Boston, MA 10/18/2013 (wallstreetpr) – The carrier AT&T Inc. (NYSE:T) has been pushing boundaries, or is at least eager to. This explains the carrier’s deals with a number of automakers for car cell connections. The latest in the company’s list of targets is Tesla Motors. Tesla is the manufacturer of electric vehicles which means that car owners can now drive as much as they desire without spending a dime in refueling.
Tesla has its Model S electric car that is already charming the automaker while spinning the heads of other automakers. The company is releasing its newest Model X cars by early 2014. Now, both these cars, Model S and Model X will have cell connection from AT&T Inc. This means the carrier now has yet another reliable and almost sustainable revenue source.
For the Tesla’s cars, the connection will go beyond offering cars performance and maintenance information to enabling the occupants to access internet inside the car on their smart-devices. The carrier plan to offer Tesla upgraded 3G network or 4G.
This means that car owners and occupants can surf the web, watch video and make a lot other internet connection on their mobile devices, whenever and wherever they need it.
It has to be remembered that this is not the first time AT&T Inc. is bring cell connection to Tesla machines. The Model S had it already, but the functionality was very much limited, and now this comes not only as an upgrade, but also to deliver greater efficacy and convenience.
In plotting to expand its revenue sources, AT&T Inc. is not just seeing Tesla. Other car makers Nissan and General Motors are already on its cards. It is reported that these automakers, perhaps out of desperation to eat part of Tesla’s lunch in the electric car market, have signed deals with AT&T Inc. for cell connection on their smart-vehicles as well.
That AT&T Inc. has chosen to leverage its earning outside the traditional businesses which are in any case decelerating; the company is keeping its investors’ interest in mind. No wonder its shares have jumped recently, gaining 0.70% on October 17, to close north $34.44.