Tesla has started to roll out its Full Self-Driving (FSD) software to Cybertruck owners, a feature that was notably missing at the truck's launch in late 2022.

The release notes for the FSD software advise owners to remain vigilant, as this version is still an early access build.

Looking ahead, Tesla's upcoming Robotaxi event on October 10 is expected to generate significant investor interest, particularly regarding advancements in FSD technology and artificial intelligence.

Despite a recent 20% rise in Tesla's stock price over the past month, some investors are cashing in on profits due to concerns about negative news from competitors.

This profit-taking comes after Tesla's stock surged, leading to a slight decline in its value as investors reacted to market pressures.

Tesla's limited vehicle lineup, which focuses solely on battery electric vehicles, raises concerns about its ability to maintain market share amidst increasing competition from traditional automakers.

China remains a crucial market for Tesla, accounting for about one-third of its sales, and the company recently celebrated the export of its millionth vehicle from its Shanghai factory.

Year-over-year, Tesla's deliveries have increased by approximately 6%, but a strong performance in the fourth quarter is essential to avoid an overall decline for the year.

Tesla's energy business is also showing promise, with a remarkable 84% increase in revenues quarter-over-quarter in Q2 2024, now contributing significantly to its gross profits.

Analysts have noted that while Tesla has performed well in China, it faces challenges in Europe, where demand has weakened.

The competitive landscape in both the US and China is intensifying, with rivals like BYD and Geely achieving record sales in the electric vehicle market.

Despite strong competition, Tesla remains a leader in the market, ranking second in the IBD Auto Manufacturers industry group with solid ratings.