Musk Says FSD Beta v11 Is Going 'Wide' This Weekend

By Kevin Armstrong
FSD Beta 11.3.1 is ready to go out to more users
FSD Beta 11.3.1 is ready to go out to more users
DirtyTesla/YouTube

Elon Musk, the CEO of Tesla, initially said that FSD Beta version 11.3.2 would be the one distributed to all subscribers. However, Musk now says that Tesla is ready to expand FSD Beta to more owners this coming weekend. Given that the weekend is only three days away, it sounds like Tesla is happy with FSD Beta 11.3.1 and that will be the version that expands to more owners. At 11 PM last night, Musk tweeted:

V11 starts going wide this weekend

FSD Beta v11.3 was sent to employees exclusively and v11.3.1 later went out to the original 1,000 beta testers. More than 350,000 owners with access to FSD Beta are ready for this milestone release.

What's in the New FSD

With the new upgrade, drivers will find it simpler to grasp what the car is doing, thanks to various new representations. For instance, the path the car travels is now shown by a considerably thicker line, showing the whole space the car is currently using and will occupy soon. Moreover, chevrons have been added to the Tesla's exterior to indicate when the vehicle is slowing down. A white or black line now shows in front of the Tesla to indicate to the supervising driver exactly where the vehicle will stop.

New FSD messages are also included in the update to inform the driver of their actions, such as halting at a red light or waiting for pedestrians. Also, a brand-new voice drive-notes feature enables drivers to leave audio feedback if they need to take over from FSD.

Along with these new features, FSD version 11.3.1 also includes several enhancements, including a new "Minimal Lane Changes" option that limits the number of lane changes the car makes, a new shortcut to the FSD profiles, and a redesigned Autopilot menu that eliminates older options and improves the clarity of the options for drivers. Release notes are available for FSD Beta 11.3.1 as well as an article describing all of the new features and visualizations.

Another Step Toward Autonomous Driving

The new FSD update is a huge step towards reaching autonomy, which Musk claims is the company's top priority. During a recent conference with Morgan Stanley, Musk reaffirmed his commitment to creating a car that can function almost totally in autonomous mode.

Musk also spoke on Tesla's goal to bring out a cost-effective, environmentally friendly, and driverless vehicle in the near future. This vehicle, which Musk anticipates to be substantially cheaper than Tesla's current selection, will be produced at the company's new facility in Mexico, which was unveiled during Investor Day. With autonomy as the company's top priority, Musk sees the new car as a step in the right direction that will allow Tesla to support more drivers of sustainable powertrains.

Overall, the company's dedication to autonomy and its goal for a more sustainable, autonomous future is highlighted by the most recent FSD upgrade and Musk's remarks regarding the impending Tesla vehicle. Tesla is well-positioned to be a leader in developing autonomous vehicles as long as self-driving technology advances.

Tesla's Shareholder Event: Vote Results And Video Replay

By Karan Singh
Not a Tesla App

Yesterday on X, Elon Musk posted that the two key resolutions for the upcoming Shareholder Meeting were both passing by wide margins – and would subsequently go on to pass at today’s Shareholder Meeting.

Musk Compensation Package and Tesla’s Move to Texas

The two key resolutions, one on Elon Musk’s performance-based compensation package, and the other on Tesla’s re-incorporation to Texas, both passed in the preliminary stages. Each required a minimum number of ‘Yes’ votes to pass at the Shareholder Meeting.

The performance-based compensation package only required a simple majority – a certain number of Yes votes, with abstentions not counting as Nos. On the other hand, the move to Texas required a full majority, with abstentions counting as Nos.

Elon Musk declared his victory on X in these two key votes, and Tesla’s share prices moved favorably in post-market, and then again in pre-market trading. This is a positive indicator for Tesla and Elon Musk. On X, Elon recently agreed that given he has received a controlling stake in Tesla, he would work towards making Tesla the most valuable company on Earth.

Other Resolutions

The first five proposals are Tesla corporate proposals, while the remainder are shareholder proposals, and are covered in the table below. For more details, you can read Tesla’s Proxy Package. The proposals are ordered below in the order of presentation.

Resolution

Status

Elect 2 Directors for a 3 Year term (James Murdock, Kimball Musk)

PASS

Non-Binding Advisory-basis Executive Compensation

PASS

Move Tesla to Texas

PASS

Elon Musk’s Compensation Package

PASS

Appoint PricewaterhouseCoopers as Tesla’s accounting firm.

PASS

Reduce Director Terms to 1 Year

FAIL

Simple Majority Stockholder Voting

FAIL

Annual Report on Anti-Harassment and Discrimination

PASS

Freedom of Association and Collective Bargaining Policy

PASS

Report on EM Radiation and Wireless Technologies, and effects on humans.

PASS

Adopting targets and reports for sustainability metrics for executive compensation

PASS

Moratorium on sourcing minerals from deep-sea mining.

PASS

Shareholder Meeting Event

You can view Tesla’s shareholder meeting below:

Tesla Likely to Launch Robotaxi Service in Next 5 Years, May Account for 90% of Future Profit

By Karan Singh
ARK Invest

Tesla is on the verge of its Robotaxi announcement event on 8/8, and major investors like Ark Invest are examining and refreshing their bull case scenarios.

Robotaxi as a Focus

Ark Invest sees Robotaxi as a focus of Tesla’s ongoing business and sees Tesla’s autonomous ride-hailing revenue to net nearly $1 trillion in 2029. In comparison, they estimate Tesla’s vehicle sales to account for $0.4 trillion in revenue. With this bull case, Ark Invest also sees Tesla’s share price soaring to $3,100 by 2029. Ark Invest’s bear case sees the share price moving to $2,000 and robotaxi netting $0.63 billion in revenue.

Ark Invest gives Tesla a 58% chance of launching its robotaxi service in 2025, and a 38% chance in 2026. It’s clear that Tesla’s future lies in operating a fleet of autonomous vehicles and the question is just when it will happen. Given FSD’s massive improvements between FSD V11 and FSD V12, there is a possibility of Tesla meeting these estimates, although a lot depends on how fast improvements will continue to come. While FSD V12 is impressive, it’s still a long way from a true autonomous vehicle.

Rate of Improvement

Miles driven by Tesla FSD versus autonomous competitors
Miles driven by Tesla FSD versus autonomous competitors
ARK Invest

Ark’s case is focused on the fact that FSD’s rapid improvement will continue, and a lot of that may be determined with the next few releases, including FSD 12.4.1, v12.5, and v12.6. When comparing Tesla to autonomous vehicles, Tesla has a drastic lead in miles driven, in fact, it’s so large that you can barely even see Tesla’s competitors. Tesla is at 1.3 billion miles driven with FSD, while the closest competitors are just reaching 15 million autonomous miles driven. While there’s a drastic difference in capabilities between Tesla’s FSD and autonomous vehicles such as Google’s Waymo, Tesla has the ability to gather data 86 times quicker.

Training data is key to building autonomous vehicles, and Tesla is currently the king of vehicle-related data.

Services Company

We previously wrote about whether Tesla’s future will be as a car company or a services company – and major investors such as Ark Invest and Morgan Stanley see Tesla’s AI services as a major driver of business in the future, and the focus of future revenue and profits.

Robotaxi, as both a service and as a physical product, has the opportunity to shake up markets in a unique way, providing quick, clean, and safe transportation between local destinations in urban areas, which could quickly outcompete traditional services like taxis, and tech competitors like Uber or Lyft. The market for robotaxi is untapped and massive, but Tesla isn’t the only one chasing the goal.

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