Tesla's Full Self-Driving program is undergoing massive changes and improvements, with a focus on safety, smoothness, and intelligence, and the potential for a majority of the US fleet to pay a monthly subscription fee by mid-2025
Questions to inspire discussion
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What updates are being made to Tesla's Full Self-Driving program?
—Tesla's FSD program is rolling out new updates, including a one-month free trial for all US cars and a mandatory test drive of FSD for new customers in North America.
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What changes have been made to improve Tesla's FSD program?
—Tesla has made significant changes to their Full Self-Driving program, including adjustments to maneuvers and improvements to lane centering.
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What is the potential for a majority of the US fleet to pay a monthly subscription fee for FSD by mid-2025?
—Tesla is making changes to their Full Self-Driving program, with the expectation that the majority of the US fleet will be paying a monthly subscription fee for the service by mid-2025.
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What features are included in the one-month free trial of FSD for all US cars?
—Elon Musk announced that all Tesla cars capable of Full Self-Driving will receive a one-month free trial, including features like Auto steer, city streets, traffic light, and stop sign control.
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What is the focus of Tesla's FSD program in terms of safety and smoothness?
—Elon Musk knew that Tesla's Full Self-Driving system needed to prioritize safety and humanlike smoothness before pursuing aggressive marketing strategies, and with the release of version 12, they have achieved both.
Key Insights
Tesla's FSD Program Updates and Features
- 🚗 Elon Musk announced all US cars capable of FSD will be given a one-month free trial.
- 🚀 The progress in Tesla's FSD program is happening very quickly, proving predictions made a year and a half ago.
- 🚗 Tesla's confidence in their FSD program is incredibly high, despite ongoing adjustments and improvements.
- 🚗 All cars capable of FSD will be enabled for a one-month free trial this week, allowing for minimal driver intervention and continuous improvement of functionality.
- 🚗 Elon Musk plans to extend the FSD trial to every single Tesla in North America, even for those who have never purchased FSD or a subscription in the past.
- 🛣️ Version 12 has provided the smoothness and humanlike feel for the car to communicate its intent, making it prime time ready for aggressive marketing strategies.
- 🌟 Once safety and user experience are combined, it can create a mind-blowing experience, paving the way for widespread adoption of autonomous driving technology.
- 🤖 Version 12 of FSD is the first neural net end-to-end, coded by AI learning on its own through videos and training.
- 🚗 Tesla's FSD is now doing very smart things like learning to navigate gated communities and anticipating traffic, defying previous skepticism about the capabilities of AI in driving.
Business and Financial Implications of Tesla's FSD Program
- 📈 With an installed base of over five million Teslas worldwide, the potential for earning substantial SAS revenues is unprecedented and sets Tesla apart from traditional auto companies.
- 💰 Tesla's revenue will skyrocket and net margins will become obscene with the new FSD program.
#HerbertOng #HansCNelson #FSD #Tesla
Clips
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00:00 🚗 Tesla's FSD program is rolling out new updates, including a one-month free trial for all US cars and a mandatory test drive for new customers in North America, with rapid progress and improvements to driver visualizations and Auto Park.
- Tesla's FSD program is rolling out new updates, including a one-month free trial for all US cars and a mandatory test drive of FSD for new customers in North America.
- Rapid progress and updates in Tesla's FSD program are proving predictions made a year and a half ago.
- Tesla has rolled out FSD version 12.3.1 to employees, with improvements to driver visualizations and Auto Park, and it is now being rolled out to customers.
- Tesla has made significant changes to their Full Self-Driving program, including adjustments to maneuvers and improvements to lane centering.
- Tesla's FSD program is making rapid progress with frequent and significant updates, addressing major issues and showing promising potential for the future.
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04:44 🚗 Tesla is offering a one-month free trial of Full Self-Driving to all eligible cars, with plans to make it available on all vehicle models before delivery.
- Elon Musk announced that all Tesla cars capable of Full Self-Driving will receive a one-month free trial, including features like Auto steer, city streets, traffic light, and stop sign control.
- Tesla made massive changes to their FSD program, with people questioning the difficulty of installation and calibration, but Elon Musk is pushing the team to get it done within a week.
- Every Tesla in North America with Hardware 3 or above should have the Full Self-Driving trial available to them starting this week, including those purchased in previous years.
- Tesla is working on making FSD available on all their vehicle models before delivery, and customers who purchased a Tesla with Hardware 3 in 2018 or 2019 and never had FSD will be able to download a free trial for a month.
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09:20 🚗 Tesla's FSD program prioritizes safety and smoothness, with potential to redefine company's profitability through over-the-air updates and subscription payments, available in US, Canada, and soon in China and Europe.
- Elon Musk knew that Tesla's Full Self-Driving system needed to prioritize safety and humanlike smoothness before pursuing aggressive marketing strategies, and with the release of version 12, they have achieved both.
- Millions of vehicles on the road could lead to unnecessary traffic incidents and fatalities if the system isn't ready, but once safety and user experience are dialed in, it can be put in the hands of customers to extract its true value.
- Tesla's FSD program, available through over-the-air updates, has the potential to dramatically redefine the company's margin and profitability profile by offering new value to customers through either upfront purchases or subscription payments.
- FSD is currently available in the US and Canada, with plans to roll out in China and Europe, and with 400,000 beta users, there is a free one-month trial for all US car buyers, with an expected high uptake rate for FSD subscription by the end of the year.
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13:55 🚗 Tesla's FSD program is undergoing massive changes, with the expectation of a majority of US fleet paying a monthly subscription fee by mid-2025, along with potential improvements in safety and performance.
- Tesla is making changes to their Full Self-Driving program, with the expectation that the majority of the US fleet will be paying a monthly subscription fee for the service by mid-2025.
- Tesla's FSD program is making massive changes, with the potential for significant improvements in safety and performance.
- North American Tesla customers must have FSD version 12.3.1 installed and activated, and take a test ride before receiving their car, despite the potential impact on delivery speed.
- Tesla is making changes to their Full Self-Driving program, including faster calibration and potential requirements for existing vehicles to install new software.
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17:48 🚗 Tesla's FSD program is prioritizing comfort and data, using shadow mode and more human beta testers to improve the system's maturity and safety.
- Shadow mode provides valuable data to the FSD team, but distinguishing between human input and planned input from the shadow mode is challenging and not all data contributes to improving the system.
- More human beta testers and more vehicles on the road help Tesla discover edge cases and improve the quality of their data set for their Full Self-Driving program.
- Tesla is prioritizing comfort and data in their FSD program to ensure confidence in the system's maturity and minimize the risk of injury to customers.
- Tesla's confidence in its FSD program can be gauged by the percentage of vehicles with access to FSD beta, with the most accommodating regulatory environments being a good proxy for overall safety and maturity.
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21:58 🚗 Tesla's FSD program is undergoing massive changes, with new cars getting FSD capabilities, free trials will be offered to increase beta testers, and potential for cheap personal use subscriptions and more expensive commercial licensing options in the future.
- Tesla's FSD program is undergoing massive changes, with updates being distributed to customers and employees at a rapid pace, allowing new cars to have FSD capabilities with the latest software.
- New cars will come with version 12.3.2, Canada will receive 12.3.1 or 12.3.2 soon, smart summon is under final review, and initial access will be available before the second half of April.
- Tesla is planning to offer free or cheap trials of their Full Self-Driving (FSD) subscription for all Hardware capable vehicles in the next two years to increase the number and quality of beta testers without exposing the software to unnecessary risk.
- Tesla's FSD program will offer free trials to the entire fleet once the software is proven safer than the average human, with the potential for cheap personal use subscriptions and more expensive commercial licensing options, leading to a predicted increase in revenue and margins.
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26:20 🚗 Tesla's FSD program has made massive changes, now performing smart maneuvers and learning from human behavior, with a predicted increase in usage, and a new feature to reduce embarrassing mistakes.
- Elon Musk discusses the progress of Tesla's FSD program, highlighting the intelligence and safety of the technology, and emphasizing that the future of smart robots is here and will only continue to improve.
- Tesla's FSD program has made massive changes, with the system now performing smart maneuvers and learning from human behavior, leading to a predicted increase in usage.
- The speaker showed a new feature to someone for the first time, which will reduce embarrassing mistakes in Tesla's FSD program.
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30:01 🚗 Tesla's FSD program offers free trial, focusing on smoothness and safety, with massive changes to improve intelligence and perception, promising exciting new features and rapid progress.
- Elon Musk announced a free month trial of FSD for all cars in North America, focusing on the need for smoothness in addition to safety.
- Tesla's FSD program has made massive changes to improve the intelligence, perception, and smoothness of the car's movements, making it feel more human-like and confident in its driving abilities.
- Tesla has been working on extra features with enthusiasm over the last year, and there are even more exciting things waiting to be delivered to customers in the next couple of months.
- Tesla's FSD autopilot team showed a demo last year, and despite skepticism, progress is happening quickly, with high probability of success.
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