Tesla has invested billions of dollars over the years toward vehicle autonomy.
The mission continues as Elon Musk and Tesla now prepare to unveil their ride-hailing product, Robotaxi this August.
Early Days Five years ago, during Tesla’s Autonomy Investor Day in April 2019, Elon Musk said he felt “very confident predicting autonomous robotaxis for Tesla in the following year [2020]”.
While Tesla still has the robotaxi unveiling scheduled for August, Tesla announced yesterday that it’d be prioritizing a simpler “next-gen” model that could be released by early 2025.
Tesla said it has been investing in the hardware and software ecosystems necessary to achieve vehicle autonomy and a ride-hailing service.
The upcoming ride-hailing service will enable users to easily request a Tesla vehicle, control the car’s temperature, monitor its real-time location, and adjust the audio system.
In the earnings conference call, Elon Musk reiterated that Tesla expects to launch the next model in “early 2025, if not late this year”.
Tesla CEO concluded by saying that these measures will allow Tesla to reach a capacity of over 3 million units.
Over the years, Tesla has made billion-dollar investments in the development of autonomous cars. The mission continues as Elon Musk and Tesla get ready to introduce Robotaxi, their ride-hailing service, in August. Alternatively, Tesla CyberCab, as Elon Musk dubbed it Tuesday.
The Initial Days.
Elon Musk expressed his confidence in foreseeing autonomous robotaxis for Tesla in the upcoming year (2020) at the Autonomy Investor Day held by the company five years prior in April 2019. Musk made a bolder prediction at the time, stating that by 2022, Tesla wouldn’t even be producing cars with pedals or steering wheels. Musk may not be the most punctual person, but he has a history of completing tasks that others would not attempt or believed were impossible. “Sometimes I am not on time, but I get it done,” Musk later acknowledged, acknowledging that he can be overly optimistic. “.
It is planned for August 8th, five years after the robotaxi was first revealed. Even though FSD v12 is still a long way from complete autonomy, it’s evident that we’re much closer to autonomy than we were in 2019.
Tesla declared yesterday that it would be giving priority to a more affordable “next-gen” model that could be available by early 2025, even though the robotaxi unveiling is still planned for August.
most recent developments.
The FSD v12 was introduced just last month, and Musk stated during the conference call that Tesla has now driven over 300 million miles with it. “It’s becoming very clear that the vision-based approach with end-to-end neural networks is the right solution for scalable autonomy,” he continued.
According to Tesla, the company has been making investments in the software and hardware ecosystems required to develop a ride-hailing service and achieve vehicle autonomy. With a vision-only architecture, the company is sure it can build a profitable and scalable autonomous driving business.
Consider Tesla to be an amalgam of Airbnb and Uber, meaning that it will operate a certain number of its own vehicles.
AirBnb + Uber = Tesla.
Elon Musk later revealed that the new service will function similarly to a hybrid of Uber and Airbnb, with the Tesla driver controlling the use of his vehicle and who can use it. According to Tesla:.
“We intend to seamlessly integrate ride-hailing into the Tesla App because we think the software experience offered by Tesla is the best among all of our products. “.
In addition, the CEO of Tesla made it clear that owners will have the freedom to add or remove their vehicle from the fleet “whenever they want” and that they will be free to choose whether or not to restrict use of the vehicle to “friends and family or only by five-star users or by anyone at any time.”. Similar to Airbnb, the adaptable program will let the owners withdraw the vehicle from the market whenever they’d like.
Soon, consumers will be able to simply order a Tesla, manage the temperature, track its location in real time, and customize the music system through the ride-hailing service. When is the only question left.
Join in.
Musk Reveals New Model, Which Will Combine Current and Next-Generation Platforms, for Early 2025.
“In order to expedite the introduction of new models before our previously announced start of production in the second half of 2025, we have updated our future vehicle lineup.”. Immediately preceding its financial results on Tuesday, Tesla’s deck included several important statements, one of which was this one.
Retail and institutional shareholders have been requesting more information on Tesla’s product roadmap for 2024 and beyond ever since Reuters reported a few weeks ago that the company had “scrapped” the much anticipated cheaper model—a claim Elon Musk swiftly refuted on X.
Tesla plans to release the next model in “early 2025, if not late this year,” Elon Musk stated during the earnings conference call.
“We’ve made updates to our lineup of future vehicles to expedite the introduction of new models in advance of the previously announced start of production in the second half of 2025. As a result, we anticipate it to happen by the end of this year, if not sooner. “.
In response to worries about short-term production halts required to update the factories for these new models, Elon Musk announced that Tesla will build new models that incorporate elements of both its existing and next-generation platforms. This will enable Tesla to ramp up production more quickly and get the cars onto the market sooner by lowering the number of changes that must be made to the production lines.
Remodel of Model Y.
Tesla seems to have realized that their next-generation car won’t be as “next-gen” as they had hoped, but the process would need to start in order to have a new car on the road by the end of 2024. The updated Model Y, which is anticipated to use numerous components from the new Model 3, is most likely what Tesla is alluding to. Accelerating the production of the redesigned Model Y makes sense, as Tesla announced earlier this year that it will not be released this year.
In closing, Tesla CEO stated that these steps will enable Tesla to produce more than three million units annually. In 2023, Tesla manufactured 1.844 million automobiles. That being said, they are expanding the Cybertruck line this year and introducing the new Model 3 to new markets.
And when fully implemented, we believe this should enable us to reach a capacity of over 3 million vehicles.
Tesla teased its next-generation platform and its upcoming Robotaxi during a conference call on Tuesday after it released its earnings results. The company stated that its “purpose-built Robotaxi product will continue to pursue a revolutionary ‘unboxed’ manufacturing strategy.”.
Tesla unveiled its new Performance version of the Model 3 sedan earlier today, with US deliveries beginning as early as next month. Once the $7,500 Federal EV tax credit is applied, the new model’s starting price is $45,490, and it takes 2:09 seconds to reach 60 mph.
Tesla on FSD: Nearing License Agreement With Big Carmaker, Declares Miles Traveled on FSD v12.
Tesla released its financial results on Tuesday, and then the company held a conference call wherein it provided various updates regarding its future vehicle roadmap, autonomous driving, Optimus, and other related matters.
Elon Musk stated that they are in talks with a major automaker and that there is “a good chance” the company will sign the first deal before the end of the year in response to a question from Goldman Sachs analyst Mark Delaney regarding updates on the licensing of Tesla’s Full Self-Driving (FSD) technology. He continued, nevertheless, by estimating that it would likely take three years for the required modifications to be included in the vehicle.
We definitely have a good chance of signing a contract this year, in my opinion.
provides advantages for Tesla.
Since other automakers would have to start using the same cameras and hardware as Tesla in order to use the technology, Tesla might make money from both selling the hardware and licensing FSD. But there would also be additional advantages. Tesla would probably acquire ownership of the data collected by the system when it licensed FSD, which would aid them even more in addressing data and edge cases that must be resolved in order to achieve optimal autonomy.
People fail to realize that all cars will soon need to be smart cars. Once that is clear, I believe licensing will no longer be an option.
In his remarks, Tesla’s Chief Financial Officer Vaibhav Taneja noted that potential partners “take a lot of time in their product life cycle,” meaning that there will be a delay between the deal’s signing and the release of the company’s FSD software.
Mileage Computed With FSD.
Since the release of FSD v12 just a month ago, Musk stated during the conference call that Tesla has now driven over 300 million miles with it. The “vision-based approach with end-to-end neural networks is the right solution for scalable autonomy,” he continued, is becoming increasingly evident.
Adding that it finished the shift to hardware 4.0 in the first quarter and is now shipping the upgraded FSD computer and cameras to China, Tesla stated that it will keep expanding its “core AI infrastructure capacity in the coming months.”.
Tesla lowered the price of FSD over the weekend, going from $12,000 to $8,000 for US customers and from CA$16,000 to CA$11,000 for Canadian customers.
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