Tesla will roll out its FSD feature in a closed beta system test next week
The new autopilot software will be available to a small pool of Tesla owners
The updated FSD software is expected to include many new functionalities
Tesla CEO Elon Musk announced via Twitter on Monday that the company’s autopilot self-driving mode would be made available in a small beta test starting next week.
The closed beta-test system, which will be limited to a small pool of “expert and careful drivers,” will roll out next week, Car And Driver reported.
The Full Self-Driving (FSD) feature has undergone a complete reboot and is expected to carry a lot of new functionality. The rewrite also updated the autopilot’s labeling software to enable it to interpret the environment in 4D instead of 2D.
Based on Musk’s recent descriptions, the updated software will build on its current “traffic light
The truth is out there, and Elon Musk is sure it has nothing to do with aliens visiting Earth.
The SpaceX founder chimed in on the idea of UFO sightings through a couple of tweets on Sunday. “I have seen no evidence of an advanced civilization visiting Earth,” he tweeted. “Fuzzy pics that are worse than a 7/11 security cam frame grab don’t count!”
No electric-vehicle startup has matched, or even approached, Tesla’s success, much of which can be credited to CEO Elon Musk.
The CEOs of a new generation of EV companies are hoping they recreate Musk’s career — but his path is a tricky one to follow.
They include Rivian’s RJ Scaringe and Lucid Motors’ Peter Rawlinson.
Visit Business Insider’s homepage for more stories.
Running Tesla has helped turn Elon Musk into one of the world’s richest people. As of Friday, he was fifth on Forbes’ ranking of the world’s billionaires, ahead of Warren Buffett and just behind Mark Zuckerberg.
A handful of startup founders have attempted to match Musk’s success at Tesla over the years, but most have failed to overcome the brutal economics of the car business. Now, a new wave of CEOs is hoping they can learn from their predecessors’ mistakes and capitalize on projected growth in EV demand
TESLA IS WORKING on new battery technology that CEO Elon Musk says will enable the company within the next three years to make sleeker, more affordable cars that can travel dramatically longer distances on a single charge.
But the battery breakthroughs that the entrepreneur unveiled yesterday at a highly anticipated event did not impress investors.
They were hoping Tesla’s technology would mark an even bigger leap forward and propel the company’s soaring stock to even greater heights.
Tesla’s shares shed more than 6% in extended trading after Musk’s presentation.
That deepened a downturn that began during yesterday’s regular trading session as investors began to brace for a potential letdown.
Musk raised those worries with a series of tweets on Monday warning that Tesla’s new battery technology might not be ready for high-volume production until 2022.
He reiterated that timetable during yesterday’s showcase and then added it might take up to
Tesla officials, led by CEO Elon Musk, outlined a set of aggressive plans Tuesday to slash battery production costs, which they said will allow Tesla to bring a $25,000 electric battery vehicle to market within three years.
Those were two of the key takeaways from the company’s Battery Day, a show-and-tell session following its annual meeting. During the three-hour event, which was livecast from a site by Tesla’s assembly plant in Fremont, California, Musk and other executives went into extensive detail explaining how they plan to reduce the cost of batteries — the single most important and most expensive part of an electric vehicle — by 56 percent. They then revealed a variety of new product programs that will be launched over the next several years.
“We’re convinced we can make a compelling $25,000 electric vehicle that’s also fully autonomous,” Musk said.
“The battery stuff is clearly revolutionary and essential
Tesla is working on new battery technology that CEO Elon Musk says will enable the company to make sleeker, more affordable cars that can travel much longer distances on a single charge.
But the battery breakthroughs unveiled Tuesday at a highly anticipated event seemed to disappoint Wall Street, with the entrepreneur saying it will take years to develop the enhanced batteries. Investors were hoping Tesla’s technology would mark an even bigger leap forward and propel the company’s soaring stock to greater heights.
Tesla’s shares shed more than 6% in extended trading after Musk’s presentation, with the stock down another 8% on Wednesday. That deepened a slump that began during Tuesday’s regular trading session as investors began to brace for a potential letdown. Musk raised those worries with a series of tweets Monday warning that Tesla’s new battery tech might not be ready for high-volume production until 2022.