Tesla Rolls Out Full Self-Driving to Cybertruck, Teases Major Robotaxi Event

October 1, 2024
Tesla Rolls Out Full Self-Driving to Cybertruck, Teases Major Robotaxi Event
  • Tesla has started rolling out its Full Self-Driving (FSD) software to Cybertruck owners, a feature that was notably absent at the truck's launch in late 2022.

  • The release notes for this early access build emphasize that drivers must remain attentive, as the FSD system does not render the vehicle fully autonomous.

  • The upcoming Robotaxi event is being touted by CEO Elon Musk as one of Tesla's most significant launches since the Model 3, generating considerable anticipation among employees, shareholders, and electric vehicle enthusiasts.

  • Originally scheduled for August, the event's delay has heightened expectations for insights into Tesla's advancements in autonomous driving and artificial intelligence.

  • The introduction of robotaxis is expected to shift Tesla's revenue model from traditional car sales to software licensing, potentially creating more predictable and recurring revenue streams.

  • As Tesla prepares to report its third-quarter deliveries, analysts predict figures ranging from 462,000 to over 470,000 units, indicating a potential recovery from previous declines.

  • Achieving these delivery estimates would mark a turnaround for Tesla, following declines of 9% in the first quarter and 5% in the second, despite challenges posed by CEO Elon Musk's political statements.

  • In China, Tesla's vehicle registrations have surged by 20% compared to the previous quarter, aided by zero-interest loans and government subsidies.

  • Bank of America has moderated expectations for the Robotaxi event, viewing it as a chance for investors to gain insights into Tesla's current FSD capabilities and the future of its robotaxi business.

  • As competition in the electric vehicle market intensifies, Tesla is focusing on leveraging its AI-driven self-driving features to reclaim its market leadership.

  • Experts argue that Tesla needs to achieve a 1,000-fold increase in miles driven between critical disengagements to fulfill its ambitious self-driving promises.

  • Musk has acknowledged the growing trend of celebrity interest in Tesla vehicles, praising the taste of notable figures who own Cybertrucks.

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