Tesla Inc. TSLA is reportedly engaged on a brand new software program replace that may embody parental controls, in a bid to boost security and safety. The replace, rumored to be model 2024.26, will introduce options resembling a “Evening Curfew” and velocity limiters.What Occurred: The “Evening Curfew” characteristic is predicted to alert dad and mom by way of the Tesla app if their automotive is pushed previous a sure time. Moreover, dad and mom will be capable of set most velocity limits and restrict acceleration, in response to Not a Tesla App and Tessie, web sites that observe Tesla software program modifications. The replace, which is claimed to have been launched to workers on Wednesday, may also embody a PIN-based system for enabling these options.These controls are designed to assist dad and mom implement curfews and monitor their youngsters’ driving habits. They may also enable dad and mom to set a most velocity restrict and cut back acceleration, just like the prevailing “Valet Mode” possibility. Different options will forestall drivers from disabling velocity limits and collision warnings, or computerized emergency braking.The replace can be anticipated to be helpful for Tesla homeowners who lease out their automobiles or lend them to others. The brand new options will add to the prevailing Tesla-specific options, resembling Sentry mode, which begins streaming a recording on the app if the automobile is hit.Tesla didn’t instantly reply to Benzinga’s request for remark.See Additionally: ‘They’re Nowhere Close to Being Robotaxis’: Bearish Tesla Analyst Says Musk Is Selling ‘Smoke And Mirrors,’Inventory Is OvervaluedWhy It Issues: This transfer by Tesla to introduce parental controls aligns with CEO Elon Musk‘s emphasis on security. Musk has constantly reiterated that security is the precedence as the corporate scales the skills of its full self-driving (FSD) driver help know-how in direction of autonomous driving.On the monetary facet, Tesla’s shares have been on a profitable streak as buyers start to consider potential elementary enchancment. A fund supervisor just lately recommended that for institutional buyers to connect worth to Tesla’s synthetic intelligence efforts, the corporate ought to start to interrupt out AI as a “separate” line with related metrics of their monetary statements.Younger drivers are notably susceptible to accidents general. In 2020, accidents have been the first reason for unintentional deaths amongst people aged 15 to 24, as reported by the Nationwide Freeway Site visitors Security Administration (NHTSA). In 2021, NHTSA information revealed that 2,116 drivers aged 15 to twenty misplaced their lives in automotive accidents, with roughly 203,256 sustaining accidents from crashes that 12 months.Worth Motion: Tesla Inc.’s inventory closed at $252.94 on Monday, up 0.56% for the day. In after-hours buying and selling, the inventory dipped barely to $252.71. Yr up to now, Tesla’s inventory has elevated by $4.52, representing a 1.82% acquire, in response to information from Benzinga Professional.Learn Subsequent: Picture Through Shutterstock This story was generated utilizing Benzinga Neuro and edited by Kaustubh Bagalkote