of 2014 as it will first try to make some basic features available in international market, such as support for multiple languages and local navigation.
Analysts ratings on Tesla
Tesla Motors Inc (NASDAQ:TSLA) has been subjected to a number of analyst ratings recently. On Tuesday, analyst Craig Irwin at Wedbush Securities upgraded the stock from Neutral to Outperform, assigning it a price target of $240. Irwin increased the price target on the basis of a survey, which notes that the market for Tesla’s next generation of smaller, more affordable cars code named Gen III will be favorable.
Separately, in a report issued last week, Barclays analysts also reiterated Equal Weight rating on the stock with a price target of $141.00. The Street analysts assigned a Sell rating to the stock in a research note to investors on Friday, October 11th. Jefferies analysts also raised their price target from $160.00 to $210.00 in a research note to investors on Monday, October 7.