Want to Test out a New EV? Tesla Is Paying Drivers for Just That
Key takeaways
- Tesla is hiring seasonal drivers to test out Tesla’s self-driving feature
- The move comes after Tesla was sued in a class-action lawsuit around collecting Tesla users’ data
- Tesla’s share price has skyrocketed a massive 167% this year so far
EV company Tesla is looking for seasonal drivers to take the wheel and test out the self-driving features on certain Tesla models. Sounds too good to be true, but the company is after the sweet, sweet data that comes with the cushy position. With Tesla stock flying high, it needs self-driving cars to carry on the gravy train. Let’s get into it.
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Why does Tesla need drivers?
Tesla wants you to test out its self-driving features. No, really. A slew of new job advertisements for Tesla test drivers have emerged; the positions are going for between $18 to $48 an hour, according to some job ads, and include day and night shifts.
Tesla says it needs people to collect “high-quality data that will contribute to the improvement of our vehicles’ performance”. It’s not the first time Tesla has recruited testers for its EV vehicles’ new features, but it’s a possible move away from collecting user data after a class-action lawsuit from earlier this year over Tesla users’ data privacy was launched.
Tesla has the Full Self-Driving software in beta testing at the moment, with its Autopilot driver-assist feature already available.
Tesla’s stock performance in 2023
Tesla, which is owned and run by controversial billionaire Elon Musk, has had a stratospheric rise in the stock price this year. It’s currently trading at around $289, which is a 167% increase since the beginning of 2023.
The shares have been boosted by competitors adopting Tesla’s Supercharger in the U.S., the company’s EV charger design becoming the de-facto standard and Musk’s gamble on slashing EV prices paying off.
Tesla is due to post its second-quarter earnings this week, which could cause a stir with investors and Tesla-stans alike if the company falls short of expectations.
The bottom line
Tesla’s new drive for data is a promising sign for those who have been waiting on Tesla to release fully automated cars. The next step is making sure those features actually work — otherwise, investors could be facing a potentially steep drop in the share price.
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