Shares of Tesla fell Thursday after the electric car company announced an "auto steering" feature coming in about three months and software updates aimed at addressing battery concerns. However, pros told CNBC they were bullish on Tesla's prospects and its stock.
"The automotive industry has entered the digital age and Tesla is far and away the leader," said Drew Cupps, chief investment officer of Cupps Capital Management and a Tesla shareholder.
With the auto steering technology, drivers would not have to control the steering wheel, acceleration or braking when the vehicle is on the highway. During Thursday's conference call, Tesla CEO Elon Musk also detailed a separate update that includes a "range assurance" application and a trip planner. It will warn Model S drivers before they drive out of charging range and plan routes with charging stations.
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