🚀 FSD's Supersonic Evolution

Plus: New Tesla patent, Baidu's robotaxi, another Tesla lawsuit and more

Hey S3XY 🧤, OpenAI's latest release has sparked widespread speculation about the trajectory of progress in the world of artificial intelligence, leaving many pondering the rapid evolution of the field. Elon added some of his tidbits in that context.

Musk revealed that FSD version 12.4 is due to beta release next week with ‘5X to 10X improvement in miles per intervention compared to latest running v12.3‘. Please reread that.
What’s even more interesting is that FSD v12.5; expect another multifold improvements, would drop by June end which is just about a month away.

Now for the naysayers, these advancements are occurring at a pace unheard of in the industry, with new and improved versions rolling out every few months rather than years. With such rapid progress month over month, those who doubted the readiness of FSD for Robotaxi deployment after the 8/8 release should reconsider their stance.

And some other highlights from today’s letter 📨:

  • European EV incentives.

  • FSD coming to CyberTruck.

  • Elon debunking fake whispers.

  • BYD launches ‘Shark‘.

Let’s take a dive..👇🏻

$TSLA CHART

MARKET CAP 🤑

566.24 B

AVG VOL(30D)

102.41 M

VOLUME

86.41 M

TESLA BULLETS

CyberAlert: FSD for CyberTruck to be release by June end with version 12.5.

Patents: Tesla’s latest granted patent “Neural Networks for Embedded Devices”.

Drone view: Construction has kicked off for new Tesla Shanghai Megapack factory.

Swedish troubles: With the largest Swedish union 'Unionen' joining the sympathy strike against Tesla, the company's jitters in Sweden aren't ending anytime soon.

Good for Tesla: With China on accelerated path to adopt autonomous vehicles, Europe would sure not want be left behind.

Being local: Tesla China Vice President Tao Lin said, the localization rate of parts has exceeded 95% for Tesla China.

Returns: If you don’t rehire, you didn’t fire enough in first place; as Director of charging for North America returns to carmaker.

One of a kind: Tesla has announced the launch of a new test drive concept called Self-Drive test drive, which will be available at several locations around Denmark.

Lawsuits: The Environmental Democracy Project filed the suit with the U.S. District Court for the Northern District of California on Monday, accusing Tesla of violating the federal Clean Air Act since January 2021.

WHISPERS

What? 5X to 10X improvement in ‘miles per intervention’ in FSD's next big v12.4 release, which is due to come out next week!

Appearance after appearance, Lars Moravy appears again!

POV on why FSD take rate would be low for now.
But with current rate of progress, things would change in a matter of few months.

5 years since Elon predicted what future holds.

The Mythbuster Elon.

INDUSTRY FILES

Competition: Apollo launched its sixth-generation robotaxi at Apollo Day 2024 in Wuhan, Hubei province today, costing $27,670, a 60% drop compared to its predecessor.

Incentives: Here is the comprehensive list of all EV tax benefits and incentives available in major European countries.

Concerning: BMW CEO, Oliver Zipse fears from the mandate of no sale of ICE vehicles in EU from 2035 onwards.

Ouch: NHTSA opened a preliminary evaluation of about 444 Waymo autonomous vehicles after receiving 22 reports of Waymo's robotaxis behaving unexpectedly.

Trade wars: Biden quadruple tariffs on Chinese EVs, also updates on several battery components.

Cheap EVs: With the Polestar 3 expected to begin rolling out in the US in the coming months, the automaker is already planning to launch a cheaper option for buyers.

Love for oil: Toyota has routinely ranked at the bottom of InfluenceMap’s climate policy engagement rankings, and this year is no different.

Pickups: BYD Shark, the Chinese automaker’s new energy vehicle pickup truck, officially launched in Mexico at starting price of $53400.

Infra: Audi is rolling out its own charging stations in China.

THAT’S THOUGHTFUL

If you look at what you have in life, you'll always have more. If you look at what you don't have in life, you'll never have enough.

Oprah Winfrey

Oprah debunks some rumors about herself.
👇🏻

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